Citizens Jmp Begins Coverage on Exp World (NASDAQ:AGNT)

Citizens Jmp began coverage on shares of Exp World (NASDAQ:AGNT) in a report issued on Wednesday, Benzinga reports. The firm set a “market outperform” rating and a $6.00 price target on the technology company’s stock. Citizens Jmp’s price target indicates a potential upside of 67.60% from the company’s current price.

Other equities research analysts also recently issued reports about the company. Benchmark decreased their price objective on Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 23rd. DA Davidson dropped 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, August 5th. Wall Street Zen upgraded Exp World from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Finally, Weiss Ratings downgraded Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.38.

Exp World Trading Down 3.5%

Shares of Exp World stock opened at $3.58 on Wednesday. The firm’s 50-day simple moving average is $4.01 and its 200-day simple moving average is $4.80. Exp World has a twelve month low of $3.40 and a twelve month high of $12.23.

Exp World (NASDAQ:AGNT) last posted its earnings results on Tuesday, August 4th. The technology company reported ($0.02) earnings per share 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 during the quarter. The company’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Exp World will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Exp World

In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $3.68, for a total value of $31,991,307.20. Following the sale, the insider owned 18,037,824 shares of the company’s stock, valued at approximately $66,379,192.32. This represents a 32.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 26.59% of the company’s stock.

Hedge Funds Weigh In On Exp World

Several institutional investors have recently added to or reduced their stakes in AGNT. Philadelphia Investment Partners LLC acquired a new position in Exp World in the second quarter valued at about $46,000. Commonwealth Financial Services LLC acquired a new stake in shares of Exp World during the first quarter worth approximately $111,000. Fifth Third Bancorp increased its holdings in shares of Exp World by 2,697.1% during the first quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock worth $129,000 after buying an additional 20,687 shares in the last quarter. Cim Investment Management Inc. acquired a new stake in shares of Exp World during the second quarter worth approximately $136,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Exp World during the first quarter worth approximately $241,000. 27.17% of the stock is owned by institutional investors.

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.