Exp World (NASDAQ:AGNT) Shares Gap Up – Here’s Why

Exp World Holdings, Inc. (NASDAQ:AGNT) shares gapped up before the market opened on Monday . The stock had previously closed at $4.52, but opened at $4.70. Exp World shares last traded at $4.56, with a volume of 53,957 shares.

Analyst Upgrades and Downgrades

A number of research firms have commented on AGNT. Zelman & Associates assumed coverage on shares of Exp World in a report on Friday, March 20th. They issued an “underperform” rating and a $4.75 price target for the company. Wall Street Zen upgraded shares of Exp World to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Benchmark assumed coverage on shares of Exp World in a research note on Thursday, March 26th. They issued a “buy” rating and a $8.00 price target for the company. Finally, DA Davidson reaffirmed a “neutral” rating and set a $6.50 target price (down from $10.25) on shares of Exp World in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.42.

Exp World Stock Up 0.7%

The firm’s 50-day moving average is $5.10 and its 200-day moving average is $6.68. The company has a market cap of $747.66 million, a PE ratio of -45.50 and a beta of 2.06.

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

Exp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, May 22nd. Exp World’s dividend payout ratio (DPR) is -200.00%.

Institutional Investors Weigh In On Exp World

Hedge funds and other institutional investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new stake in shares of Exp World in the 4th quarter worth approximately $25,000. PNC Financial Services Group Inc. grew its stake in shares of Exp World by 139.6% in the fourth 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. purchased a new position in shares of Exp World in the 4th quarter worth $37,000. Geneos Wealth Management Inc. increased its position in shares of 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 last quarter. Finally, CWM LLC lifted its position in Exp World by 632.6% during the fourth quarter. CWM LLC now owns 9,070 shares of the technology company’s stock valued at $82,000 after purchasing an additional 7,832 shares in the last quarter. Hedge funds and other institutional investors 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.