Brokerages Set Exp World Holdings, Inc. (NASDAQ:AGNT) PT at $5.17

Exp World Holdings, Inc. (NASDAQ:AGNT) has been given an average rating of “Reduce” by the five analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $5.1667.

AGNT has been the subject of several research analyst reports. DA Davidson dropped their target price on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a research report on Wednesday, August 5th. Wall Street Zen raised Exp World to a “hold” rating in a report on Sunday, May 10th. Benchmark cut their price objective on Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Zacks Research downgraded Exp World from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Finally, Weiss Ratings upgraded Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, August 5th.

Institutional Investors Weigh In On Exp World

Several institutional investors and hedge funds have recently bought and sold shares of the business. Root Financial Partners LLC bought a new position in Exp World during the 4th quarter worth $25,000. PNC Financial Services Group Inc. increased its holdings in shares of 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 worth $31,000 after acquiring an additional 1,998 shares during the period. Kemnay Advisory Services Inc. bought a new stake in Exp World in the 4th quarter valued at about $37,000. Geneos Wealth Management Inc. boosted its stake 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 valued at $62,000 after purchasing an additional 1,856 shares during the period. Finally, Philadelphia Investment Partners LLC acquired a new position in Exp World during the 2nd quarter valued at about $46,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

Exp World Stock Down 4.4%

Shares of AGNT opened at $4.53 on Tuesday. The firm has a market cap of $744.39 million, a price-to-earnings ratio of -41.18 and a beta of 2.09. The business’s 50 day moving average is $4.58 and its two-hundred day moving average is $5.66. Exp World has a 52-week low of $3.68 and a 52-week high of $12.23.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings results 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 net margin of 0.35% and a negative return on equity of 5.43%. The business’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts expect that Exp World will post -0.07 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.05 per share. The ex-dividend date is Friday, August 14th. This represents a $0.20 annualized dividend and a yield of 4.4%. Exp World’s payout ratio is presently -181.82%.

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.