Exp World (NASDAQ:AGNT) Stock Rating Raised to “Hold” at Zacks Research
by Renee Jackson · The Cerbat GemZacks Research upgraded shares of Exp World (NASDAQ:AGNT – Free Report) from a strong sell rating to a hold rating in a research note published on Wednesday,Zacks reports.
A number of other research firms also recently commented on AGNT. DA Davidson cut their target price 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 upgraded shares of Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, September 9th. Finally, Benchmark cut their price objective 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. One research analyst has 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.com, the stock currently has an average rating of “Reduce” and a consensus target price of $5.17.
View Our Latest Stock Report on Exp World
Exp World Stock Performance
Shares of NASDAQ:AGNT opened at $3.53 on Wednesday. The firm’s 50 day simple moving average is $4.13 and its 200-day simple moving average is $5.02. Exp World has a one year low of $3.40 and a one year high of $12.23. The firm has a market cap of $580.05 million, a PE ratio of -32.09 and a beta of 2.05.
Exp World (NASDAQ:AGNT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.10). The firm had revenue of $1.45 billion during the quarter. Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The company’s revenue was up 10.7% on a year-over-year basis. Equities research analysts predict that Exp World will post 0.15 EPS for the current fiscal year.
Exp World Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a $0.05 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 5.7%. Exp World’s payout ratio is currently -181.82%.
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 Exp World stock in a transaction that occurred on 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 transaction, the insider owned 18,037,824 shares of the company’s stock, valued at $66,379,192.32. The trade was a 32.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 26.59% of the company’s stock.
Hedge Funds Weigh In On Exp World
Institutional investors and hedge funds have recently bought and sold shares of the company. Illinois Municipal Retirement Fund increased its holdings in Exp World by 3.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock valued at $324,000 after purchasing an additional 1,872 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of Exp World by 8.9% in the 4th quarter. Handelsbanken Fonder AB now owns 32,900 shares of the technology company’s stock valued at $298,000 after buying an additional 2,700 shares during the period. Root Financial Partners LLC acquired a new position in Exp World during the 4th quarter worth about $25,000. WINTON GROUP Ltd boosted its holdings in Exp World by 5.2% during the 4th quarter. WINTON GROUP Ltd now owns 104,623 shares of the technology company’s stock valued at $947,000 after acquiring an additional 5,214 shares during the period. Finally, Philadelphia Investment Partners LLC acquired a new position in Exp World in the 2nd quarter valued at about $46,000. 27.17% of the stock is owned by hedge funds and other institutional investors.
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.
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