Exp World (NASDAQ:AGNT) Shares Up 10.3% – What’s Next?

Exp World Holdings, Inc. (NASDAQ:AGNT)’s stock price traded up 10.3% on Wednesday . The company traded as high as $5.28 and last traded at $5.25. Approximately 496,348 shares changed hands during trading, a decline of 56% from the average daily volume of 1,130,370 shares. The stock had previously closed at $4.76.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AGNT shares. Benchmark began coverage on shares of Exp World in a report on Thursday, March 26th. They issued a “buy” rating and a $8.00 price target for the company. Zelman & Associates assumed coverage on shares of Exp World in a report on Friday, March 20th. They set an “underperform” rating and a $4.75 price objective on the stock. Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Exp World to a “hold” rating in a report on Sunday, May 10th. Finally, DA Davidson reduced their price target on shares of Exp World from $11.00 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.67.

Exp World Stock Performance

The stock has a market capitalization of $864.32 million, a PE ratio of -52.59 and a beta of 2.11. The company’s fifty day simple moving average is $5.42 and its two-hundred day simple moving average is $7.15.

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

Exp World Announces Dividend

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

Hedge Funds Weigh In On Exp World

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