Exp World (NASDAQ:AGNT) Stock Gets Price Target Reduction from Citizens Jmp

Exp World (NASDAQ:AGNT) had its target price trimmed by Citizens Jmp from $6.00 to $5.50 in a research report sent to investors on Monday morning,Benzinga reports. The brokerage currently has a market outperform rating on the technology company’s stock.

A number of other analysts have also recently commented on the company. 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 report on Wednesday, August 5th. DA Davidson reduced their price objective 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 lowered Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 23rd. Finally, Wall Street Zen downgraded Exp World from a “buy” rating to a “hold” rating in a report on Saturday, October 17th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.25.

Exp World Price Performance

Shares of NASDAQ AGNT opened at $2.85 on Monday. Exp World has a 1 year low of $2.76 and a 1 year high of $12.23. The firm has a 50-day moving average of $3.79 and a 200 day moving average of $5.22.

Exp World (NASDAQ:AGNT) last announced its quarterly earnings data on Thursday, November 5th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). Exp World had a negative return on equity of 8.20% and a negative net margin of 0.49%. The business had revenue of $1.39 billion during the quarter. The business’s revenue was up 5.8% on a year-over-year basis. On average, equities analysts forecast that Exp World will post 0.15 EPS for the current year.

Exp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 4th. Investors of record on Friday, November 20th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, November 20th. Exp World’s dividend payout ratio is -125.00%.

Insiders Place Their Bets

In other Exp World 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 sale, the insider directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 26.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hantz Financial Services Inc. purchased a new stake in shares of Exp World during the third quarter valued at approximately $183,000. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Exp World during the third quarter valued at approximately $80,000. Citizens Financial Group Inc. RI bought a new stake in shares of Exp World during the third quarter valued at approximately $186,000. Quadrant Capital Group LLC purchased a new position in Exp World in the 3rd quarter worth approximately $317,000. Finally, Cim Investment Management Inc. purchased a new position in Exp World in the 2nd quarter worth approximately $136,000. Institutional investors own 27.17% of the company’s stock.

About Exp World

eXp World Holdings, Inc. operates eXp Realty, a technology-enabled real estate brokerage. Its cloud-based model connects real estate agents with brokerage services, training and collaboration tools through a virtual work environment. The company serves residential and commercial real estate markets in the United States and other international markets. Its business is centered on supporting independent agents and brokerages with technology and operational services. The ticker provided, AGNT, does not match eXp World Holdings; the company is listed on Nasdaq under the symbol EXPI.