Exp World (NASDAQ:AGNT) Reaches New 1-Year Low After Analyst Downgrade

Exp World Holdings, Inc. (NASDAQ:AGNT)’s stock price reached a new 52-week low during trading on Tuesday after DA Davidson lowered their price target on the stock from $11.00 to $10.25. DA Davidson currently has a buy rating on the stock. Exp World traded as low as $5.46 and last traded at $5.62, with a volume of 131277 shares changing hands. The stock had previously closed at $6.04.

Several other equities research analysts also recently weighed in on the company. Zelman & Associates started coverage on Exp World in a research report on Friday, March 20th. They issued an “underperform” rating and a $4.75 target price for the company. Wall Street Zen raised Exp World to a “hold” rating in a research report on Sunday. Finally, Benchmark assumed coverage on Exp World in a report on Thursday, March 26th. They issued a “buy” rating and a $8.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Exp World currently has a consensus rating of “Hold” and an average price target of $7.67.

Institutional Trading of Exp World

Hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Exp World by 13.1% in 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. Bank of America Corp DE grew its stake in Exp World by 73.3% during the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock valued at $29,934,000 after purchasing an additional 1,391,582 shares in the last quarter. UBS Group AG increased its holdings in 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. Millennium Management LLC increased its holdings in Exp World by 126.7% during the 1st quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock worth $8,856,000 after purchasing an additional 506,121 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Exp World by 55.8% in the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock valued at $10,720,000 after purchasing an additional 421,740 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

Exp World Trading Down 1.8%

The company has a market capitalization of $808.47 million, a price-to-earnings ratio of -49.20 and a beta of 2.20. The stock has a 50-day simple moving average of $6.19 and a 200-day simple moving average of $8.39.

Exp World (NASDAQ:AGNT) last released its quarterly earnings results 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 business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $971.32 million. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. On average, research analysts forecast that Exp World Holdings, Inc. will post 0.08 EPS for the current year.

Exp World Dividend Announcement

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

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.