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

Exp World Holdings, Inc. (NASDAQ:AGNT) has been given a consensus rating of “Reduce” by the five ratings firms that are covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $5.1667.

Several research analysts have recently commented on AGNT shares. 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 cut shares of Exp World from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. DA Davidson reduced their price objective on Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Finally, Benchmark dropped their price objective on shares of Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, August 5th.

Insider Buying and Selling at Exp World

In related news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the 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 completion of the sale, the insider directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 26.59% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Root Financial Partners LLC acquired a new position in shares of Exp World in the fourth quarter worth approximately $25,000. Philadelphia Investment Partners LLC acquired a new stake in Exp World during the 2nd quarter valued at approximately $46,000. Commonwealth Financial Services LLC acquired a new stake in Exp World during the 1st quarter valued at approximately $111,000. Fifth Third Bancorp raised its holdings in 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 purchasing an additional 20,687 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its holdings in Exp World by 8.9% during the 4th quarter. Handelsbanken Fonder AB now owns 32,900 shares of the technology company’s stock worth $298,000 after purchasing an additional 2,700 shares during the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

Exp World Stock Performance

Shares of AGNT opened at $3.79 on Friday. Exp World has a 52 week low of $3.61 and a 52 week high of $12.23. The firm’s 50-day simple moving average is $4.20 and its 200 day simple moving average is $5.12. The firm has a market cap of $622.77 million, a P/E ratio of -34.45 and a beta of 2.05.

Exp World (NASDAQ:AGNT) last announced 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). The firm had revenue of $1.45 billion for the quarter. Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The business’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities analysts forecast that Exp World will post -0.07 earnings per share for the current year.

Exp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders 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 dividend yield of 5.3%. The ex-dividend date was Friday, August 14th. Exp World’s payout ratio is -181.82%.

About Exp World

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.