Wall Street Zen Upgrades Exp World (NASDAQ:AGNT) to “Buy”

Exp World (NASDAQ:AGNT) was upgraded by stock analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other equities research analysts have also recently commented on the stock. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 23rd. Benchmark decreased their target price on shares of Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Weiss Ratings downgraded shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. Finally, DA Davidson dropped their price target on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $5.17.

Exp World Price Performance

Shares of AGNT opened at $3.65 on Friday. The company has a market capitalization of $599.77 million, a price-to-earnings ratio of -33.18 and a beta of 2.06. Exp World has a 52 week low of $3.40 and a 52 week high of $12.23. The stock’s 50-day moving average price is $4.05 and its 200-day moving average price is $4.92.

Exp World (NASDAQ:AGNT) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. The company had revenue of $1.45 billion for the quarter. Exp World’s revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Exp World will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $3.68, for a total value of $31,991,307.20. Following the completion of the sale, the insider directly owned 18,037,824 shares in the company, valued at $66,379,192.32. The trade was a 32.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 26.59% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in AGNT. Root Financial Partners LLC acquired a new stake in Exp World in the 4th quarter valued at $25,000. Philadelphia Investment Partners LLC acquired a new position in Exp World during the second quarter worth $46,000. Commonwealth Financial Services LLC acquired a new position in Exp World during the first quarter worth $111,000. Fifth Third Bancorp lifted its holdings in Exp World by 2,697.1% during the first quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock valued at $129,000 after purchasing an additional 20,687 shares in the last quarter. Finally, Cim Investment Management Inc. purchased a new position in Exp World during the second quarter valued at $136,000. 27.17% of the stock is owned by institutional investors and hedge funds.

About Exp World

eXp World Holdings, Inc is a cloud-based real estate services and technology company best known for eXp Realty, an independent residential real estate brokerage. The company provides agents with brokerage services, transaction support, training, marketing resources and collaboration tools through a technology-driven operating model designed to support a geographically distributed workforce.

Through its broader platform, eXp World Holdings has also operated businesses focused on real estate education, media and digital collaboration.