Exp World (NASDAQ:AGNT) Trading Up 10.3% – What’s Next?

Exp World Holdings, Inc. (NASDAQ:AGNTGet Free Report)’s stock price shot up 10.3% on Wednesday . The company traded as high as $5.28 and last traded at $5.25. 496,348 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 1,130,370 shares. The stock had previously closed at $4.76.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Benchmark initiated coverage on shares of Exp World in a research note on Thursday, March 26th. They set a “buy” rating and a $8.00 price objective on the stock. Wall Street Zen upgraded Exp World to a “hold” rating in a report on Sunday, May 10th. DA Davidson reduced their price target on Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a report on Wednesday, May 27th. Finally, Zelman & Associates started coverage on Exp World in a report on Friday, March 20th. They set an “underperform” rating and a $4.75 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $7.67.

Get Our Latest Report on AGNT

Exp World Trading Up 10.5%

The stock’s 50 day moving average price is $5.42 and its 200 day moving average price is $7.15. The company has a market cap of $864.32 million, a price-to-earnings ratio of -52.59 and a beta of 2.11.

Exp World (NASDAQ:AGNTGet Free Report) last released its 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. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $971.32 million. On average, equities analysts expect that Exp World Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Exp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 3.8%. Exp World’s dividend payout ratio (DPR) is currently -200.00%.

Hedge Funds Weigh In On Exp World

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in shares of Exp World by 14.0% during the 1st quarter. Royal Bank of Canada now owns 212,604 shares of the technology company’s stock valued at $2,079,000 after buying an additional 26,118 shares during the period. AQR Capital Management LLC purchased a new position in shares of Exp World in the 1st quarter worth $180,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Exp World by 4.4% in 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 during the period. Millennium Management LLC boosted its holdings in Exp World by 126.7% in the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock valued at $8,856,000 after acquiring an additional 506,121 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Exp World by 21.5% in the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock valued at $6,086,000 after acquiring an additional 109,995 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Exp World Company Profile

(Get Free Report)

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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