Exp World (NASDAQ:AGNT) Hits New 1-Year Low - What's Next?

Key Points

• Exp World shares hit a new 52-week low, falling to $3.63 before closing at $3.69, down 7.3%. The stock trades below its 50-day and 200-day moving averages.
• Analyst sentiment is cautious, with a consensus “Reduce” rating and an average price target of $5.17. Recent firms lowered their targets, while ratings include three Sells, one Hold, and one Buy.
• The company missed quarterly earnings expectations, reporting a loss of $0.02 per share versus an expected $0.08 profit, despite revenue increasing 10.7% year over year. Exp World also paid a $0.05 quarterly dividend, while a major shareholder sold 8.69 million shares.

Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) reached a new 52-week low on Thursday . The company traded as low as $3.63 and last traded at $3.69, with a volume of 1935781 shares. The stock had previously closed at $3.98.

Wall Street Analysts Forecast Growth

AGNT has been the topic of a number of recent research reports. Weiss Ratings cut shares of Exp World from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, August 20th. Zacks Research lowered shares of Exp World from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th. DA Davidson dropped their price target on shares of Exp World from $6.50 to $4.75 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th. Finally, Benchmark cut their price objective on shares of Exp World from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $5.17.

Exp World Stock Down 7.3%

The firm has a market cap of $606.34 million, a P/E ratio of -33.55 and a beta of 2.05. The business's 50 day moving average is $4.35 and its 200-day moving average is $5.27.

Exp World (NASDAQ:AGNT - Get Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). The company had revenue of $1.45 billion for the quarter. Exp World had a negative net margin of 0.35% and a negative return on equity of 5.43%. The business's quarterly revenue was up 10.7% compared to the same quarter last year. As a group, equities analysts predict that Exp World Holdings, Inc. will post -0.07 earnings per share for the current year.

Exp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend was Friday, August 14th. Exp World's payout ratio is currently -181.82%.

Insider Transactions at Exp World

In other Exp World news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $3.68, for a total transaction of $31,991,307.20. Following the sale, the insider owned 18,037,824 shares in the company, valued at $66,379,192.32. This represents a 32.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 26.59% of the stock is owned by insiders.

Institutional Investors Weigh In On Exp World

A number of institutional investors have recently made changes to their positions in the company. Root Financial Partners LLC acquired a new stake in shares of Exp World during the 4th quarter valued at approximately $25,000. PNC Financial Services Group Inc. increased its stake in Exp World by 139.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company's stock valued at $31,000 after purchasing an additional 1,998 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Exp World during the fourth quarter valued at $37,000. Geneos Wealth Management Inc. raised 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. Finally, Philadelphia Investment Partners LLC acquired a new stake in shares of Exp World during the second quarter worth $46,000. 27.17% of the stock is currently 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.

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