Citizens Jmp Issues Pessimistic Forecast for Exp World (NASDAQ:AGNT) Stock Price

Exp World (NASDAQ:AGNT) had its price objective decreased by research analysts at Citizens Jmp from $6.00 to $5.50 in a report issued on Monday, Benzinga reports. The firm presently has a “market outperform” rating on the technology company’s stock. Citizens Jmp‘s target price would suggest a potential upside of 77.42% from the stock’s current price.

Several other equities analysts have also recently weighed in on AGNT. 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 research note on Friday, September 25th. DA Davidson lowered their target price on Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Benchmark dropped their price target 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, Wall Street Zen downgraded Exp World from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. Two investment 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.25.

Exp World Price Performance

Shares of AGNT opened at $3.10 on Monday. The company has a market capitalization of $510.60 million, a PE ratio of -19.38 and a beta of 1.94. Exp World has a one year low of $3.08 and a one year high of $12.23. The company’s fifty day moving average price is $3.86 and its 200 day moving average price is $5.32.

Exp World (NASDAQ:AGNT) last released its quarterly earnings results on Thursday, November 5th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.10). Exp World had a negative net margin of 0.49% and a negative return on equity of 8.20%. The firm had revenue of $1.39 billion for the quarter. Exp World’s revenue was up 5.8% compared to the same quarter last year. Analysts anticipate that Exp World will post 0.15 earnings per share for the current year.

Insider Transactions at Exp World

In other Exp World news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the firm’s stock in a transaction on 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 directly 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 at the SEC website. 26.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exp World

Several hedge funds have recently made changes to their positions in AGNT. Citizens Financial Group Inc. RI acquired a new stake in Exp World during the third quarter worth about $186,000. Quadrant Capital Group LLC bought a new position in Exp World during the third quarter valued at about $317,000. Cim Investment Management Inc. acquired a new position in Exp World in the 2nd quarter valued at approximately $136,000. Philadelphia Investment Partners LLC acquired a new position in Exp World in the 2nd quarter valued at approximately $46,000. Finally, SEB Asset Management AB bought a new stake in shares of Exp World in the 1st quarter worth approximately $587,000. Institutional investors own 27.17% of the company’s stock.

About Exp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees. In addition, the company offers SUCCESS print magazine, SUCCESS.com portal, SUCCESS newsletters, SUCCESS podcasts, SUCCESS plus, SUCCESS speakers bureau, and SUCCESS coaching, podcasts, and digital training courses.