Exp World (NASDAQ:AGNT) Rating Lowered to “Strong Sell” at Zacks Research

Exp World (NASDAQ:AGNT) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

AGNT has been the subject of a number of other research reports. Benchmark dropped their price objective on shares of Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday. Weiss Ratings raised shares of Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. DA Davidson cut their target price on Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Wall Street Zen upgraded Exp World to a “hold” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus price target of $5.17.

Exp World Price Performance

NASDAQ:AGNT opened at $4.39 on Thursday. The firm has a market cap of $721.36 million, a PE ratio of -39.91 and a beta of 2.09. The firm has a 50 day simple moving average of $4.65 and a 200-day simple moving average of $5.98. Exp World has a 1-year low of $3.68 and a 1-year high of $12.23.

Exp World (NASDAQ:AGNT) last announced its earnings results on Friday, August 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business’s revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts expect that Exp World will post -0.07 earnings per share for the current fiscal year.

Institutional Trading of Exp World

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Exp World by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock valued at $127,725,000 after acquiring an additional 690,694 shares in the last quarter. State Street Corp raised its holdings in Exp World by 4.6% during the fourth quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock worth $29,856,000 after purchasing an additional 145,657 shares in the last quarter. Bank of America Corp DE lifted its position in Exp World by 73.3% in the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after purchasing an additional 1,391,582 shares during the period. Renaissance Technologies LLC lifted its position in Exp World by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock worth $24,043,000 after purchasing an additional 116,900 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Exp World by 1.6% during the 4th quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock valued at $21,891,000 after purchasing an additional 38,134 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors.

About Exp World

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.