Exp World (NASDAQ:AGNT) Cut to Hold at Wall Street Zen

Wall Street Zen cut shares of Exp World (NASDAQ:AGNT) from a buy rating to a hold rating in a report published on Saturday,Wall Street Zen reports.

Several other analysts have also recently weighed in on the stock. DA Davidson cut their price target 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 price objective on shares of Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Citizens Jmp began coverage on shares of Exp World in a report on Wednesday, October 14th. They issued a “market outperform” rating and a $6.00 price objective for the company. Weiss Ratings cut shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Finally, Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 23rd. Two analysts have 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, Exp World currently has an average rating of “Hold” and an average target price of $5.38.

Exp World Trading Down 2.9%

Shares of AGNT stock opened at $3.72 on Friday. Exp World has a fifty-two week low of $3.40 and a fifty-two week high of $12.23. The business’s 50 day moving average price is $3.98 and its 200-day moving average price is $4.74.

Exp World (NASDAQ:AGNT) last posted 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). The business had revenue of $1.45 billion for the quarter. Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. The business’s revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts expect that Exp World will post 0.15 earnings per share for the current fiscal year.

Exp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 5.4%. Exp World’s dividend payout ratio is currently -181.82%.

Insider Activity at Exp World

In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 26.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exp World

Several hedge funds have recently made changes to their positions in the company. Philadelphia Investment Partners LLC purchased a new position in Exp World during the second quarter valued at $46,000. Commonwealth Financial Services LLC purchased a new stake in shares of Exp World in the 1st quarter worth about $111,000. Fifth Third Bancorp grew its position in shares of Exp World by 2,697.1% in the 1st quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock worth $129,000 after buying an additional 20,687 shares during the period. Cim Investment Management Inc. bought a new position in shares of Exp World in the 2nd quarter worth about $136,000. Finally, Louisiana State Employees Retirement System bought a new position in shares of Exp World in the 1st quarter worth about $241,000. 27.17% of the stock is currently owned by institutional investors.

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.