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

Exp World (NASDAQ:AGNT) announced its earnings results on Friday. The technology company reported ($0.02) 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%.The company’s revenue for the quarter was up 10.7% compared to the same quarter last year.

Exp World Stock Up 6.3%

Shares of NASDAQ:AGNT traded up $0.26 during midday trading on Friday, hitting $4.39. The stock had a trading volume of 1,417,895 shares, compared to its average volume of 1,221,946. The company’s 50-day moving average price is $4.66 and its 200-day moving average price is $5.99. Exp World has a fifty-two week low of $3.68 and a fifty-two week high of $12.23. The company has a market capitalization of $721.36 million, a P/E ratio of -39.91 and a beta of 2.09.

Exp World Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Benchmark reduced their price objective on Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday. Wall Street Zen raised Exp World to a “hold” rating in a report on Sunday, May 10th. DA Davidson lowered their price objective on Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Weiss Ratings raised shares of Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $5.17.

Hedge Funds Weigh In On Exp World

A number of institutional investors have recently modified their holdings of AGNT. Thrivent Financial for Lutherans grew its stake in Exp World by 1.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock valued at $575,000 after purchasing an additional 1,126 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of Exp World by 14.6% in the 3rd quarter. Raymond James Financial Inc. now owns 11,609 shares of the technology company’s stock worth $124,000 after buying an additional 1,475 shares during the last quarter. Geneos Wealth Management Inc. grew its position in Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after buying an additional 1,856 shares during the period. PNC Financial Services Group Inc. increased its holdings in Exp World by 139.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after buying an additional 1,998 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Exp World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company’s stock worth $476,000 after acquiring an additional 2,042 shares during the period. Institutional investors and hedge funds 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.