Exp World (NASDAQ:AGNT) Shares Gap Up – Should You Buy?

Exp World Holdings, Inc. (NASDAQ:AGNT) shares gapped up before the market opened on Monday . The stock had previously closed at $4.52, but opened at $4.70. Exp World shares last traded at $4.56, with a volume of 53,957 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. Wall Street Zen raised Exp World to a “hold” rating in a research note on Sunday, May 10th. DA Davidson restated a “neutral” rating and set a $6.50 target price (down from $10.25) on shares of Exp World in a report on Thursday, July 2nd. Zelman & Associates initiated coverage on Exp World in a research report on Friday, March 20th. They set an “underperform” rating and a $4.75 target price for the company. Finally, Benchmark assumed coverage on Exp World in a research note on Thursday, March 26th. They issued a “buy” rating and a $8.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Exp World has a consensus rating of “Hold” and a consensus price target of $6.42.

Exp World Stock Down 5.3%

The company has a market capitalization of $703.29 million, a P/E ratio of -42.80 and a beta of 2.06. The business has a fifty day moving average price of $5.03 and a 200 day moving average price of $6.61.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $971.32 million. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. As a group, equities analysts forecast that Exp World Holdings, Inc. will post 0.08 earnings per share for the current year.

Exp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Friday, May 22nd. Exp World’s dividend payout ratio (DPR) is -200.00%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Root Financial Partners LLC acquired a new stake in Exp World during the 4th quarter worth approximately $25,000. PNC Financial Services Group Inc. raised its stake in shares of Exp World by 139.6% during the fourth 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 position in shares of Exp World during the fourth quarter worth $37,000. Geneos Wealth Management Inc. lifted its holdings in shares of Exp World by 41.2% during the first 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 during the period. Finally, CWM LLC grew its stake in shares of Exp World by 632.6% in the fourth quarter. CWM LLC now owns 9,070 shares of the technology company’s stock worth $82,000 after purchasing an additional 7,832 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.