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

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) have received an average recommendation of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $6.4167.

Several research analysts have recently commented on AGNT shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Benchmark began coverage on Exp World in a research report on Thursday, March 26th. They set a “buy” rating and a $8.00 price target on the stock. DA Davidson restated a “neutral” rating and set a $6.50 price objective (down from $10.25) on shares of Exp World in a research note on Thursday, July 2nd. Finally, Wall Street Zen upgraded Exp World to a “hold” rating in a research note on Sunday, May 10th.

Exp World Stock Performance

NASDAQ:AGNT opened at $3.87 on Friday. The company has a market capitalization of $635.92 million, a price-to-earnings ratio of -38.70 and a beta of 2.06. Exp World has a one year low of $3.85 and a one year high of $12.23. The stock has a 50-day simple moving average of $4.82 and a 200 day simple moving average of $6.37.

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

Institutional Trading of Exp World

A number of institutional investors and hedge funds have recently modified their holdings of the business. Royal Bank of Canada boosted its holdings in shares of Exp World by 14.0% in the 1st quarter. Royal Bank of Canada now owns 212,604 shares of the technology company’s stock valued at $2,079,000 after buying an additional 26,118 shares during the period. AQR Capital Management LLC acquired a new stake in Exp World during the first quarter worth about $180,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Exp World by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company’s stock worth $476,000 after acquiring an additional 2,042 shares during the period. Millennium Management LLC raised its stake in Exp World by 126.7% during the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock worth $8,856,000 after acquiring an additional 506,121 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Exp World by 21.5% in the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock valued at $6,086,000 after acquiring an additional 109,995 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

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.