Exp World (NASDAQ:AGNT) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded eXp World Holdings from “Hold” to “Buy,” but the broader analyst consensus remains “Reduce,” with an average price target of $5.17.
• AGNT shares opened at $3.65, near their 52-week low of $3.40 and well below the 52-week high of $12.23. The company recently reported a quarterly loss of $0.02 per share, missing estimates by $0.10, despite 10.7% year-over-year revenue growth to $1.45 billion.
• A major shareholder sold 8.69 million shares for approximately $32 million, reducing its ownership by 32.52%; insiders still own 26.59% of the company, while institutional investors own 27.17%.

Exp World (NASDAQ:AGNT - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Saturday, Wall Street Zen reports.

AGNT has been the topic of a number of other reports. DA Davidson dropped their price target on shares of Exp World from $6.50 to $4.75 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th. Zacks Research raised Exp World from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 23rd. Benchmark reduced their price target on Exp World from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. Finally, Weiss Ratings downgraded shares of Exp World from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Reduce" and an average price target of $5.17.

Exp World Price Performance

Shares of Exp World stock opened at $3.65 on Friday. Exp World has a 1 year low of $3.40 and a 1 year high of $12.23. The company has a market capitalization of $599.78 million, a price-to-earnings ratio of -33.18 and a beta of 2.06. The business has a fifty day simple moving average of $4.05 and a two-hundred day simple moving average of $4.93.

Exp World (NASDAQ:AGNT - Get Free Report) last announced 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). The firm had revenue of $1.45 billion during the quarter. Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. Exp World's revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts anticipate that Exp World will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at Exp World

In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the company's stock in a transaction dated 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 transaction, 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 26.59% of the company's stock.

Institutional Trading of Exp World

Large investors have recently modified their holdings of the company. OP Asset Management Ltd bought a new position in shares of Exp World during the 1st quarter worth $2,451,000. WINTON GROUP Ltd raised its holdings in shares of Exp World by 5.2% in the fourth quarter. WINTON GROUP Ltd now owns 104,623 shares of the technology company's stock valued at $947,000 after acquiring an additional 5,214 shares in the last quarter. SEB Asset Management AB purchased a new stake in Exp World in the first quarter worth about $587,000. State of Wyoming grew its holdings in Exp World by 116.8% during the 4th quarter. State of Wyoming now owns 49,440 shares of the technology company's stock worth $447,000 after acquiring an additional 26,633 shares in the last quarter. Finally, Illinois Municipal Retirement Fund grew its holdings in 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. 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.

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