Exp World (NASDAQ:AGNT) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Exp World (NASDAQ:AGNT) announced its quarterly earnings data on Friday. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10), Briefing.com reports. Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. The business’s revenue was up 10.7% on a year-over-year basis.

Exp World Stock Up 6.3%

Shares of NASDAQ:AGNT opened at $4.39 on Friday. The stock has a market cap of $721.36 million, a PE ratio of -39.91 and a beta of 2.09. Exp World has a 52 week low of $3.68 and a 52 week high of $12.23. The company’s fifty day moving average is $4.65 and its 200 day moving average is $5.98.

Exp World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.20 annualized dividend and a yield of 4.6%. Exp World’s dividend payout ratio is currently -181.82%.

Institutional Trading of Exp World

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its position in Exp World by 1.8% during the second quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock valued at $575,000 after acquiring an additional 1,126 shares during the last quarter. Raymond James Financial Inc. increased its stake in shares of Exp World by 14.6% in the 3rd quarter. Raymond James Financial Inc. now owns 11,609 shares of the technology company’s stock worth $124,000 after purchasing an additional 1,475 shares in the last quarter. Geneos Wealth Management Inc. lifted 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. PNC Financial Services Group Inc. increased its position in Exp World by 139.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after buying an additional 1,998 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Exp World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company’s stock worth $476,000 after buying an additional 2,042 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Zacks Research lowered shares of Exp World from a “hold” rating to a “strong sell” rating in a research note on Thursday. Weiss Ratings raised shares of Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. DA Davidson decreased their target price on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research note on Wednesday. Wall Street Zen upgraded Exp World to a “hold” rating in a research report on Sunday, May 10th. Finally, Benchmark cut their price target on Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $5.17.

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.