Brokerages Set Exp World Holdings, Inc. (NASDAQ:AGNT) PT at $5.17

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) have been given an average recommendation of “Reduce” by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.1667.

AGNT has been the topic of several analyst reports. Benchmark lowered 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. Weiss Ratings raised shares of Exp World from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, September 9th. Zacks Research lowered shares of Exp World from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Finally, DA Davidson decreased their price objective on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th.

Insider Transactions at Exp World

In other Exp World news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was 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 approximately $66,379,192.32. The trade was 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 hyperlink. Insiders own 26.59% of the company’s stock.

Institutional Trading of Exp World

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Root Financial Partners LLC acquired a new position in Exp World during the 4th quarter valued at about $25,000. Philadelphia Investment Partners LLC bought a new position in shares of Exp World in the 2nd quarter valued at about $46,000. Commonwealth Financial Services LLC acquired a new stake in shares of Exp World during the 1st quarter worth approximately $111,000. Fifth Third Bancorp grew its position in shares of Exp World by 2,697.1% during the 1st 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 during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Exp World by 8.9% during the fourth quarter. Handelsbanken Fonder AB now owns 32,900 shares of the technology company’s stock worth $298,000 after buying an additional 2,700 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Exp World Price Performance

Exp World stock opened at $4.11 on Friday. The company has a market capitalization of $675.36 million, a PE ratio of -37.36 and a beta of 2.05. Exp World has a one year low of $3.61 and a one year high of $12.23. The business has a 50 day simple moving average of $4.27 and a 200 day simple moving average of $5.20.

Exp World (NASDAQ:AGNT) last announced its quarterly 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). The company had revenue of $1.45 billion during the quarter. Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. The company’s revenue was up 10.7% compared to the same quarter last year. Equities analysts anticipate that Exp World will post -0.07 earnings per share for the current fiscal year.

Exp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.9%. The ex-dividend date of this dividend was Friday, August 14th. Exp World’s dividend payout ratio (DPR) is currently -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.