Exp World (NASDAQ:AGNT) Reaches New 12-Month Low – Here’s Why

Exp World Holdings, Inc. (NASDAQ:AGNT)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.50 and last traded at $4.50, with a volume of 1238 shares traded. The stock had previously closed at $4.52.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on AGNT. Benchmark began coverage on shares of Exp World in a research note on Thursday, March 26th. They set a “buy” rating and a $8.00 price objective on the stock. Zelman & Associates initiated coverage on shares of Exp World in a research report on Friday, March 20th. They issued an “underperform” rating and a $4.75 target price for the company. Wall Street Zen raised shares of Exp World to a “hold” rating in a research note on Sunday, May 10th. Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Finally, DA Davidson dropped their price target on shares of Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.67.

Exp World Stock Performance

The business has a 50 day simple moving average of $5.40 and a 200-day simple moving average of $7.11. The stock has a market capitalization of $857.75 million, a P/E ratio of -52.19 and a beta of 2.11.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.02. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%.The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $971.32 million. Equities research analysts forecast that Exp World Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Exp World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a dividend of $0.05 per share. 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

Several hedge funds and other institutional investors have recently bought and sold shares of AGNT. Root Financial Partners LLC bought a new position in shares of Exp World during the 4th quarter valued at about $25,000. PNC Financial Services Group Inc. raised its holdings in shares of Exp World by 139.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,998 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Exp World in the 4th quarter worth approximately $37,000. Geneos Wealth Management Inc. raised its holdings in shares of Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,856 shares in the last quarter. Finally, CWM LLC lifted its stake in Exp World by 632.6% during the fourth quarter. CWM LLC now owns 9,070 shares of the technology company’s stock valued at $82,000 after purchasing an additional 7,832 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors.

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.