Exp World Holdings, Inc. (NASDAQ:AGNT) Receives Consensus Recommendation of “Hold” from Analysts

Exp World Holdings, Inc. (NASDAQ:AGNT) has been assigned an average rating of “Hold” from the five analysts that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $7.6667.

A number of research firms have weighed in on AGNT. 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 target for the company. Wall Street Zen raised Exp World to a “hold” rating in a research report on Sunday, May 10th. Benchmark began coverage on Exp World in a research report on Thursday, March 26th. They set a “buy” rating and a $8.00 price target for the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Finally, DA Davidson dropped their price objective on Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, May 12th.

Institutional Investors Weigh In On Exp World

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Commonwealth Financial Services LLC bought a new stake in shares of Exp World during the 1st quarter worth approximately $111,000. SEB Asset Management AB bought a new stake in shares of Exp World during the 1st quarter worth approximately $587,000. Illinois Municipal Retirement Fund raised its stake in shares of Exp World by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after purchasing an additional 1,872 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Exp World by 2,697.1% during the 1st quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock worth $129,000 after purchasing an additional 20,687 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Exp World during the 1st quarter worth approximately $241,000. Institutional investors own 27.17% of the company’s stock.

Exp World Stock Down 0.4%

NASDAQ:AGNT opened at $4.73 on Thursday. Exp World has a twelve month low of $4.50 and a twelve month high of $12.23. The business has a 50 day moving average price of $5.68 and a two-hundred day moving average price of $7.66. The company has a market cap of $777.23 million, a P/E ratio of -47.30 and a beta of 2.11.

Exp World (NASDAQ:AGNT) last released its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%.The firm had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $971.32 million. As a group, analysts anticipate that Exp World will post 0.08 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.05 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.2%. Exp World’s dividend payout ratio is currently -200.00%.

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.