Exp World’s (AGNT) Neutral Rating Reaffirmed at DA Davidson

Exp World (NASDAQ:AGNT)‘s stock had its “neutral” rating reiterated by stock analysts at DA Davidson in a report released on Thursday,Benzinga reports. They currently have a $6.50 price objective on the technology company’s stock, down from their prior price objective of $10.25. DA Davidson’s price objective would indicate a potential upside of 14.24% from the company’s current price.

Several other equities analysts also recently weighed in on AGNT. Zelman & Associates assumed coverage on Exp World in a research report on Friday, March 20th. They set an “underperform” rating and a $4.75 target price on the stock. Benchmark began coverage on Exp World in a research note on Thursday, March 26th. They issued a “buy” rating and a $8.00 price objective on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Finally, Wall Street Zen upgraded Exp World to a “hold” rating in a research note on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $6.42.

Exp World Trading Up 5.2%

Shares of AGNT stock opened at $5.69 on Thursday. Exp World has a 12 month low of $4.50 and a 12 month high of $12.23. The stock has a market cap of $934.98 million, a P/E ratio of -56.89 and a beta of 2.06. The company has a 50 day simple moving average of $5.31 and a two-hundred day simple moving average of $6.93.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share 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. As a group, equities analysts forecast that Exp World will post 0.08 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of AGNT. Root Financial Partners LLC bought a new stake in Exp World during the fourth quarter valued at about $25,000. PNC Financial Services Group Inc. boosted its stake 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 worth $31,000 after acquiring an additional 1,998 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of Exp World in the fourth quarter worth about $37,000. Geneos Wealth Management Inc. grew its position 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 worth $62,000 after purchasing an additional 1,856 shares in the last quarter. Finally, CWM LLC grew its position 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 worth $82,000 after purchasing an additional 7,832 shares in the last quarter. Institutional investors 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.