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

Exp World Holdings, Inc. (NASDAQ:AGNT)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $4.26 and last traded at $4.27, with a volume of 155901 shares changing hands. The stock had previously closed at $4.43.

Analyst Upgrades and Downgrades

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

Exp World Stock Down 9.6%

The stock’s 50 day moving average price is $4.82 and its 200-day moving average price is $6.37. The stock has a market capitalization of $635.92 million, a P/E ratio of -38.70 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings data on Monday, May 11th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $971.32 million. Analysts anticipate that Exp World Holdings, Inc. will post 0.08 earnings per share for the current year.

Hedge Funds Weigh In On Exp World

Several institutional investors and hedge funds have recently modified their holdings of AGNT. Vanguard Group Inc. lifted its position in shares of Exp World by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock valued at $127,725,000 after buying an additional 690,694 shares in the last quarter. State Street Corp increased its holdings in Exp World by 4.6% in the 4th quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock worth $29,856,000 after acquiring an additional 145,657 shares in the last quarter. Bank of America Corp DE increased its holdings 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 acquiring an additional 1,391,582 shares in the last quarter. Renaissance Technologies LLC raised its position in Exp World by 4.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock worth $24,043,000 after acquiring an additional 116,900 shares during the period. Finally, Geode Capital Management LLC raised its position in Exp World by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock worth $21,891,000 after acquiring an additional 38,134 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.