Exp World (NASDAQ:AGNT) Trading Up 4.4% – Time to Buy?

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on AGNT. DA Davidson reissued a “neutral” rating and issued a $6.50 price objective (down from $10.25) on shares of Exp World in a research note on Thursday, July 2nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. Benchmark began coverage on Exp World in a report on Thursday, March 26th. They set a “buy” rating and a $8.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Exp World to a “hold” rating in a research report 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $6.42.

Exp World Stock Up 6.2%

The firm has a market capitalization of $675.36 million, a price-to-earnings ratio of -41.10 and a beta of 2.06. The firm’s 50 day moving average is $4.82 and its 200 day moving average is $6.37.

Exp World (NASDAQ:AGNT) last posted its quarterly 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. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $971.32 million. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. On average, sell-side analysts predict that Exp World Holdings, Inc. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Exp World

A number of hedge funds have recently modified their holdings of AGNT. Royal Bank of Canada lifted its holdings in shares of Exp World by 14.0% during the first quarter. Royal Bank of Canada now owns 212,604 shares of the technology company’s stock valued at $2,079,000 after purchasing an additional 26,118 shares during the last quarter. AQR Capital Management LLC purchased a new position in Exp World in the 1st quarter worth about $180,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in 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 purchasing an additional 2,042 shares in the last quarter. Millennium Management LLC raised its holdings in Exp World by 126.7% during the 1st quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock worth $8,856,000 after buying an additional 506,121 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Exp World by 21.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock worth $6,086,000 after buying an additional 109,995 shares during the period. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.