Exp World Holdings, Inc. (NASDAQ:AGNT) Stock Now Rated “Reduce” by Sell-Side Analysts

Exp World Holdings, Inc. (NASDAQ:AGNT) has received a consensus rating of “Reduce” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $5.17.

A number of equities research analysts have weighed in on the company. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 23rd. Benchmark lowered their price target on Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings downgraded Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 25th. Wall Street Zen raised Exp World from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. Finally, DA Davidson cut their price objective on Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a report on Wednesday, August 5th.

Insiders Place Their Bets

In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $3.68, for a total transaction of $31,991,307.20. Following the completion of the transaction, the insider owned 18,037,824 shares in the company, valued at approximately $66,379,192.32. This trade represents a 32.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 26.59% of the company’s stock.

Institutional Trading of Exp World

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. OP Asset Management Ltd bought a new stake in Exp World during the first quarter worth approximately $2,451,000. WINTON GROUP Ltd grew its position in Exp World by 5.2% in the fourth quarter. WINTON GROUP Ltd now owns 104,623 shares of the technology company’s stock worth $947,000 after buying an additional 5,214 shares during the last quarter. SEB Asset Management AB acquired a new position in Exp World in the first quarter worth approximately $587,000. Illinois Municipal Retirement Fund increased its holdings in shares of Exp World by 3.6% in the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock valued at $324,000 after buying an additional 1,872 shares in the last quarter. Finally, Citizens Financial Group Inc. RI bought a new position in shares of Exp World in the second quarter valued at $279,000. 27.17% of the stock is currently owned by institutional investors.

Exp World Stock Performance

Shares of NASDAQ AGNT opened at $3.58 on Wednesday. Exp World has a fifty-two week low of $3.40 and a fifty-two week high of $12.23. The firm’s 50-day simple moving average is $4.01 and its 200 day simple moving average is $4.80.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.02) earnings per share (EPS) 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 during the quarter. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts expect that Exp World will post 0.15 EPS for the current fiscal year.

Exp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.05 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.20 annualized dividend and a yield of 5.6%. Exp World’s payout ratio is -181.82%.

Exp World Company Profile

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.