Exp World (NASDAQ:AGNT) Sets New 1-Year Low - Should You Sell?

Key Points

• Exp World shares hit a new 52-week low of $3.40 and last traded at $3.82, below both their 50-day and 200-day moving averages. Analysts have a consensus “Hold” rating and an average price target of $5.38.
• The company’s latest quarterly results missed expectations, reporting a loss of $0.02 per share versus the projected $0.08 profit, although revenue rose 10.7% year over year to $1.45 billion.
• Investor risks include significant insider selling and an unsustainable dividend payout: a major shareholder sold 8.69 million shares, while the $0.20 annual dividend represents a 5.2% yield against a negative payout ratio.

Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) shares hit a new 52-week low on Thursday. The company traded as low as $3.40 and last traded at $3.82, with a volume of 173,013 shares changing hands. The stock had previously closed at $3.73.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AGNT shares. Wall Street Zen upgraded Exp World from a "hold" rating to a "buy" rating in a research note on Saturday, October 3rd. Weiss Ratings downgraded Exp World from a "sell (d+)" rating to a "sell (d)" rating in a research note on Friday, September 25th. Zacks Research upgraded Exp World from a "strong sell" rating to a "hold" rating in a research note on Wednesday, September 23rd. DA Davidson cut their price objective on Exp World from $6.50 to $4.75 and set a "neutral" rating on the stock in a report on Wednesday, August 5th. Finally, Citizens Jmp assumed coverage on Exp World in a research note on Wednesday. They issued a "market outperform" rating and a $6.00 price objective for the company. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company's stock. Based on data from MarketBeat, Exp World has a consensus rating of "Hold" and an average price target of $5.38.

Exp World Stock Up 2.9%

The stock's 50 day moving average price is $4.01 and its two-hundred day moving average price is $4.79. The stock has a market cap of $631.00 million, a price-to-earnings ratio of -34.91 and a beta of 2.06.

Exp World (NASDAQ:AGNT - Get Free Report) last posted its earnings results on Tuesday, August 4th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by ($0.10). The business 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%. Exp World's quarterly revenue was up 10.7% compared to the same quarter last year. On average, analysts predict that Exp World Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Friday, August 14th. Exp World's payout ratio is -181.82%.

Insider Activity

In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the company's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $3.68, for a total value 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 Securities & Exchange Commission, which is available through the SEC website. 26.59% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Exp World

A number of hedge funds and other institutional investors have recently made changes to their positions in AGNT. OP Asset Management Ltd purchased a new stake in Exp World during the first quarter worth $2,451,000. SEB Asset Management AB purchased a new position in Exp World in the first quarter valued at $587,000. Illinois Municipal Retirement Fund increased its holdings in Exp World by 3.6% in the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company's stock valued at $324,000 after buying an additional 1,872 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new position in shares of Exp World in the second quarter worth about $279,000. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Exp World in the first quarter worth about $241,000. Institutional investors and hedge funds own 27.17% of the company's stock.

Exp World Company Profile

eXp World Holdings, Inc is a cloud-based real estate services and technology company best known for eXp Realty, an independent residential real estate brokerage. The company provides agents with brokerage services, transaction support, training, marketing resources and collaboration tools through a technology-driven operating model designed to support a geographically distributed workforce.

Through its broader platform, eXp World Holdings has also operated businesses focused on real estate education, media and digital collaboration.

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