Exp World (NASDAQ:AGNT) Rating Lowered to Strong Sell at Zacks Research

Exp World (NASDAQ:AGNTGet Free Report) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research firms also recently commented on AGNT. Wall Street Zen raised Exp World to a “hold” rating in a report on Sunday, May 10th. 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. Benchmark lowered their price target on Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Weiss Ratings upgraded shares of Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $5.17.

Read Our Latest Report on AGNT

Exp World Stock Up 6.3%

Shares of AGNT opened at $4.39 on Thursday. The business’s 50 day moving average price is $4.65 and its 200-day moving average price is $5.98. Exp World has a 52 week low of $3.68 and a 52 week high of $12.23. The stock has a market cap of $721.36 million, a P/E ratio of -39.91 and a beta of 2.09.

Exp World (NASDAQ:AGNTGet Free Report) last posted its quarterly earnings results on Friday, August 7th. 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 firm’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that Exp World will post -0.07 EPS for the current year.

Institutional Investors Weigh In On Exp World

Several large investors have recently bought and sold shares of AGNT. Vanguard Group Inc. raised its position in Exp World by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock worth $127,725,000 after buying an additional 690,694 shares during the last quarter. State Street Corp boosted its holdings in shares of Exp World by 4.6% during the 4th quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock valued at $29,856,000 after acquiring an additional 145,657 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of Exp World by 73.3% during the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock valued at $29,934,000 after acquiring an additional 1,391,582 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Exp World by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock worth $24,043,000 after acquiring an additional 116,900 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Exp World by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock worth $21,891,000 after acquiring an additional 38,134 shares during the period. 27.17% of the stock is currently owned by institutional investors.

Exp World Company Profile

(Get Free Report)

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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