Exp World (NASDAQ:AGNT) Shares Up 7.2% – Still a Buy?

Exp World Holdings, Inc. (NASDAQ:AGNT)’s share price was up 7.2% during trading on Wednesday . The company traded as high as $4.60 and last traded at $4.59. 229,792 shares were traded during trading, a decline of 80% from the average session volume of 1,152,776 shares. The stock had previously closed at $4.28.

Analysts Set New Price Targets

AGNT has been the topic of several analyst reports. Zelman & Associates initiated coverage on Exp World in a research note on Friday, March 20th. They issued an “underperform” rating and a $4.75 target price on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. DA Davidson reiterated a “neutral” rating and issued a $6.50 price target (down from $10.25) on shares of Exp World in a research report on Thursday, July 2nd. Benchmark began coverage on shares of Exp World in a research note on Thursday, March 26th. They set a “buy” rating and a $8.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Exp World to a “hold” rating in a report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $6.42.

Exp World Stock Up 6.1%

The company has a fifty day simple moving average of $5.03 and a two-hundred day simple moving average of $6.61. The stock has a market capitalization of $746.01 million, a P/E ratio of -45.40 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last announced its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share (EPS) 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 the consensus estimate of $971.32 million. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%. As a group, equities analysts forecast that Exp World Holdings, Inc. will post 0.08 earnings per share for the current year.

Exp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors 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 4.4%. The ex-dividend date of this dividend was Friday, May 22nd. Exp World’s dividend payout ratio is presently -200.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AGNT. Thrivent Financial for Lutherans raised its position in shares of Exp World by 1.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock valued at $575,000 after buying an additional 1,126 shares in the last quarter. Raymond James Financial Inc. increased its stake in Exp World by 14.6% in the third quarter. Raymond James Financial Inc. now owns 11,609 shares of the technology company’s stock valued at $124,000 after acquiring an additional 1,475 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after purchasing an additional 1,856 shares in the last quarter. Illinois Municipal Retirement Fund lifted its stake in Exp World by 3.6% during the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after purchasing an additional 1,872 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in 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 worth $31,000 after purchasing an additional 1,998 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

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.