Exp World Holdings, Inc. (NASDAQ:AGNT) Given Average Rating of “Reduce” by Analysts

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) have been assigned an average recommendation of “Reduce” from the five ratings firms that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $5.1667.

A number of research analysts have recently issued reports on AGNT shares. DA Davidson reduced their price target on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings raised shares of Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, September 9th. Zacks Research lowered shares of Exp World from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Finally, Benchmark cut their target price on shares of Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th.

Insider Activity

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 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 completion of the transaction, the insider owned 18,037,824 shares in the company, valued at $66,379,192.32. The trade was a 32.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 26.59% of the company’s stock.

Institutional Investors Weigh In On Exp World

Hedge funds have recently added to or reduced their stakes in the stock. OP Asset Management Ltd acquired a new stake in shares of Exp World during the first quarter valued at approximately $2,451,000. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $1,931,000 after purchasing an additional 213,172 shares during the period. SEB Asset Management AB acquired a new position in Exp World in the 1st quarter worth approximately $587,000. Citizens Financial Group Inc. RI purchased a new position in Exp World during the 2nd quarter worth approximately $279,000. Finally, Louisiana State Employees Retirement System purchased a new position in Exp World during the 1st quarter worth approximately $241,000. 27.17% of the stock is currently owned by institutional investors.

Exp World Price Performance

Shares of AGNT opened at $3.90 on Friday. The business’s fifty day moving average price is $4.23 and its 200 day moving average price is $5.15. Exp World has a 12-month low of $3.61 and a 12-month high of $12.23. The stock has a market capitalization of $640.85 million, a PE ratio of -35.45 and a beta of 2.05.

Exp World (NASDAQ:AGNT) last released its quarterly earnings data 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 return on equity of 5.43% and a negative net margin of 0.35%.The business had revenue of $1.45 billion during the quarter. Exp World’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, research analysts anticipate that Exp World will post -0.07 earnings per share for the current fiscal year.

Exp World Announces Dividend

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. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date was Friday, August 14th. Exp World’s dividend payout ratio is presently -181.82%.

Exp World Company Profile

eXp World Holdings, Inc is a cloud-based real estate services company best known for operating eXp Realty, a residential real estate brokerage. Through its virtual business model, eXp Realty provides real estate professionals with brokerage support, training, collaboration tools and technology designed to help agents serve buyers and sellers.

The company also operates eXp Commercial, which focuses on commercial real estate services. Its broader technology platform has included virtual collaboration and workplace solutions intended to support distributed organizations and real estate professionals.

eXp World Holdings was founded in 2002 by Glenn Sanford, who serves as its chairman and chief executive officer.