Exp World Holdings, Inc. (NASDAQ:AGNT) Receives $5.17 Consensus Target Price from Brokerages

Exp World Holdings, Inc. (NASDAQ:AGNT) has earned a consensus recommendation of “Reduce” from the five brokerages that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $5.1667.

AGNT has been the subject of a number of recent research reports. Wall Street Zen raised shares of Exp World to a “hold” rating in a research note on Sunday, May 10th. Zacks Research cut shares of Exp World from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Weiss Ratings downgraded shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday. Benchmark dropped their price target on Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Finally, DA Davidson dropped their price target on Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a research report on Wednesday, August 5th.

Exp World Stock Performance

Shares of AGNT stock opened at $4.57 on Tuesday. The stock has a fifty day simple moving average of $4.58 and a two-hundred day simple moving average of $5.65. The firm has a market capitalization of $750.94 million, a PE ratio of -41.55 and a beta of 2.09. Exp World has a 52-week low of $3.68 and a 52-week high of $12.23.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings results on Friday, August 7th. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.Exp World’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, sell-side analysts forecast that Exp World will post -0.07 EPS for the current fiscal year.

Exp World Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Friday, August 14th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.4%. Exp World’s dividend payout ratio is currently -181.82%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AGNT. UBS Group AG grew its holdings in Exp World by 81.7% during the fourth quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock worth $16,093,000 after acquiring an additional 799,587 shares during the period. Vanguard Group Inc. lifted its holdings in Exp World by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock valued at $127,725,000 after acquiring an additional 690,694 shares during the period. OP Asset Management Ltd purchased a new stake in Exp World in the 1st quarter worth approximately $2,451,000. Northwestern Mutual Wealth Management Co. boosted its position in Exp World by 106,586.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 213,372 shares of the technology company’s stock worth $1,931,000 after purchasing an additional 213,172 shares in the last quarter. Finally, WINTON GROUP Ltd boosted its position in Exp World by 5.2% in the 4th quarter. WINTON GROUP Ltd now owns 104,623 shares of the technology company’s stock worth $947,000 after purchasing an additional 5,214 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors.

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.