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

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) have earned an average recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $6.4167.

AGNT has been the topic of a number of research analyst reports. 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. Zelman & Associates began coverage on Exp World in a report on Friday, March 20th. They issued an “underperform” rating and a $4.75 price objective for the company. Benchmark started coverage on Exp World in a research report on Thursday, March 26th. They set a “buy” rating and a $8.00 price objective on the stock. Finally, DA Davidson reissued a “neutral” rating and set a $6.50 price objective (down from $10.25) on shares of Exp World in a report on Thursday.

Institutional Investors Weigh In On Exp World

Hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC purchased a new stake in shares of Exp World in the 4th quarter valued at $25,000. PNC Financial Services Group Inc. raised its position in Exp World by 139.6% in the 4th 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 period. Kemnay Advisory Services Inc. purchased a new position in Exp World in the 4th quarter worth $37,000. Geneos Wealth Management Inc. lifted its stake in Exp World by 41.2% in 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 last quarter. Finally, CWM LLC lifted its stake in 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.

Exp World Price Performance

AGNT stock opened at $5.32 on Monday. The firm has a 50 day simple moving average of $5.26 and a two-hundred day simple moving average of $6.86. The stock has a market cap of $874.18 million, a PE ratio of -53.19 and a beta of 2.06. Exp World has a one year low of $4.50 and a one year high of $12.23.

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

Exp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date was Friday, May 22nd. Exp World’s dividend payout ratio (DPR) is presently -200.00%.

Exp World Company Profile

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.