Exp World (NASDAQ:AGNT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Exp World (NASDAQ:AGNT) from a hold rating to a buy rating in a research note released on Saturday,Wall Street Zen reports.

Other research analysts have also recently issued research reports about the company. Weiss Ratings cut Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research note on Friday, September 25th. DA Davidson lowered their target price on Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 23rd. Finally, Benchmark reduced their price target 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. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $5.17.

Exp World Stock Up 6.0%

Exp World stock opened at $3.87 on Friday. Exp World has a 52-week low of $3.40 and a 52-week high of $12.23. The firm has a fifty day moving average of $4.04 and a 200-day moving average of $4.90. The firm has a market capitalization of $635.93 million, a P/E ratio of -35.18 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last posted its 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). Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. The business had revenue of $1.45 billion for the quarter. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, research analysts expect that Exp World will post 0.15 EPS for the current fiscal year.

Exp World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 5.2%. Exp World’s dividend payout ratio (DPR) is currently -181.82%.

Insider Activity

In related news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the business’s stock in a transaction dated 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 in the company, 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 legal filing with the SEC, which can be accessed through this link. Insiders own 26.59% of the company’s stock.

Institutional Investors Weigh In On Exp World

Hedge funds have recently bought and sold shares of the business. OP Asset Management Ltd acquired a new position in Exp World during the 1st quarter valued at about $2,451,000. SEB Asset Management AB acquired a new stake in shares of Exp World in the 1st quarter worth approximately $587,000. Citizens Financial Group Inc. RI bought a new position in shares of Exp World in the second quarter valued at approximately $279,000. Louisiana State Employees Retirement System bought a new position in shares of Exp World in the first quarter valued at approximately $241,000. Finally, State of Wyoming increased its stake in shares of Exp World by 116.8% during the fourth quarter. State of Wyoming now owns 49,440 shares of the technology company’s stock valued at $447,000 after acquiring an additional 26,633 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

Exp World Company Profile

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.