Exp World (NASDAQ:AGNT) Trading Down 5.6% – Should You Sell?

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) were down 5.6% during mid-day trading on Monday . The company traded as low as $5.01 and last traded at $5.02. 209,430 shares changed hands during trading, a decline of 82% from the average daily volume of 1,152,681 shares. The stock had previously closed at $5.32.

Analyst Ratings Changes

A number of equities analysts have recently commented on AGNT shares. Benchmark initiated coverage on Exp World in a report on Thursday, March 26th. They issued a “buy” rating and a $8.00 price target for the company. Zelman & Associates assumed coverage on Exp World in a research note on Friday, March 20th. They issued an “underperform” rating and a $4.75 target price for the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. DA Davidson reissued a “neutral” rating and issued a $6.50 price target (down from $10.25) on shares of Exp World in a report on Thursday. Finally, Wall Street Zen upgraded shares of Exp World to a “hold” rating in a research report on Sunday, May 10th. One investment analyst has rated the stock with a Strong Buy rating, two have issued 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 a consensus rating of “Hold” and an average price target of $6.42.

Exp World Stock Down 3.4%

The firm’s 50-day simple moving average is $5.26 and its 200-day simple moving average is $6.86. The firm has a market capitalization of $844.60 million, a PE ratio of -51.39 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last released its quarterly earnings data on Monday, May 11th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $971.32 million. On average, equities research analysts forecast that Exp World Holdings, Inc. will post 0.08 earnings per share for the current year.

Exp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Friday, May 22nd. Exp World’s dividend payout ratio is currently -200.00%.

Institutional Investors Weigh In On Exp World

Several large investors have recently bought and sold shares of AGNT. Bank of America Corp DE grew its position in Exp World by 73.3% in the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after purchasing an additional 1,391,582 shares during the period. UBS Group AG lifted its holdings in Exp World by 81.7% in the fourth quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock valued at $16,093,000 after acquiring an additional 799,587 shares during the period. Vanguard Group Inc. boosted its position in Exp World by 5.1% in the fourth 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 during the last quarter. Millennium Management LLC boosted its position in Exp World by 126.7% in the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock worth $8,856,000 after purchasing an additional 506,121 shares during the last quarter. Finally, Invesco Ltd. grew its stake in shares of Exp World by 55.8% during the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock valued at $10,720,000 after purchasing an additional 421,740 shares during the period. 27.17% of the stock is currently owned by institutional investors.

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.