DA Davidson Cuts Exp World (NASDAQ:AGNT) Price Target to $4.75

Exp World (NASDAQ:AGNT) had its target price cut by DA Davidson from $6.50 to $4.75 in a research note released on Wednesday morning,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other equities analysts have also commented on the stock. Wall Street Zen raised shares of Exp World to a “hold” rating in a research report on Sunday, May 10th. Benchmark lowered their target price on shares of Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $5.17.

Exp World Trading Up 6.3%

AGNT opened at $4.39 on Wednesday. The stock’s fifty day simple moving average is $4.65 and its 200 day simple moving average is $5.98. Exp World has a 1-year low of $3.68 and a 1-year high of $12.23. The stock has a market cap of $721.36 million, a PE ratio of -39.91 and a beta of 2.09.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings data on Friday, August 7th. The technology company reported ($0.02) earnings per share (EPS) 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%.The business’s revenue was up 10.7% compared to the same quarter last year. Equities analysts forecast that Exp World will post -0.07 earnings per share for the current 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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Friday, August 14th. Exp World’s payout ratio is presently -181.82%.

Institutional Investors Weigh In On Exp World

Institutional investors have recently added to or reduced their stakes in the business. Citizens Financial Group Inc. RI bought a new stake in Exp World during the 2nd quarter valued at $279,000. Commonwealth Financial Services LLC bought a new position in Exp World in the 1st quarter worth about $111,000. SEB Asset Management AB purchased a new position in Exp World during the 1st quarter valued at about $587,000. Illinois Municipal Retirement Fund grew its holdings in Exp World by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock valued at $324,000 after buying an additional 1,872 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in shares of Exp World by 2,697.1% during the first quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock valued at $129,000 after buying an additional 20,687 shares during the period. 27.17% of the stock is owned by hedge funds and other institutional investors.

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.