Exp World Holdings, Inc. (NASDAQ:AGNT) Stock Has Average Target Price of $5.38

Exp World Holdings, Inc. (NASDAQ:AGNT) has been given a consensus recommendation of “Hold” by the six research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $5.38.

A number of brokerages have commented on AGNT. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 23rd. DA Davidson lowered their target price on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Citizens Jmp assumed coverage on Exp World in a research report on Wednesday, October 14th. They set a “market outperform” rating and a $6.00 price objective for the company. Benchmark cut their target price 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. Finally, Weiss Ratings cut Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 25th.

Exp World Stock Performance

NASDAQ:AGNT opened at $3.92 on Friday. Exp World has a 52 week low of $3.40 and a 52 week high of $12.23. The company has a fifty day simple moving average of $3.90 and a two-hundred day simple moving average of $5.40.

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

Insider Buying and Selling

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 that occurred on 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 sale, the insider owned 18,037,824 shares of the company’s stock, valued at approximately $66,379,192.32. This trade represents a 32.52% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 26.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exp World

Several hedge funds and other institutional investors have recently bought and sold shares of AGNT. SEB Asset Management AB acquired a new stake in shares of Exp World in the 1st quarter valued at about $587,000. Illinois Municipal Retirement Fund increased its position in Exp World by 3.6% during the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after buying an additional 1,872 shares during the period. Quadrant Capital Group LLC acquired a new stake in shares of Exp World in the third quarter valued at approximately $317,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Exp World in the second quarter valued at approximately $279,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Exp World during the first quarter worth approximately $241,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Exp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees. In addition, the company offers SUCCESS print magazine, SUCCESS.com portal, SUCCESS newsletters, SUCCESS podcasts, SUCCESS plus, SUCCESS speakers bureau, and SUCCESS coaching, podcasts, and digital training courses.