Exp World (NASDAQ:AGNT) Stock Price Target Cut by Citizens Jmp

Key Points

• Citizens JMP lowered its price target on Exp World from $6.00 to $5.50 but maintained a “market outperform” rating, implying 77.42% upside from the prior close.
• Analyst views are mixed: the consensus rating is “Hold,” with a consensus price target of $5.25. Shares opened at $3.10, near the 52-week low of $3.08.
• Exp World reported a quarterly loss of $0.03 per share, missing estimates of $0.07 EPS, while revenue rose 5.8% year over year to $1.39 billion.

Exp World (NASDAQ:AGNT - Get Free Report) had its target price decreased by equities research analysts at Citizens Jmp from $6.00 to $5.50 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "market outperform" rating on the technology company's stock. Citizens Jmp's price objective indicates a potential upside of 77.42% from the company's previous close.

A number of other research analysts also recently commented on AGNT. Wall Street Zen downgraded Exp World from a "buy" rating to a "hold" rating in a research note on Saturday, October 17th. Zacks Research raised Exp World from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 23rd. DA Davidson reduced their price target on Exp World from $6.50 to $4.75 and set a "neutral" rating for the company in a report on Wednesday, August 5th. Benchmark reduced their price target on Exp World from $8.00 to $6.00 and set a "buy" rating for the company in a report on Wednesday, August 5th. Finally, Weiss Ratings cut Exp World from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, September 25th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $5.25.

Exp World Price Performance

AGNT opened at $3.10 on Monday. The firm has a market cap of $510.60 million, a PE ratio of -19.38 and a beta of 1.94. The business has a fifty day simple moving average of $3.86 and a 200-day simple moving average of $5.32. Exp World has a fifty-two week low of $3.08 and a fifty-two week high of $12.23.

Exp World (NASDAQ:AGNT - Get Free Report) last announced its 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 return on equity of 8.20% and a negative net margin of 0.49%. The company had revenue of $1.39 billion for the quarter. The company's revenue for the quarter was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Exp World will post 0.15 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the company'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 completion of the sale, the insider directly owned 18,037,824 shares in the company, valued at approximately $66,379,192.32. This represents a 32.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 26.59% of the company's stock.

Hedge Funds Weigh In On Exp World

Several institutional investors have recently bought and sold shares of AGNT. SEB Asset Management AB acquired a new stake in shares of Exp World in the first quarter worth about $587,000. Illinois Municipal Retirement Fund boosted its stake in shares of Exp World by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company's stock worth $324,000 after acquiring an additional 1,872 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Exp World during the 3rd quarter valued at about $317,000. Citizens Financial Group Inc. RI acquired a new position in shares of Exp World during the 2nd quarter valued at about $279,000. Finally, Cim Investment Management Inc. acquired a new position in shares of Exp World during the 2nd quarter valued at about $136,000. 27.17% of the stock is currently owned by institutional investors.

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.

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