Exp World (NASDAQ:AGNT) Stock Rated Market Outperform in New Coverage at Citizens Jmp

Citizens Jmp began coverage on shares of Exp World (NASDAQ:AGNT) in a research note published on Wednesday morning, Marketbeat reports. The brokerage issued a market outperform rating and a $6.00 target price on the technology company’s stock.

Several other analysts also recently commented on AGNT. Wall Street Zen upgraded shares of Exp World from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Weiss Ratings downgraded shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. DA Davidson cut their price target 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 raised Exp World from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 23rd. Finally, Benchmark lowered their price objective 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. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $5.38.

Exp World Trading Down 2.0%

Shares of NASDAQ:AGNT opened at $3.83 on Wednesday. The stock has a 50 day moving average of $3.99 and a 200 day moving average of $4.77. The company has a market cap of $629.35 million, a PE ratio of -34.82 and a beta of 2.06. Exp World has a 12-month low of $3.40 and a 12-month high of $12.23.

Exp World (NASDAQ:AGNT) last released its earnings results on Tuesday, August 4th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.10). Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%. The firm had revenue of $1.45 billion during the quarter. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Equities research analysts predict that Exp World will post 0.15 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The business also recently disclosed 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 5.2%. The ex-dividend date of this dividend was Friday, August 14th. Exp World’s dividend payout ratio (DPR) is -181.82%.

Insider Transactions at Exp World

In other 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 transaction of $31,991,307.20. Following the sale, the insider owned 18,037,824 shares in the company, valued at $66,379,192.32. This trade represents a 32.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 26.59% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Exp World

Hedge funds and other institutional investors have recently modified their holdings of the stock. OP Asset Management Ltd bought a new stake in Exp World in the 1st quarter valued at $2,451,000. SEB Asset Management AB purchased a new stake in Exp World in the 1st quarter worth $587,000. Illinois Municipal Retirement Fund lifted its stake in Exp World by 3.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after purchasing an additional 1,872 shares in the last quarter. Citizens Financial Group Inc. RI bought a new position in shares of Exp World during the 2nd quarter valued at about $279,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Exp World during the 1st quarter valued at about $241,000. Institutional investors 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.