Exp World (NASDAQ:AGNT) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Exp World (NASDAQ:AGNT) to a hold rating in a research note released on Sunday.

Several other equities analysts have also commented on AGNT. DA Davidson set a $11.00 price target on Exp World in a research report on Thursday, February 26th. Benchmark initiated coverage on Exp World in a report on Thursday, March 26th. They issued a “buy” rating and a $8.00 price objective on the stock. Finally, Zelman & Associates assumed coverage on Exp World in a report on Friday, March 20th. They set an “underperform” rating and a $4.75 target price for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exp World currently has an average rating of “Hold” and a consensus price target of $7.92.

Exp World Price Performance

AGNT opened at $6.60 on Friday. The business’s fifty day simple moving average is $6.29 and its 200 day simple moving average is $8.53. Exp World has a 52 week low of $5.66 and a 52 week high of $12.23. The firm has a market cap of $1.07 billion, a P/E ratio of -47.14 and a beta of 2.20.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings results on Tuesday, February 24th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Exp World had a negative return on equity of 10.00% and a negative net margin of 0.48%.The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS. As a group, equities analysts expect that Exp World will post 0.06 EPS for the current fiscal year.

Exp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 9th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, March 9th. This represents a $0.20 annualized dividend and a yield of 3.0%. Exp World’s dividend payout ratio (DPR) is -142.86%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Commonwealth Financial Services LLC acquired a new stake in shares of Exp World during the 1st quarter worth approximately $111,000. SEB Asset Management AB acquired a new position in Exp World during the 1st quarter valued at approximately $587,000. Illinois Municipal Retirement Fund grew its stake in Exp World by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after buying an additional 1,872 shares during the last quarter. Fifth Third Bancorp grew its stake in Exp World by 2,697.1% during the 1st quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock worth $129,000 after buying an additional 20,687 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Exp World in the first quarter worth $241,000. 27.17% of the stock is currently owned by institutional investors.

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.