Exp World (NASDAQ:AGNT) Stock Gets Downgrade from Wall Street Zen

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

AGNT has been the topic of a number of other research reports. Citizens Jmp started coverage on Exp World in a research note on Wednesday, October 14th. They issued a “market outperform” rating and a $6.00 target price on the stock. Benchmark lowered their target price on Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. DA Davidson dropped their price target on Exp World from $6.50 to $4.75 and set a “neutral” rating for the company 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 report on Friday, September 25th. Finally, Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 23rd. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, Exp World currently has a consensus rating of “Hold” and an average target price of $5.38.

Exp World Price Performance

Shares of NASDAQ AGNT opened at $3.83 on Friday. Exp World has a 12-month low of $3.40 and a 12-month high of $12.23. The company has a market capitalization of $629.35 million, a PE ratio of -34.82 and a beta of 2.06. The firm’s 50-day moving average is $3.99 and its two-hundred day moving average is $4.76.

Exp World (NASDAQ:AGNT) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.02) 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 business had revenue of $1.45 billion during the quarter. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, analysts forecast that Exp World will post 0.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $3.68, for a total transaction of $31,991,307.20. Following the transaction, the insider directly owned 18,037,824 shares in the company, valued at approximately $66,379,192.32. This represents a 32.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 26.59% of the company’s stock.

Institutional Trading of Exp World

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AGNT. OP Asset Management Ltd purchased a new position in shares of Exp World during the 1st quarter worth about $2,451,000. Cim Investment Management Inc. purchased a new stake in Exp World in the second quarter valued at approximately $136,000. Philadelphia Investment Partners LLC purchased a new stake in Exp World in the second quarter valued at approximately $46,000. Citizens Financial Group Inc. RI purchased a new stake in Exp World in the second quarter valued at approximately $279,000. Finally, Commonwealth Financial Services LLC acquired a new position in Exp World during the first quarter worth approximately $111,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

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.