Exp World (NASDAQ:AGNT) Trading Down 7.2% – Should You Sell?

Exp World Holdings, Inc. (NASDAQ:AGNT)’s share price was down 7.2% on Thursday . The company traded as low as $3.96 and last traded at $3.97. Approximately 260,955 shares traded hands during trading, a decline of 78% from the average session volume of 1,161,438 shares. The stock had previously closed at $4.28.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AGNT shares. DA Davidson reaffirmed a “neutral” rating and issued a $6.50 price objective (down from $10.25) on shares of Exp World in a research report on Thursday, July 2nd. Benchmark assumed coverage on Exp World in a research note on Thursday, March 26th. They issued a “buy” rating and a $8.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. Finally, Wall Street Zen upgraded shares of Exp World to a “hold” rating in a report on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.42.

Exp World Price Performance

The stock has a market cap of $647.42 million, a PE ratio of -39.40 and a beta of 2.06. The stock has a 50-day simple moving average of $4.84 and a 200-day simple moving average of $6.41.

Exp World (NASDAQ:AGNT) last released its quarterly earnings data on Monday, May 11th. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $971.32 million. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%. As a group, equities research analysts anticipate that Exp World Holdings, Inc. will post 0.08 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG boosted its holdings in Exp World by 81.7% in the 4th quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock worth $16,093,000 after acquiring an additional 799,587 shares during the period. Vanguard Group Inc. lifted its position in shares of Exp World by 5.1% during 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 in the last quarter. OP Asset Management Ltd acquired a new position in shares of Exp World during the first quarter worth $2,451,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Exp World by 106,586.0% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 213,372 shares of the technology company’s stock valued at $1,931,000 after purchasing an additional 213,172 shares during the period. Finally, State of Wyoming boosted its stake in shares of Exp World by 116.8% in the fourth quarter. State of Wyoming now owns 49,440 shares of the technology company’s stock valued at $447,000 after purchasing an additional 26,633 shares during the period. 27.17% of the stock is 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.