Exp World (NASDAQ:AGNT) Stock Jumps 5.6% – What’s Next?

Exp World Holdings, Inc. (NASDAQ:AGNT)’s share price shot up 5.6% on Tuesday. The stock traded as high as $3.95 and last traded at $3.93. Approximately 59,537 shares traded 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citizens Jmp initiated coverage on Exp World in a research note on Wednesday, October 14th. They issued a “market outperform” rating and a $6.00 price objective for the company. Wall Street Zen lowered Exp World from a “buy” rating to a “hold” rating in a research report on Saturday. DA Davidson cut their price target on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 23rd. Finally, Benchmark decreased their price objective 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. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.38.

Exp World Stock Up 6.5%

The business’s 50-day simple moving average is $3.98 and its two-hundred day simple moving average is $4.74. The firm has a market cap of $650.71 million, a price-to-earnings ratio of -36.00 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last posted its earnings results on Tuesday, August 4th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter. The business’s revenue was up 10.7% compared to the same quarter last year. On average, analysts expect that Exp World Holdings, Inc. will post 0.15 earnings per share for the current year.

Exp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 5.1%. Exp World’s dividend payout ratio is presently -181.82%.

Insider Transactions at Exp World

In other Exp World news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the stock in a transaction that occurred on 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 26.59% of the company’s stock.

Institutional Trading of Exp World

Institutional investors have recently bought and sold shares of the business. Cim Investment Management Inc. purchased a new stake in shares of Exp World in the second quarter valued at approximately $136,000. Philadelphia Investment Partners LLC acquired a new position in shares of Exp World during the 2nd quarter worth approximately $46,000. Citizens Financial Group Inc. RI acquired a new position in shares of Exp World during the 2nd quarter worth approximately $279,000. Commonwealth Financial Services LLC purchased a new position in shares of Exp World during the 1st quarter valued at approximately $111,000. Finally, SEB Asset Management AB purchased a new position in shares of Exp World during the 1st quarter valued at approximately $587,000. 27.17% of the stock is owned by institutional investors and hedge funds.

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.