Exp World (NASDAQ:AGNT) Upgraded at Zacks Research

Exp World (NASDAQ:AGNT) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Several other research firms also recently issued reports on AGNT. DA Davidson dropped their price objective on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Benchmark decreased 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, Weiss Ratings raised Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, September 9th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exp World currently has a consensus rating of “Reduce” and a consensus price target of $5.17.

Exp World Trading Down 0.3%

Shares of AGNT stock opened at $3.53 on Wednesday. Exp World has a 1 year low of $3.40 and a 1 year high of $12.23. The firm’s fifty day simple moving average is $4.13 and its 200 day simple moving average is $5.02. The firm has a market capitalization of $580.05 million, a P/E ratio of -32.09 and a beta of 2.05.

Exp World (NASDAQ:AGNT) last released its earnings results on Tuesday, August 4th. The technology company reported ($0.02) EPS 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 company had revenue of $1.45 billion for the quarter. The firm’s revenue was up 10.7% compared to the same quarter last year. Equities research analysts anticipate that Exp World will post 0.15 EPS for the current fiscal year.

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 company’s stock in a transaction dated 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 sale, the insider owned 18,037,824 shares of the company’s stock, valued at $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 is available through this hyperlink. Company insiders own 26.59% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund increased its holdings in Exp World by 3.6% during the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after buying an additional 1,872 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Exp World by 8.9% in the fourth quarter. Handelsbanken Fonder AB now owns 32,900 shares of the technology company’s stock valued at $298,000 after acquiring an additional 2,700 shares during the last quarter. Root Financial Partners LLC acquired a new stake in Exp World in the fourth quarter valued at $25,000. WINTON GROUP Ltd grew its position in shares of Exp World by 5.2% in the 4th quarter. WINTON GROUP Ltd now owns 104,623 shares of the technology company’s stock valued at $947,000 after acquiring an additional 5,214 shares during the period. Finally, Philadelphia Investment Partners LLC bought a new position in shares of Exp World in the 2nd quarter valued at about $46,000. 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 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.