Exp World Holdings, Inc. (NASDAQ:AGNT) Receives Consensus Recommendation of "Reduce" from Brokerages

Key Points

• Analyst sentiment is negative: Five brokerages give Exp World an average “Reduce” rating, with two sells, two holds and one buy. The average 12-month price target is $5.17.
• Shares remain under pressure: AGNT opened at $3.82, near its 52-week low of $3.40 and well below its 52-week high of $12.23. The company’s latest quarterly EPS of -$0.02 missed consensus expectations of $0.08, despite 10.7% year-over-year revenue growth.
• Insider selling and dividend concerns stand out: A major shareholder sold 8.69 million shares for approximately $32 million, reducing its stake by 32.5%. The company pays a $0.20 annualized dividend yielding about 5.2%, but its negative earnings make the payout ratio unsustainable at -181.82%.

Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) has earned an average rating of "Reduce" from the five brokerages that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $5.17.

AGNT has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Exp World from a "hold" rating to a "buy" rating in a research report on Saturday. Weiss Ratings downgraded shares of Exp World from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, September 25th. Benchmark decreased 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. DA Davidson lowered their price objective 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. Finally, Zacks Research upgraded Exp World from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 23rd.

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 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 transaction, the insider owned 18,037,824 shares of the company's stock, valued at approximately $66,379,192.32. The trade was a 32.52% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.59% of the stock is currently owned by insiders.

Institutional Trading of Exp World

Institutional investors and hedge funds have recently bought and sold shares of the stock. OP Asset Management Ltd bought a new position in shares of Exp World during the 1st quarter valued at about $2,451,000. WINTON GROUP Ltd increased 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 worth $947,000 after purchasing an additional 5,214 shares during the last quarter. Cim Investment Management Inc. bought a new stake in shares of Exp World in the second quarter worth about $136,000. Philadelphia Investment Partners LLC bought a new stake in shares of Exp World in the second quarter worth about $46,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in shares of Exp World in the second quarter worth about $279,000. 27.17% of the stock is currently owned by institutional investors.

Exp World Stock Performance

NASDAQ:AGNT opened at $3.82 on Wednesday. The stock has a 50-day simple moving average of $4.04 and a two-hundred day simple moving average of $4.89. The firm has a market capitalization of $627.70 million, a PE ratio of -34.73 and a beta of 2.06. Exp World has a 52-week low of $3.40 and a 52-week high of $12.23.

Exp World (NASDAQ:AGNT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). The company had revenue of $1.45 billion for the quarter. Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. The business's revenue was up 10.7% compared to the same quarter last year. Equities analysts forecast that Exp World will post 0.15 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend was Friday, August 14th. Exp World's dividend payout ratio (DPR) is -181.82%.

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.

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