Exp World Holdings, Inc. (NASDAQ:AGNT) Receives Consensus Recommendation of “Hold” from Analysts

Exp World Holdings, Inc. (NASDAQ:AGNT) has been given a consensus rating of “Hold” by the five research firms that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $7.6667.

A number of equities analysts have commented on AGNT shares. Zelman & Associates started coverage on shares of Exp World in a report on Friday, March 20th. They issued an “underperform” rating and a $4.75 target price for the company. DA Davidson reduced their target price on shares of Exp World from $11.00 to $10.25 and set a “buy” rating for the company in a report on Tuesday, May 12th. Benchmark started coverage on shares of Exp World in a report on Thursday, March 26th. They issued a “buy” rating and a $8.00 target price for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Exp World to a “hold” rating in a report on Sunday, May 10th.

Exp World Price Performance

AGNT stock opened at $4.58 on Thursday. The company has a market capitalization of $752.59 million, a P/E ratio of -45.80 and a beta of 2.11. The business has a 50-day moving average price of $5.76 and a 200 day moving average price of $7.78. Exp World has a 1-year low of $4.50 and a 1-year high of $12.23.

Exp World (NASDAQ:AGNT) last announced its earnings results on Monday, May 11th. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $971.32 million. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. On average, analysts anticipate that Exp World will post 0.08 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 4.4%. Exp World’s dividend payout ratio is presently -200.00%.

Institutional Investors Weigh In On Exp World

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Exp World by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock valued at $127,725,000 after buying an additional 690,694 shares during the last quarter. State Street Corp grew its holdings in shares of Exp World by 4.6% during the fourth quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock valued at $29,856,000 after buying an additional 145,657 shares during the last quarter. Bank of America Corp DE boosted its position in Exp World by 73.3% in the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock valued at $29,934,000 after buying an additional 1,391,582 shares during the last quarter. Renaissance Technologies LLC boosted its position in Exp World by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock valued at $24,043,000 after buying an additional 116,900 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in 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 valued at $21,891,000 after buying an additional 38,134 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

About Exp World

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.