Exp World (NASDAQ:AGNT) Releases Quarterly Earnings Results, Misses Estimates By $0.10 EPS

Exp World (NASDAQ:AGNT) announced its quarterly earnings data on Friday. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.10), Briefing.com reports. Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.Exp World’s revenue was up 10.7% compared to the same quarter last year.

Exp World Stock Up 6.3%

Shares of AGNT stock traded up $0.26 during mid-day trading on Friday, hitting $4.39. 1,417,895 shares of the stock were exchanged, compared to its average volume of 1,604,502. Exp World has a 52-week low of $3.68 and a 52-week high of $12.23. The firm has a fifty day moving average of $4.65 and a 200 day moving average of $5.98. The company has a market cap of $721.36 million, a PE ratio of -39.91 and a beta of 2.09.

Exp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Friday, August 14th will be given a $0.05 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.6%. Exp World’s dividend payout ratio is -181.82%.

Institutional Investors Weigh In On Exp World

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its holdings in Exp World by 73.3% in the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock valued at $29,934,000 after purchasing an additional 1,391,582 shares in the last quarter. Millennium Management LLC raised its position in shares of Exp World by 126.7% in the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock valued at $8,856,000 after buying an additional 506,121 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Exp World by 55.8% in the second quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock worth $10,720,000 after buying an additional 421,740 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Exp World by 19.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,787,759 shares of the technology company’s stock worth $16,179,000 after buying an additional 285,001 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in Exp World by 91.1% during the fourth quarter. Janus Henderson Group PLC now owns 575,857 shares of the technology company’s stock worth $5,212,000 after acquiring an additional 274,445 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on AGNT. DA Davidson cut their price target on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a report on Wednesday. Wall Street Zen raised shares of Exp World to a “hold” rating in a report on Sunday, May 10th. Weiss Ratings raised shares of Exp World from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. Finally, Benchmark decreased their target price on shares of Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $5.17.

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.