Exp World (NASDAQ:AGNT) Trading Up 4.4% - Time to Buy?

Key Points

• eXp World Holdings (NASDAQ: AGNT) rose 4.4% in Friday trading, touching an intraday high of $4.06 before closing near $4.04. Trading volume was well below normal, with about 168,987 shares changing hands versus the average of 1.16 million.
• Analyst sentiment remains mixed: Weiss Ratings kept a sell rating, Benchmark initiated coverage with a buy and $8 price target, and DA Davidson maintained a neutral rating while cutting its target to $6.50. Overall, MarketBeat shows an average rating of Hold and an average price target of $6.42.
• The company recently beat earnings expectations, posting EPS of -$0.03 versus estimates for -$0.05 and revenue of $1.01 billion versus expectations of $971.32 million. Despite the beat, eXp World still reported negative margins and a negative return on equity.

Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) shares shot up 4.4% during mid-day trading on Friday . The stock traded as high as $4.06 and last traded at $4.04. Approximately 168,987 shares traded hands during trading, a decline of 85% from the average session volume of 1,162,667 shares. The stock had previously closed at $3.87.

Analyst Upgrades and Downgrades

AGNT has been the subject of several recent research reports. Weiss Ratings restated a "sell (d)" rating on shares of Exp World in a research report on Wednesday, May 27th. Benchmark started coverage on shares of Exp World in a research report on Thursday, March 26th. They issued a "buy" rating and a $8.00 price objective on the stock. Wall Street Zen raised shares of Exp World to a "hold" rating in a research note on Sunday, May 10th. Finally, DA Davidson restated a "neutral" rating and issued a $6.50 target price (down from $10.25) on shares of Exp World in a research report on Thursday, July 2nd. 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's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $6.42.

Exp World Stock Performance

The firm has a 50 day simple moving average of $4.82 and a two-hundred day simple moving average of $6.37. The stock has a market cap of $675.36 million, a P/E ratio of -41.10 and a beta of 2.06.

Exp World (NASDAQ:AGNT - Get Free Report) last released its quarterly 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 company had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $971.32 million. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%. As a group, equities research analysts predict that Exp World Holdings, Inc. will post 0.08 EPS for the current year.

Hedge Funds Weigh In On Exp World

A number of institutional investors and hedge funds have recently bought and sold shares of AGNT. Root Financial Partners LLC bought a new stake in shares of Exp World during the 4th quarter worth about $25,000. PNC Financial Services Group Inc. boosted its holdings in shares of Exp World by 139.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company's stock valued at $31,000 after acquiring an additional 1,998 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Exp World during the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. increased its stake in shares of 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 acquiring an additional 1,856 shares during the period. Finally, CWM LLC increased its stake in shares of Exp World by 632.6% during the fourth quarter. CWM LLC now owns 9,070 shares of the technology company's stock valued at $82,000 after acquiring an additional 7,832 shares during the period. 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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