OP Asset Management Ltd Takes Position in Exp World Holdings, Inc. $AGNT

OP Asset Management Ltd acquired a new stake in shares of Exp World Holdings, Inc. (NASDAQ:AGNT) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 409,123 shares of the technology company’s stock, valued at approximately $2,451,000. OP Asset Management Ltd owned about 0.25% of Exp World as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in Exp World during the fourth quarter worth $25,000. PNC Financial Services Group Inc. raised 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 valued at $31,000 after acquiring an additional 1,998 shares during the period. Kemnay Advisory Services Inc. bought a new stake in shares of Exp World in the 4th quarter worth about $37,000. Geneos Wealth Management Inc. lifted its holdings in shares of 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 acquiring an additional 1,856 shares during the last quarter. Finally, CWM LLC boosted 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 during the period. 27.17% of the stock is owned by hedge funds and other institutional investors.

Exp World Trading Up 7.8%

Shares of AGNT stock opened at $5.55 on Friday. The business’s fifty day simple moving average is $5.37 and its 200-day simple moving average is $7.06. The company has a market cap of $911.98 million, a PE ratio of -55.49 and a beta of 2.11. Exp World Holdings, Inc. has a 12-month low of $4.50 and a 12-month high of $12.23.

Exp World (NASDAQ:AGNT) last announced its quarterly earnings data on Monday, May 11th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.05) by $0.02. The firm had revenue of $1.01 billion during 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, equities analysts forecast that Exp World Holdings, Inc. will post 0.08 earnings per share for the current year.

Exp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Friday, May 22nd. Exp World’s payout ratio is -200.00%.

Analyst Ratings Changes

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

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.