Exp World (NASDAQ:AGNT) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $5.56 and traded as low as $4.63. Exp World shares last traded at $4.74, with a volume of 1,158,677 shares trading hands.

Wall Street Analyst Weigh In

AGNT has been the subject of a number of recent research reports. Benchmark initiated coverage on shares of Exp World in a report on Thursday, March 26th. They issued a “buy” rating and a $8.00 price objective for the company. 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 report on Friday, March 20th. They set an “underperform” rating and a $4.75 price target for the company. Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a report on Wednesday, May 27th. Finally, DA Davidson cut their price target on shares of Exp World from $11.00 to $10.25 and set a “buy” rating for the company in a report on Tuesday, May 12th. One research 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, the company has a consensus rating of “Hold” and an average price target of $7.67.

Exp World Stock Performance

The stock has a market cap of $778.88 million, a PE ratio of -47.40 and a beta of 2.11. The stock’s 50-day moving average is $5.56 and its two-hundred day moving average is $7.43.

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 analysts’ consensus estimates 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%. Analysts forecast that Exp World Holdings, Inc. will post 0.08 EPS for the current year.

Exp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.2%. Exp World’s dividend payout ratio (DPR) is presently -200.00%.

Hedge Funds Weigh In On Exp World

A number of hedge funds have recently made changes to their positions in the stock. Commonwealth Financial Services LLC purchased a new position in shares of Exp World during the 1st quarter worth approximately $111,000. SEB Asset Management AB purchased a new position in shares of Exp World during the 1st quarter worth approximately $587,000. Illinois Municipal Retirement Fund boosted its position 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 worth $324,000 after purchasing an additional 1,872 shares during the period. Fifth Third Bancorp boosted its position in shares of Exp World by 2,697.1% during the 1st quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock worth $129,000 after purchasing an additional 20,687 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Exp World during the 1st quarter worth approximately $241,000. Hedge funds and other institutional investors 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.