Exp World Holdings, Inc. (NASDAQ:AGNT) Stock Has Consensus Target Price of $5.17

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) have been given a consensus rating of “Reduce” by the five research firms that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $5.17.

A number of brokerages have recently commented on AGNT. Wall Street Zen upgraded Exp World from a “hold” rating to a “buy” rating in a research note on Saturday, October 3rd. 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. Benchmark lowered their target price on Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Weiss Ratings downgraded Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Finally, Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 23rd.

Exp World Trading Down 7.2%

Shares of Exp World stock opened at $3.72 on Wednesday. The firm’s 50 day moving average is $4.03 and its 200 day moving average is $4.85. The firm has a market capitalization of $611.27 million, a PE ratio of -33.82 and a beta of 2.06. Exp World has a 1 year low of $3.40 and a 1 year high of $12.23.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.02) EPS for the quarter, missing the consensus estimate 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 firm’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, research analysts anticipate that Exp World will post 0.15 earnings per share 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 issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend was Friday, August 14th. Exp World’s payout ratio is presently -181.82%.

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 company’s 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 completion of the transaction, the insider directly owned 18,037,824 shares in the company, valued at approximately $66,379,192.32. This represents a 32.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 26.59% of the company’s stock.

Institutional Trading of Exp World

Several institutional investors have recently modified their holdings of the business. OP Asset Management Ltd bought a new position in shares of Exp World during the first quarter worth about $2,451,000. SEB Asset Management AB bought a new stake in Exp World in the first quarter valued at approximately $587,000. Citizens Financial Group Inc. RI acquired a new stake in Exp World during the 2nd quarter valued at approximately $279,000. Louisiana State Employees Retirement System acquired a new stake in Exp World during the 1st quarter valued at approximately $241,000. Finally, Cim Investment Management Inc. bought a new position in Exp World during the 2nd quarter worth approximately $136,000. Institutional investors own 27.17% of the company’s stock.

About Exp World

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.