Exp World (NASDAQ:AGNT) Sets New 1-Year Low – Should You Sell?

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Weiss Ratings cut Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. Citizens Jmp initiated coverage on Exp World in a report on Wednesday. They issued a “market outperform” rating and a $6.00 price objective on the stock. Wall Street Zen upgraded Exp World from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 23rd. Finally, Benchmark reduced their target price on Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Wednesday, August 5th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.38.

Exp World Price Performance

The business’s 50 day moving average price is $4.01 and its 200 day moving average price is $4.79. The firm has a market cap of $631.00 million, a PE ratio of -34.91 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). The company had revenue of $1.45 billion during the quarter. Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. The business’s revenue for the quarter was up 10.7% compared to the same quarter last year. As a group, 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 disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.2%. The ex-dividend date was Friday, August 14th. Exp World’s payout ratio is -181.82%.

Insider Activity at Exp World

In other Exp World news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 26.59% of the stock is owned by insiders.

Institutional Trading of Exp World

A number of institutional investors have recently made changes to their positions in AGNT. OP Asset Management Ltd purchased a new stake in shares of Exp World during the first quarter worth approximately $2,451,000. SEB Asset Management AB acquired a new position in Exp World in the 1st quarter valued at $587,000. Citizens Financial Group Inc. RI purchased a new position in Exp World in the 2nd quarter valued at $279,000. Louisiana State Employees Retirement System purchased a new position in Exp World in the 1st quarter valued at $241,000. Finally, Cim Investment Management Inc. purchased a new position in Exp World in the 2nd quarter valued at $136,000. 27.17% of the stock is owned by institutional investors and hedge funds.

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.