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

Exp World Holdings, Inc. (NASDAQ:AGNT) has been assigned an average recommendation of “Hold” from the five ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $7.6667.

A number of equities research analysts recently issued reports on AGNT shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. 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 for the company. DA Davidson dropped their price objective on shares of Exp World from $11.00 to $10.25 and set a “buy” rating for the company in a research note on Tuesday, May 12th. Wall Street Zen raised shares of Exp World to a “hold” rating in a research note on Sunday, May 10th. Finally, Zelman & Associates began coverage on shares of Exp World in a research note on Friday, March 20th. They set an “underperform” rating and a $4.75 price objective for the company.

Exp World Price Performance

Exp World stock opened at $4.58 on Thursday. The stock has a market cap of $752.59 million, a P/E ratio of -45.80 and a beta of 2.11. Exp World has a 1 year low of $4.50 and a 1 year high of $12.23. The firm’s 50 day moving average price is $5.76 and its 200-day moving average price is $7.78.

Exp World (NASDAQ:AGNT) last announced 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 for 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 expect that Exp World will post 0.08 EPS for the current year.

Exp World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend is Friday, May 22nd. Exp World’s payout ratio is currently -200.00%.

Institutional Trading of Exp World

Large investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new stake in shares of Exp World during the fourth quarter valued at $25,000. PNC Financial Services Group Inc. raised its holdings in shares of 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 valued at $31,000 after acquiring an additional 1,998 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Exp World in the fourth quarter valued at about $37,000. Jones Financial Companies Lllp raised its holdings in shares of Exp World by 73.4% in the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,516 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Exp World by 41.2% in the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after acquiring an additional 1,856 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

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.