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

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) have received a consensus recommendation of “Hold” from the five analysts that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.6667.

A number of research firms have issued reports on AGNT. DA Davidson cut their target price 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 note on Thursday, March 26th. They issued a “buy” rating and a $8.00 price target on the stock. Wall Street Zen upgraded Exp World to a “hold” rating in a report on Sunday, May 10th. Zelman & Associates began coverage on Exp World in a research report on Friday, March 20th. They set an “underperform” rating and a $4.75 price objective for the company. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th.

Exp World Stock Performance

Exp World stock opened at $5.69 on Monday. The company has a 50 day moving average price of $5.31 and a 200 day moving average price of $6.93. Exp World has a 52 week low of $4.50 and a 52 week high of $12.23. The firm has a market capitalization of $934.98 million, a price-to-earnings ratio of -56.89 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last announced its earnings results 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. The company had revenue of $1.01 billion for 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%. Equities analysts forecast that Exp World will post 0.08 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Friday, May 22nd. Exp World’s payout ratio is currently -200.00%.

Institutional Investors Weigh In On Exp World

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Exp World by 13.1% during the third quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company’s stock valued at $143,084,000 after acquiring an additional 1,557,600 shares during the period. Bank of America Corp DE boosted its stake in 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 period. UBS Group AG grew its holdings in Exp World by 81.7% in the 4th quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock valued at $16,093,000 after buying an additional 799,587 shares during the last quarter. Millennium Management LLC grew its holdings in Exp World by 126.7% in the 1st quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock valued at $8,856,000 after buying an additional 506,121 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Exp World by 55.8% during the second quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock worth $10,720,000 after buying an additional 421,740 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

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.