Exp World (NASDAQ:AGNT) Sets New 1-Year Low – What’s Next?

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $3.79 and last traded at $3.82, with a volume of 855581 shares traded. The stock had previously closed at $4.02.

Analyst Ratings Changes

Several equities analysts recently commented on AGNT shares. DA Davidson reissued a “neutral” rating and issued a $6.50 price objective (down from $10.25) on shares of Exp World in a research note on Thursday, July 2nd. Wall Street Zen raised shares of Exp World to a “hold” rating in a research note on Sunday, May 10th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $6.42.

Exp World Price Performance

The firm has a 50-day simple moving average of $4.78 and a 200 day simple moving average of $6.26. The stock has a market capitalization of $626.06 million, a P/E ratio of -38.10 and a beta of 2.06.

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 the consensus estimate 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 company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $971.32 million. Sell-side analysts anticipate that Exp World Holdings, Inc. will post 0.08 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Exp World

Institutional investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its position in Exp World by 1.8% in the 2nd quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock valued at $575,000 after acquiring an additional 1,126 shares during the period. Raymond James Financial Inc. raised its stake in shares of Exp World by 14.6% during the third quarter. Raymond James Financial Inc. now owns 11,609 shares of the technology company’s stock valued at $124,000 after acquiring an additional 1,475 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,856 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in shares of Exp World by 3.6% during the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after purchasing an additional 1,872 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in shares of Exp World by 139.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,998 shares during the last quarter. 27.17% of the stock is owned by institutional investors.

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.