Exp World (NASDAQ:AGNT) Lowered to “Strong Sell” Rating by Zacks Research

Zacks Research downgraded shares of Exp World (NASDAQ:AGNT) from a hold rating to a strong sell rating in a report published on Thursday,Zacks.com reports.

Several other equities analysts also recently issued reports on AGNT. Weiss Ratings upgraded shares of Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Wall Street Zen upgraded Exp World to a “hold” rating in a research report on Sunday, May 10th. DA Davidson reduced their target price on Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a report on Wednesday. Finally, Benchmark dropped their price target on Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Exp World currently has an average rating of “Reduce” and a consensus price target of $5.17.

Exp World Trading Up 6.3%

Shares of NASDAQ:AGNT opened at $4.39 on Thursday. The company has a market capitalization of $721.36 million, a PE ratio of -39.91 and a beta of 2.09. Exp World has a twelve month low of $3.68 and a twelve month high of $12.23. The firm has a 50 day simple moving average of $4.65 and a 200-day simple moving average of $5.98.

Exp World (NASDAQ:AGNT) last issued its earnings results on Friday, August 7th. 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’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, equities research analysts predict that Exp World will post -0.07 EPS for the current fiscal year.

Exp World Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 4.6%. Exp World’s dividend payout ratio is -181.82%.

Hedge Funds Weigh In On Exp World

Several institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG grew its stake in shares of Exp World by 81.7% in the 4th quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock valued at $16,093,000 after purchasing an additional 799,587 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Exp World by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock worth $127,725,000 after purchasing an additional 690,694 shares during the period. OP Asset Management Ltd acquired a new stake in shares of Exp World during the first quarter worth $2,451,000. Northwestern Mutual Wealth Management Co. grew its position in Exp World by 106,586.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 213,372 shares of the technology company’s stock valued at $1,931,000 after buying an additional 213,172 shares during the last quarter. Finally, State of Wyoming grew its position in Exp World by 116.8% in the 4th quarter. State of Wyoming now owns 49,440 shares of the technology company’s stock valued at $447,000 after buying an additional 26,633 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.