Exp World (NASDAQ:AGNT) Shares Gap Down – Time to Sell?

Exp World Holdings, Inc. (NASDAQ:AGNT) shares gapped down before the market opened on Thursday . The stock had previously closed at $5.69, but opened at $5.45. Exp World shares last traded at $5.33, with a volume of 303,222 shares.

Analysts Set New Price Targets

AGNT has been the topic of a number of recent research reports. Benchmark initiated coverage on shares of 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 reiterated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Wall Street Zen raised Exp World to a “hold” rating in a research note on Sunday, May 10th. DA Davidson restated a “neutral” rating and issued a $6.50 price target (down from $10.25) on shares of Exp World in a research report on Thursday. Finally, Zelman & Associates initiated coverage on Exp World in a research note on Friday, March 20th. They set an “underperform” rating and a $4.75 price objective for the company. 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. Based on data from MarketBeat, Exp World presently has an average rating of “Hold” and an average price target of $6.42.

Exp World Stock Down 7.2%

The stock has a market cap of $867.63 million, a price-to-earnings ratio of -52.79 and a beta of 2.06. The stock’s fifty day moving average is $5.31 and its 200-day moving average is $6.93.

Exp World (NASDAQ:AGNT) last posted its 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 company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $971.32 million. As a group, equities research analysts predict that Exp World Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, May 22nd. Exp World’s payout ratio is presently -200.00%.

Institutional Investors Weigh In On Exp World

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in Exp World by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock worth $127,725,000 after purchasing an additional 690,694 shares in the last quarter. State Street Corp increased its position in shares of Exp World by 4.6% during the fourth quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock worth $29,856,000 after acquiring an additional 145,657 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Exp World by 73.3% during the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after acquiring an additional 1,391,582 shares during the period. Renaissance Technologies LLC lifted its position in Exp World by 4.6% in the 4th quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock valued at $24,043,000 after acquiring an additional 116,900 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Exp World by 1.6% in the 4th quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock valued at $21,891,000 after acquiring an additional 38,134 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

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.