DA Davidson Keeps Buy Rating on eXp World Holdings (AGNT) Amid Weak Housing Market

Vardah Gill

Mon, May 18, 2026 at 7:35 PM EDT 2 min read

eXp World Holdings, Inc. (NASDAQ:AGNT) is included among the 11 Best Dividend Penny Stocks to Buy Right Now.

Photo by Dan Dennis on Unsplash

On May 13, DA Davidson lowered the firm’s price recommendation on eXp World Holdings, Inc. (NASDAQ:AGNT) to $10.25 from $11. It reiterated a Buy rating on the shares. The firm said the company delivered solid execution in Q1 despite a weak housing market and an uncertain macro environment. DA Davidson also pointed to a decline in eXp World Holdings’ total agent count compared to Q4. Its checks suggested that the trend has largely continued into Q2.

During the Q1 2026 earnings call, Chief Financial Officer Jesse Hill said stronger agent productivity helped more agents reach their cap during the quarter. That contributed to the gross profit of $75.3 million. Hill also said the company’s operating loss narrowed to $8.8 million in the quarter, improving 15% from the $10.4 million loss reported a year earlier. He added that adjusted EBITDA reached $4.1 million, above the midpoint of the company’s guidance range of $2 million to $5 million.

He further noted that the company increased its cash position by 6% year-over-year, ending the quarter with $122 million in cash on the balance sheet. According to Hill, the North America Realty segment generated $965.1 million in revenue during the first quarter and delivered $10 million in adjusted EBITDA. He also said the international segment remained the company’s fastest-growing business, posting 27% growth in Q1.

Meanwhile, Founder, Chairman, and CEO Glenn Sanford said the company changed its ticker symbol to AGNT recently. He stressed that the move represented more than a cosmetic change.

eXp World Holdings, Inc. (NASDAQ:AGNT) is the holding company for eXp Realty and SUCCESS Enterprises. eXp Realty is an independent real estate brokerage with more than 82,000 agents across 29 countries. The company also offers agents commission splits, revenue sharing, equity ownership opportunities, and access to a global network designed to help them grow their businesses.

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