Exp World (NASDAQ:AGNT) Hits New 1-Year Low – Here’s What Happened

Exp World Holdings, Inc. (NASDAQ:AGNT)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.50 and last traded at $4.50, with a volume of 1238 shares changing hands. The stock had previously closed at $4.52.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AGNT. Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. DA Davidson lowered their price target on shares of Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. Zelman & Associates began coverage on shares of Exp World in a research note on Friday, March 20th. They set an “underperform” rating and a $4.75 price target on the stock. Benchmark initiated coverage on shares of Exp World in a research note on Thursday, March 26th. They set a “buy” rating and a $8.00 price target on the stock. Finally, Wall Street Zen raised shares of Exp World to a “hold” rating in a report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.67.

Exp World Trading Up 4.2%

The business has a fifty day moving average of $5.44 and a 200-day moving average of $7.20. The firm has a market cap of $773.97 million, a PE ratio of -47.10 and a beta of 2.11.

Exp World (NASDAQ:AGNT) last posted its earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.02. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%.The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $971.32 million. On average, equities analysts forecast that Exp World Holdings, Inc. will post 0.08 EPS for the current year.

Exp World Announces Dividend

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

Institutional Trading of Exp World

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in Exp World by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock worth $127,725,000 after purchasing an additional 690,694 shares in the last quarter. State Street Corp grew its position in shares of Exp World by 4.6% during the 4th quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock valued at $29,856,000 after purchasing an additional 145,657 shares in the last quarter. Bank of America Corp DE grew its position in shares of 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. Renaissance Technologies LLC increased its holdings in shares of Exp World by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock worth $24,043,000 after purchasing an additional 116,900 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Exp World by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock worth $21,891,000 after purchasing an additional 38,134 shares during the period. 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.