Exp World (NASDAQ:AGNT) Reaches New 1-Year Low – Here’s Why

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) hit a new 52-week low during mid-day trading on Wednesday. The company traded as low as $3.60 and last traded at $3.62, with a volume of 543047 shares traded. The stock had previously closed at $3.83.

Analyst Upgrades and Downgrades

AGNT has been the topic of several recent analyst reports. DA Davidson dropped their target price on shares of 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 decreased their price target on Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Wednesday, August 5th. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a report on Wednesday. Finally, Weiss Ratings raised Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, September 9th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $5.17.

Exp World Trading Down 0.3%

The stock’s 50-day moving average price is $4.13 and its two-hundred day moving average price is $5.02. The stock has a market capitalization of $580.05 million, a P/E ratio of -32.09 and a beta of 2.05.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The company had revenue of $1.45 billion during the quarter. The company’s revenue was up 10.7% on a year-over-year basis. On average, equities research analysts predict that Exp World Holdings, Inc. will post 0.15 earnings per share for the current year.

Exp World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend was Friday, August 14th. Exp World’s dividend payout ratio (DPR) is currently -181.82%.

Insider Activity

In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $3.68, for a total transaction of $31,991,307.20. Following the transaction, the insider owned 18,037,824 shares of the company’s stock, valued at $66,379,192.32. This represents a 32.52% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 26.59% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Exp World

Several large investors have recently added to or reduced their stakes in the company. OP Asset Management Ltd purchased a new stake in Exp World during the first quarter valued at about $2,451,000. WINTON GROUP Ltd raised its position in shares of Exp World by 5.2% in the fourth quarter. WINTON GROUP Ltd now owns 104,623 shares of the technology company’s stock valued at $947,000 after purchasing an additional 5,214 shares during the period. SEB Asset Management AB bought a new stake in shares of Exp World in the first quarter valued at approximately $587,000. State of Wyoming lifted its stake in shares of Exp World by 116.8% during the 4th quarter. State of Wyoming now owns 49,440 shares of the technology company’s stock valued at $447,000 after buying an additional 26,633 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of Exp World by 3.6% during the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock valued at $324,000 after buying an additional 1,872 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

About Exp World

eXp World Holdings, Inc is a cloud-based real estate services company best known for operating eXp Realty, a residential real estate brokerage. Through its virtual business model, eXp Realty provides real estate professionals with brokerage support, training, collaboration tools and technology designed to help agents serve buyers and sellers.

The company also operates eXp Commercial, which focuses on commercial real estate services. Its broader technology platform has included virtual collaboration and workplace solutions intended to support distributed organizations and real estate professionals.

eXp World Holdings was founded in 2002 by Glenn Sanford, who serves as its chairman and chief executive officer.