Benchmark Cuts Exp World (NASDAQ:AGNT) Price Target to $6.00

Exp World (NASDAQ:AGNT) had its price objective lowered by Benchmark from $8.00 to $6.00 in a research report report published on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a report on Wednesday, May 27th. Wall Street Zen raised Exp World to a “hold” rating in a research note on Sunday, May 10th. Finally, DA Davidson restated a “neutral” rating and set a $6.50 target price (down from $10.25) on shares of Exp World in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Exp World currently has an average rating of “Reduce” and an average target price of $5.17.

Exp World Price Performance

Shares of AGNT stock opened at $4.39 on Wednesday. The company has a market cap of $721.36 million, a P/E ratio of -39.91 and a beta of 2.09. Exp World has a one year low of $3.68 and a one year high of $12.23. The firm has a 50-day moving average of $4.65 and a 200-day moving average of $5.98.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings results on Friday, August 7th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates 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 quarterly revenue was up 10.7% on a year-over-year basis. As a group, research analysts expect that Exp World will post -0.07 earnings per share for the current fiscal year.

Exp World Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.05 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.20 annualized dividend and a yield of 4.6%. Exp World’s payout ratio is presently -181.82%.

Institutional Investors Weigh In On Exp World

Several institutional investors and hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of Exp World by 14.0% in the 1st quarter. Royal Bank of Canada now owns 212,604 shares of the technology company’s stock valued at $2,079,000 after purchasing an additional 26,118 shares during the period. AQR Capital Management LLC purchased a new stake in Exp World in the first quarter worth $180,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Exp World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company’s stock worth $476,000 after purchasing an additional 2,042 shares during the period. Millennium Management LLC raised its holdings in Exp World by 126.7% in the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock worth $8,856,000 after purchasing an additional 506,121 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Exp World by 21.5% in the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock worth $6,086,000 after purchasing an additional 109,995 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

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.