Exp World (NASDAQ:AGNT) Sets New 52-Week Low - Time to Sell?

Key Points

• Exp World hit a new 52-week low, falling 5.2% to an intraday low of $3.79, well below its 50-day and 200-day moving averages.
• Analyst sentiment is mixed but leans cautious: the consensus rating is “Hold” with a $6.42 price target, while DA Davidson cut its target to $6.50 and Weiss Ratings maintained a sell rating.
• The company exceeded quarterly revenue and EPS expectations, but it remains unprofitable, with a negative net margin and return on equity. Institutional investors own 27.17% of the stock, with several firms recently increasing their positions.

Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) 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 changing hands. The stock had previously closed at $4.02.

Analysts Set New Price Targets

AGNT has been the topic of several recent research reports. Wall Street Zen raised shares of Exp World to a "hold" rating in a report on Sunday, May 10th. DA Davidson reissued a "neutral" rating and set a $6.50 price target (down from $10.25) on shares of Exp World in a research report on Thursday, July 2nd. Finally, Weiss Ratings restated a "sell (d)" rating on shares of Exp World in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat.com, Exp World presently has an average rating of "Hold" and a consensus target price of $6.42.

Exp World Stock Down 5.2%

The stock has a market capitalization of $626.06 million, a price-to-earnings ratio of -38.10 and a beta of 2.06. The business's 50 day simple moving average is $4.78 and its 200-day simple moving average is $6.26.

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

Institutional Investors Weigh In On Exp World

A number of large investors have recently modified their holdings of the business. Thrivent Financial for Lutherans raised its holdings in shares of Exp World by 1.8% during the 2nd quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company's stock worth $575,000 after buying an additional 1,126 shares in the last quarter. Raymond James Financial Inc. grew its position in Exp World by 14.6% in 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. raised its stake in 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 acquiring an additional 1,856 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in 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 acquiring an additional 1,872 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings 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 acquiring an additional 1,998 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company's stock.

Exp World Company Profile

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.

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