Exp World (NASDAQ:AGNT) Hits New 52-Week Low – Here’s Why

Exp World Holdings, Inc. (NASDAQ:AGNT)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $4.42 and last traded at $4.47, with a volume of 57269 shares changing hands. The stock had previously closed at $4.52.

Analyst Ratings Changes

AGNT has been the subject of a number of research analyst reports. 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 note on Thursday, July 2nd. Wall Street Zen raised shares of Exp World to a “hold” rating in a report on Sunday, May 10th. Zelman & Associates assumed 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. Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Finally, 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 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $6.42.

Exp World Stock Performance

The business’s 50 day simple moving average is $4.99 and its 200-day simple moving average is $6.57. The stock has a market capitalization of $749.30 million, a price-to-earnings ratio of -45.60 and a beta of 2.06.

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

Exp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Friday, May 22nd. Exp World’s dividend payout ratio is -200.00%.

Institutional Trading of Exp World

Hedge funds have recently added to or reduced their stakes in the business. Commonwealth Financial Services LLC acquired a new position in Exp World during the 1st quarter worth $111,000. SEB Asset Management AB acquired a new position in shares of Exp World during the first quarter valued at $587,000. Illinois Municipal Retirement Fund increased its holdings in shares of Exp World by 3.6% during the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock valued at $324,000 after purchasing an additional 1,872 shares during the period. Fifth Third Bancorp raised its stake in shares of Exp World by 2,697.1% during the first quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock valued at $129,000 after purchasing an additional 20,687 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Exp World in the first quarter worth about $241,000. Institutional investors own 27.17% of the company’s stock.

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.