Exp World (NASDAQ:AGNT) Stock Jumps 5.6% – Time to Buy?

Exp World Holdings, Inc. (NASDAQ:AGNT)’s share price rose 5.6% on Tuesday. The stock traded as high as $3.95 and last traded at $3.93. Approximately 59,537 shares changed hands during trading, a decline of 95% from the average session volume of 1,306,166 shares. The stock had previously closed at $3.72.

Analyst Ratings Changes

Several research analysts recently commented on AGNT shares. Weiss Ratings cut Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 25th. Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 23rd. Benchmark lowered their price objective on Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Wall Street Zen downgraded Exp World from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Finally, DA Davidson cut their target price on Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, Exp World has an average rating of “Hold” and an average target price of $5.38.

Exp World Trading Down 3.2%

The stock has a market capitalization of $649.06 million, a P/E ratio of -35.91 and a beta of 2.06. The stock’s 50 day simple moving average is $3.97 and its 200 day simple moving average is $4.71.

Exp World (NASDAQ:AGNT) last announced its quarterly earnings data 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). The company had revenue of $1.45 billion for the quarter. Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts expect that Exp World Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Exp World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 5.1%. Exp World’s dividend payout ratio (DPR) is presently -181.82%.

Insider Buying and Selling

In related news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $66,379,192.32. The trade was a 32.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 26.59% of the company’s stock.

Institutional Trading of Exp World

Institutional investors and hedge funds have recently bought and sold shares of the company. Illinois Municipal Retirement Fund lifted its holdings in Exp World by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after buying an additional 1,872 shares during the last quarter. Philadelphia Investment Partners LLC bought a new stake in shares of Exp World in the 2nd quarter valued at approximately $46,000. Commonwealth Financial Services LLC bought a new stake in shares of Exp World in the 1st quarter valued at approximately $111,000. Fifth Third Bancorp raised its position in shares of Exp World by 2,697.1% during the 1st quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock valued at $129,000 after acquiring an additional 20,687 shares in the last quarter. Finally, Cim Investment Management Inc. acquired a new stake in shares of Exp World during the 2nd quarter valued at approximately $136,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

About Exp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees. In addition, the company offers SUCCESS print magazine, SUCCESS.com portal, SUCCESS newsletters, SUCCESS podcasts, SUCCESS plus, SUCCESS speakers bureau, and SUCCESS coaching, podcasts, and digital training courses.