Exp World (NASDAQ:AGNT) Reaches New 1-Year Low – Time to Sell?

Exp World Holdings, Inc. (NASDAQ:AGNT) shares reached a new 52-week low on Wednesday . The company traded as low as $3.60 and last traded at $3.62, with a volume of 543047 shares traded. The stock had previously closed at $3.83.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Weiss Ratings upgraded Exp World from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, September 9th. Benchmark dropped their target price on Exp World from $8.00 to $6.00 and set a “buy” rating for the company in a report on Wednesday, August 5th. Zacks Research downgraded Exp World from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Finally, DA Davidson lowered their price target on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research report on Wednesday, August 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $5.17.

Exp World Trading Down 6.5%

The company has a market capitalization of $588.27 million, a price-to-earnings ratio of -32.55 and a beta of 2.05. The stock’s fifty day simple moving average is $4.17 and its 200-day simple moving average is $5.06.

Exp World (NASDAQ:AGNT) last issued its earnings results on Tuesday, August 4th. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). The firm 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 was up 10.7% on a year-over-year basis. On average, analysts anticipate that Exp World Holdings, Inc. will post -0.07 EPS for the current fiscal year.

Exp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a $0.05 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 5.6%. Exp World’s payout ratio is currently -181.82%.

Insider Buying and Selling at Exp World

In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of Exp World stock in a transaction dated Thursday, September 3rd. The shares were 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 of the company’s stock, valued at $66,379,192.32. The trade was 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 accessible through this hyperlink. 26.59% of the stock is currently owned by corporate insiders.

Institutional Trading of Exp World

Several large investors have recently bought and sold shares of the company. OP Asset Management Ltd purchased a new position in Exp World during the 1st quarter valued at about $2,451,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Exp World by 106,586.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 213,372 shares of the technology company’s stock worth $1,931,000 after purchasing an additional 213,172 shares during the last quarter. WINTON GROUP Ltd raised its position in shares of Exp World by 5.2% during the 4th quarter. WINTON GROUP Ltd now owns 104,623 shares of the technology company’s stock worth $947,000 after purchasing an additional 5,214 shares during the last quarter. SEB Asset Management AB purchased a new stake in Exp World in the 1st quarter valued at approximately $587,000. Finally, Illinois Municipal Retirement Fund lifted its stake in Exp World by 3.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock valued at $324,000 after buying an additional 1,872 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Exp World Company Profile

eXp World Holdings, Inc is a cloud-based real estate services company best known for operating eXp Realty, a residential real estate brokerage. Through its virtual business model, eXp Realty provides real estate professionals with brokerage support, training, collaboration tools and technology designed to help agents serve buyers and sellers.

The company also operates eXp Commercial, which focuses on commercial real estate services. Its broader technology platform has included virtual collaboration and workplace solutions intended to support distributed organizations and real estate professionals.

eXp World Holdings was founded in 2002 by Glenn Sanford, who serves as its chairman and chief executive officer.