Exp World Holdings, Inc. (NASDAQ:AGNT) Given Average Rating of "Reduce" by Analysts

Key Points

• Analysts’ consensus rating is “Reduce”: Three of five analysts recommend selling, one recommends holding and one recommends buying. The average 12-month price target is $5.17.
• The stock opened at $4.25, near its one-year low of $3.68 and well below its one-year high of $12.23. eXp World reported quarterly EPS of negative $0.02, missing estimates of positive $0.08, although revenue increased 10.7% year over year.
• The company declared a quarterly dividend of $0.05 per share, equivalent to an annualized $0.20 dividend and a 4.7% yield; however, its payout ratio is negative 181.82% amid ongoing losses.

Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) has received a consensus rating of "Reduce" from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has given a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $5.1667.

Several analysts have weighed in on the stock. Weiss Ratings raised shares of Exp World from a "sell (d)" rating to a "sell (d+)" rating in a research note on Wednesday, August 5th. Benchmark reduced their price objective on Exp World from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, August 5th. DA Davidson decreased their price objective on Exp World from $6.50 to $4.75 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Wall Street Zen raised Exp World to a "hold" rating in a research note on Sunday, May 10th. Finally, Zacks Research lowered Exp World from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 6th.

Exp World Stock Performance

AGNT stock opened at $4.25 on Tuesday. The company has a market capitalization of $698.38 million, a PE ratio of -38.64 and a beta of 2.09. Exp World has a one year low of $3.68 and a one year high of $12.23. The company's 50 day moving average price is $4.60 and its two-hundred day moving average price is $5.75.

Exp World (NASDAQ:AGNT - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. The company's quarterly revenue was up 10.7% compared to the same quarter last year. On average, research analysts predict that Exp World will post -0.07 EPS for the current year.

Exp World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Shareholders 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 4.7%. The ex-dividend date of this dividend is Friday, August 14th. Exp World's payout ratio is -181.82%.

Institutional Trading of Exp World

A number of institutional investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans grew its holdings in shares of Exp World by 1.8% in the second 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. raised its holdings in Exp World by 14.6% during 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 during the last quarter. Geneos Wealth Management Inc. raised its holdings in Exp World by 41.2% during the 1st 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 last quarter. Illinois Municipal Retirement Fund boosted its position in Exp World by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company's stock valued at $324,000 after buying an additional 1,872 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Exp World by 139.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company's stock valued at $31,000 after buying an additional 1,998 shares during the period. Hedge funds and other institutional investors 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.

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