Exp World (NASDAQ:AGNT) Hits New 12-Month Low – What’s Next?

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) hit a new 52-week low during trading on Thursday. The company traded as low as $3.40 and last traded at $3.82, with a volume of 173,013 shares traded. The stock had previously closed at $3.73.

Analyst Upgrades and Downgrades

AGNT has been the topic of several recent analyst reports. Benchmark reduced their target price on shares of Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 23rd. Weiss Ratings downgraded shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. DA Davidson cut their price target on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Finally, Citizens Jmp assumed coverage on shares of Exp World in a research report on Wednesday. They issued a “market outperform” rating and a $6.00 price target on the stock. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, Exp World has an average rating of “Hold” and an average price target of $5.38.

Exp World Stock Down 2.0%

The business has a fifty day moving average of $3.99 and a 200 day moving average of $4.77. The firm has a market cap of $629.35 million, a P/E ratio of -34.82 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last released 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 business had revenue of $1.45 billion for the quarter. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, sell-side analysts expect that Exp World Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Exp World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend was Friday, August 14th. Exp World’s dividend payout ratio is -181.82%.

Insider Activity

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. OP Asset Management Ltd bought a new stake in shares of Exp World during the first quarter worth approximately $2,451,000. SEB Asset Management AB bought a new position in shares of Exp World during the first quarter worth approximately $587,000. Citizens Financial Group Inc. RI acquired a new stake in Exp World during the 2nd quarter worth approximately $279,000. Louisiana State Employees Retirement System acquired a new stake in Exp World during the 1st quarter worth approximately $241,000. Finally, Cim Investment Management Inc. acquired a new stake in Exp World during the 2nd quarter worth approximately $136,000. 27.17% of the stock is owned by institutional investors.

About Exp World

eXp World Holdings, Inc is a cloud-based real estate services and technology company best known for eXp Realty, an independent residential real estate brokerage. The company provides agents with brokerage services, transaction support, training, marketing resources and collaboration tools through a technology-driven operating model designed to support a geographically distributed workforce.

Through its broader platform, eXp World Holdings has also operated businesses focused on real estate education, media and digital collaboration.