Exp World (NASDAQ:AGNT) Hits New 12-Month Low – Should You Sell?

Exp World Holdings, Inc. (NASDAQ:AGNT)’s share price hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $4.26 and last traded at $4.27, with a volume of 155901 shares traded. The stock had previously closed at $4.43.

Analyst Ratings Changes

Several brokerages have weighed in on AGNT. Wall Street Zen upgraded Exp World to a “hold” rating in a research note on Sunday, May 10th. DA Davidson reiterated a “neutral” rating and issued a $6.50 target price (down from $10.25) on shares of Exp World in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a report on Wednesday, May 27th. Finally, Benchmark initiated coverage on shares of Exp World in a research report on Thursday, March 26th. They set a “buy” rating and a $8.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Exp World has a consensus rating of “Hold” and a consensus target price of $6.42.

Exp World Price Performance

The company has a market capitalization of $700.02 million, a P/E ratio of -42.60 and a beta of 2.06. The firm has a fifty day moving average price of $4.85 and a 200-day moving average price of $6.44.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) EPS for the quarter, topping 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 for the quarter, compared to analyst estimates of $971.32 million. On average, research analysts forecast that Exp World Holdings, Inc. will post 0.08 EPS for the current year.

Exp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 4.7%. The ex-dividend date of this dividend was Friday, May 22nd. Exp World’s payout ratio is -200.00%.

Institutional Trading of Exp World

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in shares of Exp World by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock valued at $127,725,000 after acquiring an additional 690,694 shares during the period. State Street Corp lifted its stake in Exp World by 4.6% in the fourth 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 during the last quarter. Bank of America Corp DE lifted its stake in Exp World by 73.3% in the second 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 during the last quarter. Renaissance Technologies LLC grew its holdings in Exp World by 4.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock valued at $24,043,000 after purchasing an additional 116,900 shares during the period. Finally, Geode Capital Management LLC grew its holdings in Exp World by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock valued at $21,891,000 after purchasing an additional 38,134 shares during the period. Hedge funds and other 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.