Brokerages Set Exp World Holdings, Inc. (NASDAQ:AGNT) Price Target at $6.42

Exp World Holdings, Inc. (NASDAQ:AGNT) has been assigned a consensus rating of “Hold” from the five ratings firms that are covering the firm, Marketbeat.com reports. Two investment 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 target among brokerages that have updated their coverage on the stock in the last year is $6.4167.

A number of equities research analysts have commented on AGNT shares. Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. DA Davidson reissued a “neutral” rating and issued a $6.50 target price (down from $10.25) on shares of Exp World in a report on Thursday, July 2nd. Finally, Wall Street Zen raised Exp World to a “hold” rating in a report on Sunday, May 10th.

Exp World Stock Performance

NASDAQ:AGNT opened at $4.05 on Friday. Exp World has a 12-month low of $3.85 and a 12-month high of $12.23. The firm has a market cap of $665.50 million, a PE ratio of -40.50 and a beta of 2.06. The stock has a fifty day moving average price of $4.80 and a 200 day moving average price of $6.33.

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

Institutional Trading of Exp World

Hedge funds and other institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new position in Exp World during the fourth quarter worth approximately $25,000. PNC Financial Services Group Inc. boosted its stake in shares of Exp World by 139.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after buying an additional 1,998 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Exp World during the fourth quarter worth about $37,000. Geneos Wealth Management Inc. grew its holdings in shares of Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after buying an additional 1,856 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of Exp World by 632.6% during the fourth quarter. CWM LLC now owns 9,070 shares of the technology company’s stock worth $82,000 after buying an additional 7,832 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

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.