Exp World (NASDAQ:AGNT) Trading Up 7.2% – Time to Buy?

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) rose 7.2% on Wednesday . The stock traded as high as $4.60 and last traded at $4.59. Approximately 229,792 shares were traded during trading, a decline of 80% from the average daily volume of 1,152,776 shares. The stock had previously closed at $4.28.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AGNT. 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 target for the company. DA Davidson reaffirmed a “neutral” rating and set a $6.50 price objective (down from $10.25) on shares of Exp World in a research report on Thursday, July 2nd. Zelman & Associates assumed coverage on Exp World in a research report on Friday, March 20th. They issued an “underperform” rating and a $4.75 target price on the stock. Wall Street Zen upgraded Exp World to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Exp World presently has an average rating of “Hold” and a consensus target price of $6.42.

Exp World Stock Up 2.6%

The company’s 50-day moving average price is $4.95 and its 200-day moving average price is $6.54. The firm has a market cap of $769.02 million, a price-to-earnings ratio of -46.80 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last announced its quarterly earnings data 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. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $971.32 million. On average, sell-side analysts predict that Exp World Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Exp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.05 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.20 annualized dividend and a dividend yield of 4.3%. Exp World’s payout ratio is -200.00%.

Institutional Trading of Exp World

Several hedge funds have recently modified their holdings of AGNT. Thrivent Financial for Lutherans boosted its holdings in Exp World by 1.8% in the second quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock valued at $575,000 after purchasing an additional 1,126 shares during the period. Raymond James Financial Inc. increased its holdings in Exp World by 14.6% during the 3rd quarter. Raymond James Financial Inc. now owns 11,609 shares of the technology company’s stock worth $124,000 after purchasing an additional 1,475 shares during the period. Geneos Wealth Management Inc. increased its holdings in Exp World by 41.2% during 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 during the period. Illinois Municipal Retirement Fund raised its position in Exp World by 3.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock valued at $324,000 after purchasing an additional 1,872 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Exp World by 139.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,998 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.