Exp World (NASDAQ:AGNT) Shares Climb 5.6% – Here’s Why

Exp World Holdings, Inc. (NASDAQ:AGNT)’s share price traded up 5.6% on Tuesday. The company traded as high as $3.95 and last traded at $3.93. 59,537 shares traded hands during trading, a decline of 95% from the average daily volume of 1,306,166 shares. The stock had previously closed at $3.72.

Analyst Upgrades and Downgrades

AGNT has been the topic of several recent research reports. Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 23rd. Weiss Ratings downgraded Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. Wall Street Zen lowered Exp World from a “buy” rating to a “hold” rating in a research report on Saturday. Citizens Jmp initiated coverage on Exp World in a research report on Wednesday, October 14th. They issued a “market outperform” rating and a $6.00 price target for the company. Finally, Benchmark decreased their price objective on Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $5.38.

Exp World Stock Performance

The company has a 50 day moving average of $3.98 and a two-hundred day moving average of $4.74. The stock has a market capitalization of $650.71 million, a PE ratio of -36.00 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last released its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.45 billion during the quarter. Exp World’s revenue was up 10.7% compared to the same quarter last year. As a group, research analysts predict that Exp World Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Exp World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were paid a $0.05 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 5.1%. Exp World’s dividend payout ratio (DPR) is -181.82%.

Insider Buying and Selling

In other Exp World news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the business’s 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 of the company’s stock, valued at approximately $66,379,192.32. The trade was a 32.52% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 26.59% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Cim Investment Management Inc. acquired a new stake in shares of Exp World during the second quarter worth $136,000. Philadelphia Investment Partners LLC purchased a new stake in shares of Exp World during the second quarter valued at $46,000. Citizens Financial Group Inc. RI acquired a new position in shares of Exp World in the 2nd quarter valued at $279,000. Commonwealth Financial Services LLC acquired a new position in shares of Exp World in the 1st quarter valued at $111,000. Finally, SEB Asset Management AB acquired a new position in shares of Exp World in the 1st quarter valued at $587,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

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.