Citizens maintains AGNT at Market Outperform, lowers price target to $5.50 from $6

Citizens reduced its price target for eXp World Holdings (NASDAQ:AGNT) to $5.50 from $6.00, citing lower EBITDA and revenue forecasts. The stock is currently at $3.10, down 25% in a week. AGNT reported Q3 2026 revenue of $1.39B, beating estimates but missing on earnings due to housing-market weakness and legal expenses.

AGNT reported Q3 2026 revenue growth of 6% to $1.4 billion, with closed sales up 8% and sales volume up 10%. The company posted a net loss of $4.3 million and adjusted EBITDA down 3%. AGNT's CEO noted market challenges, including high mortgage rates and sluggish demand, and updated 2026 guidance to $4.85B-$5.05B revenue and $40M-$47M adjusted EBITDA.

AGNT reported a Q3 2026 net loss of $4.3M, despite a 6% revenue increase to $1.4B. The company aims to focus on agents, innovation, efficiency, and margin expansion. AGNT highlighted acquisitions and tech launches, including NextHome and AGNT OS. Transaction volume rose 8% to 131,546, with sales volume up 10% to $59.3B. AGNT also co-founded Open Real Estate, a data-sharing initiative.

AGNT Inc reported Q3 2026 revenue of $1.4B (+6% YoY) and adjusted EBITDA of $17.1M (-3% YoY). CEO Leo Pereja and CFO Jesse Hill discussed housing market challenges, operational efficiency, and growth initiatives. The company expects Q4 revenue of $1.0B-$1.2B and full-year guidance was updated.

AGNT reported Q3 2026 revenue of $1.39B, meeting estimates, but EPS and EBITDA missed. Full-year sales guidance of $1.1B midpoint is below expectations. Operating and free cash flow margins were steady year-over-year, according to S&P.

Exp World (AGNT) reported Q3 earnings, noting 44% of new agents joined teams, which are 77% more productive. North American revenue rose 5% to $1.3B, while international revenue increased 27% to $51.7M. The company has $111.4M in cash and is debt-free. AGNT discussed technology initiatives and a joint venture, Revenos Mortgage, expected in early 2027.