Exp World (NASDAQ:AGNT) Announces Quarterly Earnings Results

Exp World (NASDAQ:AGNT) posted its quarterly earnings results on Tuesday. The technology company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.04), FiscalAI reports. The company had revenue of $1.45 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%.

Exp World Stock Up 2.9%

Shares of Exp World stock traded up $0.12 on Tuesday, reaching $4.22. The company’s stock had a trading volume of 1,816,357 shares, compared to its average volume of 1,209,833. The company has a market capitalization of $693.43 million, a P/E ratio of -42.20 and a beta of 2.09. The stock has a 50-day moving average price of $4.70 and a 200-day moving average price of $6.10. Exp World has a 52-week low of $3.68 and a 52-week high of $12.23.

Wall Street Analyst Weigh In

AGNT has been the topic of several recent research reports. DA Davidson reiterated 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. Wall Street Zen raised Exp World to a “hold” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a report on Wednesday, May 27th. 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 MarketBeat, Exp World currently has a consensus rating of “Hold” and a consensus price target of $6.42.

Hedge Funds Weigh In On Exp World

Large investors have recently added to or reduced their stakes in the stock. Stonebridge Capital Advisors LLC raised its stake in Exp World by 15.5% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 17,025 shares of the technology company’s stock valued at $154,000 after purchasing an additional 2,279 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Exp World in the fourth quarter valued at about $157,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of Exp World in the third quarter worth about $135,000. Oxford Asset Management LLP acquired a new position in Exp World during the second quarter worth about $160,000. Finally, EverSource Wealth Advisors LLC grew its stake in Exp World by 14.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 15,948 shares of the technology company’s stock valued at $145,000 after acquiring an additional 2,053 shares in 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.