OP Asset Management Ltd Takes $2.45 Million Position in Exp World Holdings, Inc. $AGNT

OP Asset Management Ltd purchased a new position in Exp World Holdings, Inc. (NASDAQ:AGNT) in the 1st quarter, HoldingsChannel.com reports. The fund purchased 409,123 shares of the technology company’s stock, valued at approximately $2,451,000.

Other large investors also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in shares of Exp World by 1.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock worth $575,000 after purchasing an additional 1,126 shares during the last quarter. Raymond James Financial Inc. lifted its stake in Exp World by 14.6% in the 3rd quarter. Raymond James Financial Inc. now owns 11,609 shares of the technology company’s stock valued at $124,000 after buying an additional 1,475 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after buying an additional 1,856 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in Exp World by 139.6% in the 4th 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. increased its stake in Exp World by 4.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company’s stock worth $476,000 after buying an additional 2,042 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Exp World Stock Performance

Shares of Exp World stock opened at $5.55 on Friday. The stock has a 50 day moving average of $5.37 and a 200 day moving average of $7.06. The firm has a market capitalization of $911.98 million, a price-to-earnings ratio of -55.49 and a beta of 2.11. Exp World Holdings, Inc. has a fifty-two week low of $4.50 and a fifty-two week high of $12.23.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings data on Monday, May 11th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $971.32 million. Analysts forecast that Exp World Holdings, Inc. will post 0.08 EPS for the current year.

Exp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, May 22nd. Exp World’s dividend payout ratio (DPR) is -200.00%.

Analyst Ratings Changes

AGNT has been the subject of several recent research reports. Benchmark assumed coverage on Exp World in a research note on Thursday, March 26th. They issued a “buy” rating and a $8.00 price objective for the company. Wall Street Zen raised shares of Exp World to a “hold” rating in a research note on Sunday, May 10th. Zelman & Associates began coverage on shares of Exp World in a research note on Friday, March 20th. They set an “underperform” rating and a $4.75 target price on the stock. DA Davidson dropped their target price on shares of Exp World from $11.00 to $10.25 and set a “buy” rating for the company in a report on Tuesday, May 12th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $7.67.

Exp World 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.