Exp World Holdings, Inc. (NASDAQ:AGNT) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• Analysts have a consensus “Reduce” rating on Exp World, with three sell ratings, one hold and one buy. The average 12-month price target is $5.17, while recent analysts lowered targets, including DA Davidson to $4.75 and Benchmark to $6.00.
• The company reported quarterly revenue of $1.45 billion, up 10.7% year over year, but posted an adjusted loss of $0.02 per share versus the $0.08 consensus estimate. Analysts expect a full-year loss of approximately $0.07 per share.
• A major shareholder sold 8.7 million shares for roughly $32 million, reducing its position by 32.5%. The company also pays a quarterly dividend of $0.05, equivalent to a 5.0% annualized yield, despite a negative payout ratio.

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) have been assigned a consensus rating of "Reduce" from the five analysts that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.1667.

Several research analysts recently issued reports on the stock. Zacks Research cut shares of Exp World from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th. DA Davidson cut their price target on Exp World from $6.50 to $4.75 and set a "neutral" rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings upgraded Exp World from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday. Finally, Benchmark decreased their price objective on Exp World from $8.00 to $6.00 and set a "buy" rating for the company in a report on Wednesday, August 5th.

Exp World Stock Up 7.2%

Exp World stock opened at $4.02 on Friday. The stock has a 50-day moving average price of $4.29 and a 200 day moving average price of $5.24. The company has a market capitalization of $660.57 million, a price-to-earnings ratio of -36.55 and a beta of 2.05. Exp World has a 52 week low of $3.61 and a 52 week high of $12.23.

Exp World (NASDAQ:AGNT - Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The business had revenue of $1.45 billion during the quarter. The business's quarterly revenue was up 10.7% on a year-over-year basis. Research analysts anticipate that Exp World will post -0.07 EPS for the current fiscal year.

Exp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.05 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.0%. Exp World's dividend payout ratio is -181.82%.

Insiders Place Their Bets

In related news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of Exp World 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 owned 18,037,824 shares of the company's stock, valued at approximately $66,379,192.32. This trade represents a 32.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 26.59% of the company's stock.

Institutional Investors Weigh In On Exp World

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Root Financial Partners LLC acquired a new position in Exp World during the fourth quarter worth about $25,000. PNC Financial Services Group Inc. raised its holdings in Exp World by 139.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company's stock valued at $31,000 after acquiring an additional 1,998 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new stake in Exp World in the 4th quarter valued at about $37,000. Philadelphia Investment Partners LLC purchased a new position in Exp World in the 2nd quarter worth approximately $46,000. Finally, Geneos Wealth Management Inc. lifted its stake in Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company's stock worth $62,000 after purchasing an additional 1,856 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company's stock.

Exp World Company Profile

eXp World Holdings, Inc NASDAQ: EXPI is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty's technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World's offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.

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