Exp World (NASDAQ:AGNT) Releases Earnings Results

Key Points

• Exp World missed on earnings: The company reported a quarterly loss of $0.02 per share, $0.04 below analyst expectations, while revenue of $1.45 billion exceeded estimates of $1.39 billion. Net margin remained negative at 0.35%.
• Shares remain under pressure: AGNT traded at $4.22, near its 52-week low of $3.68 and well below its 52-week high of $12.23. The stock has negative earnings and trades below both its 50-day and 200-day moving averages.
• Analyst sentiment is cautious: The consensus rating is “Hold,” with a $6.42 price target; ratings include one Strong Buy, two Holds and two Sells. DA Davidson maintained a Neutral rating while cutting its price target to $6.50 from $10.25.

Exp World (NASDAQ:AGNT - Get Free Report) posted its quarterly earnings data on Tuesday. The technology company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.02 by ($0.04), FiscalAI reports. The firm had revenue of $1.45 billion for the quarter, compared to analysts' expectations of $1.39 billion. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%.

Exp World Stock Performance

Shares of AGNT stock traded up $0.12 on Tuesday, reaching $4.22. The stock had a trading volume of 1,816,357 shares, compared to its average volume of 1,209,833. Exp World has a 1 year low of $3.68 and a 1 year high of $12.23. The stock has a market cap of $693.43 million, a P/E ratio of -42.20 and a beta of 2.09. The company has a 50 day simple moving average of $4.70 and a 200 day simple moving average of $6.10.

Analyst Ratings Changes

Several brokerages have issued reports on AGNT. DA Davidson reiterated a "neutral" rating and issued a $6.50 price objective (down from $10.25) on shares of Exp World in a research report on Thursday, July 2nd. Weiss Ratings restated a "sell (d)" rating on shares of Exp World in a report on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Exp World to a "hold" rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Exp World has a consensus rating of "Hold" and a consensus price target of $6.42.

Institutional Investors Weigh In On Exp World

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Hsbc Holdings PLC bought a new position in shares of Exp World in the fourth quarter worth approximately $205,000. Beacon Pointe Advisors LLC boosted its position in shares of Exp World by 3.6% during the fourth quarter. Beacon Pointe Advisors LLC now owns 60,528 shares of the technology company's stock worth $548,000 after acquiring an additional 2,106 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Exp World in the fourth quarter worth about $464,000. VARCOV Co. bought a new stake in Exp World in the 4th quarter worth approximately $178,000. Finally, Susquehanna Portfolio Strategies LLC bought a new position in Exp World during the fourth quarter valued at $178,000. 27.17% of the stock is owned by hedge funds and other institutional investors.

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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