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

Exp World Holdings, Inc. (NASDAQ:AGNT) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.59 and last traded at $4.76, with a volume of 55310 shares changing hands. The stock had previously closed at $4.73.

Analysts Set New Price Targets

Several research firms have weighed in on AGNT. Wall Street Zen upgraded shares of Exp World to a “hold” rating in a report on Sunday, May 10th. Zelman & Associates began coverage on shares of Exp World in a research report on Friday, March 20th. They set an “underperform” rating and a $4.75 price target on the stock. Benchmark began coverage on Exp World in a research note on Thursday, March 26th. They set a “buy” rating and a $8.00 price objective on the stock. Finally, DA Davidson dropped their price objective on Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a research note on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.67.

Exp World Trading Up 4.0%

The stock has a market cap of $806.81 million, a P/E ratio of -49.10 and a beta of 2.20. The company has a 50 day simple moving average of $6.00 and a 200 day simple moving average of $8.17.

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

Exp World Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be issued a $0.05 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.20 annualized dividend and a dividend yield of 4.1%. Exp World’s dividend payout ratio (DPR) is presently -200.00%.

Hedge Funds Weigh In On Exp World

Hedge funds have recently modified their holdings of the stock. Allianz Asset Management GmbH grew its holdings in shares of Exp World by 60.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 592,305 shares of the technology company’s stock valued at $6,314,000 after acquiring an additional 223,128 shares in the last quarter. Vanguard Group Inc. raised its position in Exp World by 13.1% during the third quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company’s stock worth $143,084,000 after acquiring an additional 1,557,600 shares in the last quarter. AMG National Trust Bank acquired a new position in shares of Exp World during the 3rd quarter worth about $1,189,000. Principal Financial Group Inc. increased its stake in shares of Exp World by 26.3% during the 3rd quarter. Principal Financial Group Inc. now owns 537,545 shares of the technology company’s stock worth $5,730,000 after purchasing an additional 111,963 shares during the last quarter. Finally, UBS Group AG increased its stake in shares of Exp World by 81.7% during the 4th quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock worth $16,093,000 after purchasing an additional 799,587 shares during the last quarter. 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.