Exp World Holdings, Inc. (NASDAQ:AGNT) Given Consensus Recommendation of “Hold” by Brokerages

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

A number of analysts recently issued reports on the company. DA Davidson dropped their price objective on Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Zelman & Associates assumed coverage on Exp World in a report on Friday, March 20th. They set an “underperform” rating and a $4.75 price objective on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a report on Wednesday, May 27th. Wall Street Zen raised Exp World to a “hold” rating in a report on Sunday, May 10th. Finally, Benchmark began coverage on Exp World in a report on Thursday, March 26th. They issued a “buy” rating and a $8.00 price target on the stock.

Exp World Stock Performance

Shares of AGNT opened at $5.55 on Monday. The stock’s 50-day simple moving average is $5.37 and its 200 day simple moving average is $7.04. The stock has a market capitalization of $911.98 million, a price-to-earnings ratio of -55.49 and a beta of 2.11. Exp World has a 52-week low of $4.50 and a 52-week high of $12.23.

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

Exp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.20 annualized dividend and a dividend yield of 3.6%. Exp World’s dividend payout ratio (DPR) is presently -200.00%.

Institutional Trading of Exp World

Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its position in shares of Exp World by 13.1% during the 3rd quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company’s stock valued at $143,084,000 after purchasing an additional 1,557,600 shares during the last quarter. Bank of America Corp DE increased its position in shares of Exp World by 73.3% during the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock valued at $29,934,000 after purchasing an additional 1,391,582 shares during the last quarter. UBS Group AG increased its position in shares of Exp World by 81.7% during the 4th quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock valued at $16,093,000 after purchasing an additional 799,587 shares during the last quarter. Millennium Management LLC increased its position in shares of Exp World by 126.7% during the 1st quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock valued at $8,856,000 after purchasing an additional 506,121 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Exp World by 55.8% during the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock valued at $10,720,000 after purchasing an additional 421,740 shares during the last quarter. Hedge funds and other 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.