Exp World (NASDAQ:AGNT) Downgraded by Wall Street Zen to Hold

by · The Cerbat Gem

Wall Street Zen downgraded shares of Exp World (NASDAQ:AGNT – Free Report) from a buy rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

A number of other equities analysts also recently commented on the stock. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 23rd. Weiss Ratings lowered shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 25th. Benchmark cut their price target on Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. DA Davidson reduced their price target on Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Citizens Jmp initiated coverage on Exp World in a research note on Wednesday. They issued a “market outperform” rating and a $6.00 price objective for the company. 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. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.38.

Get Our Latest Research Report on AGNT

Exp World Stock Down 2.0%

Shares of NASDAQ AGNT opened at $3.83 on Friday. The firm has a 50-day simple moving average of $3.99 and a 200-day simple moving average of $4.77. Exp World has a 52 week low of $3.40 and a 52 week high of $12.23. The stock has a market capitalization of $629.35 million, a price-to-earnings ratio of -34.82 and a beta of 2.06.

Exp World (NASDAQ:AGNT – Get Free Report) last announced its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). The firm had revenue of $1.45 billion for the quarter. Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. The business’s revenue was up 10.7% on a year-over-year basis. As a group, equities research analysts expect that Exp World will post 0.15 EPS for the current year.

Exp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, August 14th. Exp World’s dividend payout ratio is presently -181.82%.

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 company’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 sale, the insider owned 18,037,824 shares in the company, valued at $66,379,192.32. This represents a 32.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 26.59% of the company’s stock.

Hedge Funds Weigh In On Exp World

Several large investors have recently bought and sold shares of the stock. Cim Investment Management Inc. acquired a new stake in Exp World during the 2nd quarter worth $136,000. Philadelphia Investment Partners LLC acquired a new position in shares of Exp World during the 2nd quarter worth approximately $46,000. Citizens Financial Group Inc. RI bought a new position in shares of Exp World in the 2nd quarter valued at about $279,000. Commonwealth Financial Services LLC acquired a new position in Exp World during the first quarter worth approximately $111,000. Finally, SEB Asset Management AB bought a new position in Exp World during the first quarter worth $587,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

Exp World Company Profile

(Get Free Report)

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.

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