Exp World Holdings, Inc. (NASDAQ:AGNT) Receives $5.17 Consensus Target Price from Analysts

Exp World Holdings, Inc. (NASDAQ:AGNT) has been assigned a consensus recommendation of “Reduce” from the five ratings firms that are covering the firm, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.1667.

Several equities analysts recently issued reports on the company. Wall Street Zen raised Exp World to a “hold” rating in a research report on Sunday, May 10th. Zacks Research lowered Exp World from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Weiss Ratings cut Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research note on Thursday. DA Davidson lowered their price target on Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Finally, Benchmark dropped their price objective on Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th.

Exp World Stock Performance

NASDAQ:AGNT opened at $4.55 on Tuesday. The firm has a market cap of $747.66 million, a P/E ratio of -41.36 and a beta of 2.09. Exp World has a fifty-two week low of $3.68 and a fifty-two week high of $12.23. The firm has a 50-day simple moving average of $4.58 and a two-hundred day simple moving average of $5.60.

Exp World (NASDAQ:AGNT) last issued its 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 return on equity of 5.43% and a negative net margin of 0.35%.The business’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts predict that Exp World will post -0.07 EPS for the current year.

Exp World Announces Dividend

The business 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 dividend payout ratio is currently -181.82%.

Institutional Trading of Exp World

Large investors have recently made changes to their positions in the stock. Philadelphia Investment Partners LLC purchased a new stake in Exp World in the second quarter worth approximately $46,000. Citizens Financial Group Inc. RI bought a new stake in Exp World in the 2nd quarter worth approximately $279,000. Commonwealth Financial Services LLC purchased a new stake in Exp World during the 1st quarter valued at $111,000. SEB Asset Management AB purchased a new stake in Exp World during the 1st quarter valued at $587,000. Finally, Illinois Municipal Retirement Fund lifted its holdings 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 valued at $324,000 after buying an additional 1,872 shares during the period. 27.17% of the stock is currently owned by institutional investors.

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.