Exp World (NASDAQ:AGNT) Shares Up 4.4% – What’s Next?

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

Analyst Ratings Changes

AGNT has been the subject of several research reports. Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. Wall Street Zen raised Exp World to a “hold” rating in a research report on Sunday, May 10th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $6.50 target price (down from $10.25) on shares of Exp World in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $6.42.

Exp World Stock Performance

The firm has a 50 day moving average of $4.80 and a 200-day moving average of $6.35. The stock has a market capitalization of $665.50 million, a PE ratio of -40.50 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last released its earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.02. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%.The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $971.32 million. On average, sell-side analysts predict that Exp World Holdings, Inc. will post 0.08 earnings per share for the current year.

Institutional Investors Weigh In On Exp World

Institutional investors have recently modified their holdings of the stock. Root Financial Partners LLC acquired a new stake in Exp World during the fourth quarter valued at $25,000. PNC Financial Services Group Inc. grew its stake in 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 purchasing an additional 1,998 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in Exp World in the 4th quarter worth about $37,000. Geneos Wealth Management Inc. increased 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. Finally, CWM LLC raised its stake in shares of Exp World by 632.6% during the 4th quarter. CWM LLC now owns 9,070 shares of the technology company’s stock worth $82,000 after purchasing an additional 7,832 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

About Exp World

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.