Exp World (NASDAQ:AGNT) Hits New 1-Year Low – What’s Next?

Exp World Holdings, Inc. (NASDAQ:AGNT) shares reached a new 52-week low on Thursday . The stock traded as low as $3.63 and last traded at $3.69, with a volume of 1935781 shares traded. The stock had previously closed at $3.98.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on AGNT. Weiss Ratings cut shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 20th. DA Davidson dropped their price target on Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. Benchmark cut their price target on Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Wednesday, August 5th. Finally, Zacks Research lowered Exp World from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $5.17.

Exp World Stock Performance

The business has a 50 day simple moving average of $4.35 and a 200-day simple moving average of $5.27. The stock has a market capitalization of $606.34 million, a P/E ratio of -33.55 and a beta of 2.05.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). The firm had revenue of $1.45 billion during the quarter. Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The business’s quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts forecast that Exp World Holdings, Inc. will post -0.07 EPS for the current fiscal year.

Exp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.05 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.20 annualized dividend and a yield of 5.4%. Exp World’s payout ratio is -181.82%.

Insiders Place Their Bets

In related news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the firm’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $3.68, for a total transaction of $31,991,307.20. Following the completion of the sale, the insider directly owned 18,037,824 shares in the company, valued at approximately $66,379,192.32. This trade represents a 32.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 26.59% of the company’s stock.

Institutional Investors Weigh In On Exp World

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Bank of America Corp DE boosted its position in shares of 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 valued at $29,934,000 after purchasing an additional 1,391,582 shares during the period. UBS Group AG lifted its stake in Exp World by 81.7% during the fourth quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock valued at $16,093,000 after buying an additional 799,587 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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 buying an additional 690,694 shares during the period. Millennium Management LLC increased its position in shares of 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 acquiring an additional 506,121 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Exp World by 55.8% during the second quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock valued at $10,720,000 after acquiring an additional 421,740 shares during the period. 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.