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

Exp World Holdings, Inc. (NASDAQ:AGNT) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.4167.

A number of research firms have weighed in on AGNT. Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. Zelman & Associates began coverage on Exp World in a report on Friday, March 20th. They issued an “underperform” rating and a $4.75 price objective for the company. DA Davidson reissued a “neutral” rating and issued a $6.50 target price (down from $10.25) on shares of Exp World in a research note on Thursday. Wall Street Zen upgraded shares of Exp World to a “hold” rating in a report on Sunday, May 10th. Finally, Benchmark began coverage on shares of Exp World in a report on Thursday, March 26th. They set a “buy” rating and a $8.00 target price on the stock.

Institutional Investors Weigh In On Exp World

Institutional investors and hedge funds have recently modified their holdings of the company. Commonwealth Financial Services LLC acquired a new stake in Exp World in the 1st quarter valued at about $111,000. SEB Asset Management AB bought a new stake in Exp World in the first quarter valued at approximately $587,000. Illinois Municipal Retirement Fund raised its stake in Exp World by 3.6% in the first 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 during the period. Fifth Third Bancorp raised its stake in Exp World by 2,697.1% in 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. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Exp World in the first quarter valued at approximately $241,000. 27.17% of the stock is owned by institutional investors.

Exp World Price Performance

Shares of NASDAQ AGNT opened at $5.32 on Monday. The stock has a market capitalization of $874.18 million, a price-to-earnings ratio of -53.19 and a beta of 2.06. The business has a 50-day moving average of $5.26 and a 200-day moving average of $6.88. Exp World has a fifty-two week low of $4.50 and a fifty-two week high of $12.23.

Exp World (NASDAQ:AGNT) last released its earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $971.32 million. On average, sell-side analysts expect that Exp World will post 0.08 EPS for the current year.

Exp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 22nd. Exp World’s dividend payout ratio (DPR) is -200.00%.

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.