Exp World (NASDAQ:AGNT) Posts Quarterly Earnings Results, Misses Estimates By $0.04 EPS

Exp World (NASDAQ:AGNT) released its quarterly earnings data on Tuesday. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.04), FiscalAI reports. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. The firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.39 billion.

Exp World Stock Performance

Shares of NASDAQ AGNT traded up $0.12 during mid-day trading on Tuesday, hitting $4.22. The stock had a trading volume of 1,828,908 shares, compared to its average volume of 1,215,290. The firm has a market cap of $693.43 million, a PE ratio of -42.20 and a beta of 2.09. The company has a 50 day moving average of $4.70 and a two-hundred day moving average of $6.10. Exp World has a twelve month low of $3.68 and a twelve month high of $12.23.

Institutional Investors Weigh In On Exp World

Large investors have recently bought and sold shares of the company. State Street Corp raised its position in Exp World by 4.6% during the 4th quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock worth $29,856,000 after buying an additional 145,657 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Exp World by 73.3% in the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after acquiring an additional 1,391,582 shares during the period. Renaissance Technologies LLC increased its stake in shares of Exp World by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock worth $24,043,000 after acquiring an additional 116,900 shares during the period. Geode Capital Management LLC raised its holdings in shares of Exp World by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock worth $21,891,000 after purchasing an additional 38,134 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Exp World by 6.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,204,606 shares of the technology company’s stock valued at $19,952,000 after buying an additional 139,554 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on AGNT. Wall Street Zen upgraded shares of Exp World to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a report on Wednesday, May 27th. 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 research 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $6.42.

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.