Exp World Holdings, Inc. (NASDAQ:AGNT) Receives $7.67 Consensus PT from Analysts

Exp World Holdings, Inc. (NASDAQ:AGNT) has received a consensus rating of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $7.6667.

AGNT has been the topic of a number of analyst reports. Benchmark initiated coverage on Exp World in a research report on Thursday, March 26th. They set a “buy” rating and a $8.00 price target 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 Exp World to a “hold” rating in a research report on Sunday, May 10th. Zelman & Associates initiated coverage on Exp World in a research report on Friday, March 20th. They set an “underperform” rating and a $4.75 price target on the stock. Finally, DA Davidson reduced their price target on Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, May 12th.

Exp World Trading Down 0.6%

Exp World stock opened at $4.75 on Thursday. Exp World has a 12 month low of $4.50 and a 12 month high of $12.23. The stock’s 50 day moving average is $5.71 and its 200-day moving average is $7.72. The company has a market capitalization of $780.52 million, a price-to-earnings ratio of -47.50 and a beta of 2.11.

Exp World (NASDAQ:AGNT) last posted its earnings results on Monday, May 11th. The technology company reported ($0.03) 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 return on equity of 7.05% and a negative net margin of 0.35%. As a group, equities research analysts predict that Exp World will post 0.08 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors 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 dividend on an annualized basis and a yield of 4.2%. Exp World’s dividend payout ratio is currently -200.00%.

Institutional Investors Weigh In On Exp World

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Exp World by 5.1% during the fourth quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock worth $127,725,000 after buying an additional 690,694 shares in the last quarter. State Street Corp boosted its holdings in shares of Exp World by 4.6% in the 4th quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock valued at $29,856,000 after purchasing an additional 145,657 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Exp World by 73.3% in 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 in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Exp World by 4.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock valued at $24,043,000 after purchasing an additional 116,900 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Exp World by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock valued at $21,891,000 after purchasing an additional 38,134 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

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.