Exp World Holdings, Inc. (NASDAQ:AGNT) Stock Has Consensus Target Price of $5.17 According to Analysts

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) have earned an average recommendation of “Reduce” from the five analysts that are covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $5.17.

Several research firms have recently weighed in on AGNT. DA Davidson decreased their price objective on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 23rd. Weiss Ratings lowered shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. Wall Street Zen raised shares of Exp World from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Finally, Benchmark cut their price target on shares of Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th.

Exp World Stock Performance

NASDAQ:AGNT opened at $3.72 on Wednesday. The company has a market capitalization of $611.29 million, a PE ratio of -33.82 and a beta of 2.06. The company has a 50 day simple moving average of $4.03 and a two-hundred day simple moving average of $4.84. Exp World has a fifty-two week low of $3.40 and a fifty-two week high of $12.23.

Exp World (NASDAQ:AGNT) last released its quarterly 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 firm had revenue of $1.45 billion for the quarter. Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%. Exp World’s revenue for the quarter was up 10.7% on a year-over-year basis. Research analysts predict that Exp World will post 0.15 EPS for the current year.

Exp World Dividend Announcement

The firm also recently disclosed 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 (DPR) is -181.82%.

Insider Activity

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 dated 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 transaction, the insider directly owned 18,037,824 shares of the company’s stock, valued at $66,379,192.32. The trade was a 32.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 26.59% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Exp World

Large investors have recently added to or reduced their stakes in the business. Illinois Municipal Retirement Fund lifted its stake in Exp World by 3.6% in the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock valued at $324,000 after buying an additional 1,872 shares during the period. WINTON GROUP Ltd boosted its holdings in shares of Exp World by 5.2% during the 4th quarter. WINTON GROUP Ltd now owns 104,623 shares of the technology company’s stock worth $947,000 after buying an additional 5,214 shares in the last quarter. Philadelphia Investment Partners LLC bought a new position in shares of Exp World during the 2nd quarter worth approximately $46,000. Commonwealth Financial Services LLC acquired a new stake in shares of Exp World during the 1st quarter worth approximately $111,000. Finally, Fifth Third Bancorp grew its position in shares of Exp World by 2,697.1% during 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. Institutional investors and hedge funds own 27.17% of the company’s stock.

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.