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

Exp World Holdings, Inc. (NASDAQ:AGNT)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $3.79 and last traded at $3.82, with a volume of 855581 shares. The stock had previously closed at $4.02.

Wall Street Analyst Weigh In

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

Exp World Price Performance

The firm has a market capitalization of $640.86 million, a P/E ratio of -39.00 and a beta of 2.06. The company’s 50 day moving average price is $4.74 and its 200 day moving average price is $6.18.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings data on Monday, May 11th. The technology company reported ($0.03) earnings per share 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%. On average, research analysts anticipate that Exp World Holdings, Inc. will post 0.08 EPS for the current fiscal year.

Hedge Funds Weigh In On Exp World

Several large investors have recently made changes to their positions in AGNT. Commonwealth Financial Services LLC bought a new position in Exp World in the first quarter valued at about $111,000. SEB Asset Management AB bought a new stake in Exp World during the 1st quarter worth about $587,000. Illinois Municipal Retirement Fund raised its holdings in Exp World by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after purchasing an additional 1,872 shares during the last quarter. Fifth Third Bancorp lifted its position in Exp World by 2,697.1% during the 1st 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 during the period. Finally, Louisiana State Employees Retirement System acquired a new position in Exp World during the 1st quarter valued at about $241,000. Institutional investors and hedge funds 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.