Zacks Research Upgrades Exp World (NASDAQ:AGNT) to Hold

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

AGNT has been the subject of a number of other reports. Benchmark decreased their price target 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. Weiss Ratings upgraded Exp World from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, September 9th. Finally, 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. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, Exp World has an average rating of “Reduce” and a consensus target price of $5.17.

Exp World Trading Down 0.3%

Shares of NASDAQ:AGNT opened at $3.53 on Wednesday. The company has a 50 day moving average of $4.13 and a 200-day moving average of $5.02. The firm has a market cap of $580.05 million, a P/E ratio of -32.09 and a beta of 2.05. Exp World has a twelve month low of $3.40 and a twelve month high of $12.23.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings data 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 company had revenue of $1.45 billion for the quarter. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Equities research analysts forecast that Exp World will post 0.15 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 18,037,824 shares in the company, valued at $66,379,192.32. The trade was a 32.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 26.59% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of AGNT. Root Financial Partners LLC purchased a new stake in shares of Exp World during the 4th quarter worth about $25,000. Philadelphia Investment Partners LLC bought a new position in Exp World during the second quarter valued at approximately $46,000. Commonwealth Financial Services LLC acquired a new stake in Exp World in the first quarter valued at approximately $111,000. Fifth Third Bancorp grew its position in Exp World by 2,697.1% in the first quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock worth $129,000 after acquiring an additional 20,687 shares in the last quarter. Finally, Handelsbanken Fonder AB increased its stake in shares of Exp World by 8.9% during the 4th quarter. Handelsbanken Fonder AB now owns 32,900 shares of the technology company’s stock worth $298,000 after purchasing an additional 2,700 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

About Exp World

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.