Exp World Holdings, Inc. (NASDAQ:AGNT) Receives $7.67 Consensus Target Price from Brokerages

Exp World Holdings, Inc. (NASDAQ:AGNT) has been given an average rating of “Hold” by the five research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $7.6667.

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

Institutional Trading of Exp World

Several large investors have recently modified their holdings of AGNT. Root Financial Partners LLC acquired a new stake in shares of Exp World during the 4th quarter worth approximately $25,000. PNC Financial Services Group Inc. grew its position in shares of Exp World by 139.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after buying an additional 1,998 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Exp World during the 4th quarter worth approximately $37,000. Jones Financial Companies Lllp lifted its holdings in shares of Exp World by 73.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,516 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,856 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Exp World Stock Performance

NASDAQ:AGNT opened at $4.70 on Thursday. The company has a market capitalization of $772.32 million, a PE ratio of -47.00 and a beta of 2.11. The company has a 50 day simple moving average of $5.63 and a two-hundred day simple moving average of $7.58. Exp World has a fifty-two week low of $4.50 and a fifty-two week high of $12.23.

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

Exp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.20 annualized dividend and a dividend yield of 4.3%. Exp World’s dividend payout ratio (DPR) is -200.00%.

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.