DA Davidson Has Lowered Expectations for Exp World (NASDAQ:AGNT) Stock Price

Exp World (NASDAQ:AGNT) had its target price dropped by equities research analysts at DA Davidson from $11.00 to $10.25 in a report released on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. DA Davidson’s price objective would indicate a potential upside of 104.59% from the company’s current price.

Several other research firms have also weighed in on AGNT. Benchmark began coverage on shares of Exp World in a research note on Thursday, March 26th. They issued a “buy” rating and a $8.00 price objective on the stock. Wall Street Zen upgraded shares of Exp World to a “hold” rating in a research note on Sunday. Finally, Zelman & Associates began coverage on shares of Exp World in a research note on Friday, March 20th. They issued an “underperform” rating and a $4.75 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.67.

Exp World Stock Performance

Shares of NASDAQ:AGNT opened at $5.01 on Tuesday. The company has a market cap of $823.24 million, a PE ratio of -50.09 and a beta of 2.20. The firm has a 50 day simple moving average of $6.19 and a 200 day simple moving average of $8.39. Exp World has a 52 week low of $5.01 and a 52 week high of $12.23.

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

Hedge Funds Weigh In On Exp World

A number of institutional investors have recently added to or reduced their stakes in AGNT. Root Financial Partners LLC acquired a new stake in shares of Exp World during the fourth quarter valued at about $25,000. PNC Financial Services Group Inc. raised its stake in shares of Exp World by 139.6% during 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 during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Exp World by 73.4% during 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 during the last quarter. Kemnay Advisory Services Inc. bought a new position in shares of Exp World during the fourth quarter valued at $37,000. Finally, Geneos Wealth Management Inc. raised its stake in shares of 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 acquiring an additional 1,856 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.