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AgileThought, Inc. (NASDAQ:AGIL) Short Interest Down 26.1% in December

Defense World · Dec 31, 2022 04:11

AgileThought, Inc. (NASDAQ:AGIL – Get Rating) saw a significant drop in short interest during the month of December. As of December 15th, there was short interest totalling 237,200 shares, a drop of 26.1% from the November 30th total of 320,800 shares. Based on an average daily trading volume, of 19,800 shares, the days-to-cover ratio is presently 12.0 days. Approximately 0.9% of the shares of the company are sold short.

Analyst Ratings Changes

Several analysts have recently commented on AGIL shares. Needham & Company LLC assumed coverage on shares of AgileThought in a research report on Tuesday, October 4th. They set a "buy" rating and a $7.00 price objective on the stock. Cantor Fitzgerald started coverage on AgileThought in a research report on Monday, September 19th. They set an "overweight" rating and a $6.00 target price for the company. Canaccord Genuity Group began coverage on AgileThought in a research note on Friday, December 9th. They set a "buy" rating and a $7.00 target price on the stock. Finally, Canaccord Genuity Group started coverage on AgileThought in a research note on Friday, December 9th. They issued a "buy" rating and a $7.00 price target for the company. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $7.00.

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AgileThought Price Performance

Shares of AGIL opened at $4.20 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.92 and a quick ratio of 0.92. The stock has a market capitalization of $202.41 million, a price-to-earnings ratio of -6.00 and a beta of -0.22. AgileThought has a 1 year low of $3.40 and a 1 year high of $5.93. The business's 50 day simple moving average is $4.11 and its 200-day simple moving average is $4.40.

AgileThought (NASDAQ:AGIL – Get Rating) last announced its quarterly earnings results on Thursday, November 10th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.04. AgileThought had a negative net margin of 17.62% and a negative return on equity of 10.68%. The company had revenue of $43.40 million for the quarter, compared to analysts' expectations of $42.10 million. As a group, equities analysts expect that AgileThought will post -0.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other AgileThought news, VP Diego Zavala sold 105,348 shares of the company's stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $4.17, for a total transaction of $439,301.16. Following the completion of the sale, the vice president now directly owns 2,102,539 shares of the company's stock, valued at $8,767,587.63. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other AgileThought news, VP Diego Zavala sold 105,348 shares of the business's stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $4.17, for a total transaction of $439,301.16. Following the completion of the sale, the vice president now owns 2,102,539 shares of the company's stock, valued at $8,767,587.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Mauricio Garduno Gonz Elizondo sold 39,192 shares of the firm's stock in a transaction dated Tuesday, November 29th. The stock was sold at an average price of $3.93, for a total value of $154,024.56. Following the completion of the transaction, the vice president now directly owns 815,824 shares in the company, valued at approximately $3,206,188.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 154,519 shares of company stock valued at $628,993. 40.20% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Grandeur Peak Global Advisors LLC purchased a new stake in AgileThought during the third quarter valued at approximately $1,197,000. Vanguard Group Inc. lifted its position in AgileThought by 2.8% in the third quarter. Vanguard Group Inc. now owns 323,333 shares of the company's stock worth $1,261,000 after buying an additional 8,900 shares during the last quarter. Virtus Family Office LLC purchased a new position in AgileThought during the third quarter worth $757,000. Blair William & Co. IL increased its position in AgileThought by 9.4% during the third quarter. Blair William & Co. IL now owns 1,457,077 shares of the company's stock valued at $5,683,000 after acquiring an additional 125,677 shares during the last quarter. Finally, State Street Corp raised its stake in shares of AgileThought by 87.7% in the second quarter. State Street Corp now owns 65,753 shares of the company's stock valued at $340,000 after acquiring an additional 30,729 shares during the period. Hedge funds and other institutional investors own 31.39% of the company's stock.

About AgileThought

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AgileThought, Inc provides digital transformation services in the United States and Latin America. It offers product management services comprising AgileIgnite and DevOpsIgnite; user experience, application engineering, modernization and mobility, advanced data analytics, cloud architecture and migration, automation, and artificial intelligence and machine learning services.