Exp World (NASDAQ:AGNT) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

Exp World Holdings, Inc. (NASDAQ:AGNT)’s stock price passed below its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $3.94 and traded as low as $3.85. Exp World shares last traded at $3.92, with a volume of 1,334,489 shares.

Wall Street Analyst Weigh In

AGNT has been the subject of several recent research reports. Wall Street Zen lowered shares of Exp World from a “buy” rating to a “hold” rating in a research report on Saturday, October 17th. DA Davidson reduced their target price on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a report on Wednesday, August 5th. Weiss Ratings downgraded shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 23rd. Finally, Citizens Jmp assumed coverage on shares of Exp World in a research note on Wednesday, October 14th. They set a “market outperform” rating and a $6.00 price target on the stock. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.38.

Exp World Stock Down 1.5%

The company has a fifty day simple moving average of $3.94 and a 200-day simple moving average of $5.51. The firm has a market cap of $644.13 million, a P/E ratio of -35.64 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%. The company had revenue of $1.45 billion during the quarter. The business’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, research analysts forecast that Exp World Holdings, Inc. will post 0.15 EPS for the current year.

Insider Activity

In related news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 18,037,824 shares of the company’s stock, valued at approximately $66,379,192.32. This represents a 32.52% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 26.59% of the company’s stock.

Institutional Investors Weigh In On Exp World

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SEB Asset Management AB purchased a new position in Exp World during the first quarter valued at approximately $587,000. Illinois Municipal Retirement Fund increased its stake in shares of Exp World by 3.6% in 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 in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Exp World in the third quarter worth $317,000. Citizens Financial Group Inc. RI purchased a new stake in shares of Exp World in the second quarter worth $279,000. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Exp World during the 1st quarter valued at $241,000. Institutional investors own 27.17% of the company’s stock.

About Exp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees. In addition, the company offers SUCCESS print magazine, SUCCESS.com portal, SUCCESS newsletters, SUCCESS podcasts, SUCCESS plus, SUCCESS speakers bureau, and SUCCESS coaching, podcasts, and digital training courses.