Exp World (NASDAQ:AGNT) Upgraded to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Exp World to a "hold" rating, adding to a mixed analyst picture for the stock.
• Analyst views remain split, with price targets ranging from $4.75 to $11.00 and a consensus target of $7.92.
• In its latest quarter, Exp World missed EPS estimates but beat on revenue, posting $1.19 billion in revenue, up 8.5% year over year.

Exp World (NASDAQ:AGNT - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "hold" rating in a report issued on Sunday.

Several other equities research analysts have also weighed in on the stock. DA Davidson set a $11.00 price objective on shares of Exp World in a research note on Thursday, February 26th. Benchmark initiated coverage on Exp World in a report on Thursday, March 26th. They set a "buy" rating and a $8.00 target price for the company. Finally, Zelman & Associates initiated coverage on Exp World in a research report on Friday, March 20th. They set an "underperform" rating and a $4.75 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Exp World currently has an average rating of "Hold" and a consensus target price of $7.92.

Exp World Price Performance

Shares of AGNT opened at $6.60 on Friday. The stock has a market capitalization of $1.07 billion, a PE ratio of -47.14 and a beta of 2.20. The business's fifty day moving average price is $6.29 and its 200 day moving average price is $8.53. Exp World has a 12-month low of $5.66 and a 12-month high of $12.23.

Exp World (NASDAQ:AGNT - Get Free Report) last issued its earnings results on Tuesday, February 24th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.05). Exp World had a negative return on equity of 10.00% and a negative net margin of 0.48%.The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted ($0.06) earnings per share. The firm's revenue for the quarter was up 8.5% on a year-over-year basis. As a group, research analysts anticipate that Exp World will post 0.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in AGNT. Allianz Asset Management GmbH increased its holdings in shares of Exp World by 60.4% during the third quarter. Allianz Asset Management GmbH now owns 592,305 shares of the technology company's stock valued at $6,314,000 after purchasing an additional 223,128 shares during the period. Vanguard Group Inc. lifted its holdings in Exp World by 13.1% in the third quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company's stock worth $143,084,000 after purchasing an additional 1,557,600 shares during the period. AMG National Trust Bank acquired a new stake in Exp World in the third quarter worth about $1,189,000. Principal Financial Group Inc. grew its position in Exp World by 26.3% in the 3rd quarter. Principal Financial Group Inc. now owns 537,545 shares of the technology company's stock valued at $5,730,000 after buying an additional 111,963 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new position in Exp World in the 3rd quarter valued at about $1,060,000. Institutional investors and hedge funds 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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