Exp World (NASDAQ:AGNT) Trading 10.3% Higher – What’s Next?

Exp World Holdings, Inc. (NASDAQ:AGNT) shares shot up 10.3% during mid-day trading on Wednesday . The stock traded as high as $5.28 and last traded at $5.25. Approximately 496,348 shares were traded during mid-day trading, a decline of 56% from the average session volume of 1,130,370 shares. The stock had previously closed at $4.76.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AGNT shares. DA Davidson decreased their price objective on Exp World from $11.00 to $10.25 and set a “buy” rating for the company in a report on Tuesday, May 12th. Wall Street Zen upgraded shares of Exp World to a “hold” rating in a research report on Sunday, May 10th. Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. Benchmark initiated coverage on shares of Exp World in a research report on Thursday, March 26th. They issued a “buy” rating and a $8.00 price target on the stock. Finally, Zelman & Associates assumed coverage on shares of Exp World in a research note on Friday, March 20th. They set an “underperform” rating and a $4.75 price target on the stock. 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 given a Sell rating to the company’s stock. According to MarketBeat, Exp World presently has an average rating of “Hold” and an average target price of $7.67.

Exp World Price Performance

The firm’s 50 day moving average is $5.38 and its 200 day moving average is $7.07. The company has a market cap of $846.25 million, a PE ratio of -51.49 and a beta of 2.11.

Exp World (NASDAQ:AGNT) last posted 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 business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $971.32 million. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. As a group, analysts anticipate that Exp World Holdings, Inc. will post 0.08 EPS for the current year.

Exp World Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, May 22nd. Exp World’s payout ratio is presently -200.00%.

Institutional Trading of Exp World

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Exp World by 13.1% during the third quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company’s stock worth $143,084,000 after acquiring an additional 1,557,600 shares in the last quarter. UBS Group AG boosted its stake in shares of Exp World by 81.7% in the 4th quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock valued at $16,093,000 after purchasing an additional 799,587 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Exp World in the 3rd quarter valued at $1,060,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Exp World by 106,586.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 213,372 shares of the technology company’s stock valued at $1,931,000 after purchasing an additional 213,172 shares during the last quarter. Finally, Pictet Asset Management Holding SA raised its position in Exp World by 40.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 15,671 shares of the technology company’s stock worth $142,000 after purchasing an additional 4,509 shares during the period. 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.