Exp World (NASDAQ:AGNT) Announces Earnings Results, Misses Estimates By $0.10 EPS

Exp World (NASDAQ:AGNT – Get Free Report) issued its quarterly earnings results on Friday. The technology company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10), Briefing.com reports. Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The company’s revenue was up 10.7% on a year-over-year basis.

Exp World Trading Up 6.3%

Shares of NASDAQ:AGNT opened at $4.39 on Friday. The stock has a market capitalization of $721.38 million, a PE ratio of -39.91 and a beta of 2.09. Exp World has a 1 year low of $3.68 and a 1 year high of $12.23. The firm has a fifty day moving average price of $4.65 and a 200 day moving average price of $5.98.

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Exp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Friday, August 14th will be issued a $0.05 dividend. The ex-dividend date is Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 4.6%. Exp World’s dividend payout ratio is currently -181.82%.

Institutional Trading of Exp World

Several large investors have recently made changes to their positions in AGNT. PNC Financial Services Group Inc. boosted its stake in shares of Exp World by 139.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,998 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Exp World in the fourth quarter valued at approximately $37,000. Geneos Wealth Management Inc. raised its position in Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,856 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in Exp World by 387.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company’s stock valued at $101,000 after buying an additional 8,827 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new stake in shares of Exp World in the 2nd quarter valued at $123,000. Institutional investors own 27.17% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports 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. Benchmark decreased their price target on shares of Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday. Wall Street Zen raised Exp World to a “hold” rating in a report on Sunday, May 10th. Zacks Research cut Exp World from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, DA Davidson reduced their price objective on Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a research note on Wednesday. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Exp World presently has an average rating of “Reduce” and a consensus price target of $5.17.

Read Our Latest Stock Report on Exp World

About Exp World

(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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