Exp World (NASDAQ:AGNT) Stock Moved Up to “Buy” by 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 morning,Wall Street Zen reports.

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

Exp World Trading Up 2.5%

Exp World stock opened at $3.65 on Friday. The company has a 50-day moving average price of $4.05 and a 200 day moving average price of $4.93. Exp World has a 12-month low of $3.40 and a 12-month high of $12.23. The stock has a market cap of $599.77 million, a P/E ratio of -33.18 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 firm had revenue of $1.45 billion during the quarter. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, analysts forecast that Exp World will post 0.15 EPS for the current year.

Exp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.5%. The ex-dividend date was Friday, August 14th. Exp World’s dividend payout ratio is currently -181.82%.

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 Exp World 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 sale, the insider owned 18,037,824 shares in the company, valued at approximately $66,379,192.32. This trade represents a 32.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 26.59% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Cim Investment Management Inc. acquired a new stake in shares of Exp World in the second quarter valued at $136,000. Philadelphia Investment Partners LLC acquired a new position in Exp World during the 2nd quarter worth about $46,000. Citizens Financial Group Inc. RI purchased a new position in Exp World during the 2nd quarter valued at about $279,000. Commonwealth Financial Services LLC purchased a new position in Exp World during the 1st quarter valued at about $111,000. Finally, SEB Asset Management AB acquired a new position in Exp World in the 1st quarter valued at about $587,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.