Exp World (NASDAQ:AGNT) Stock Falls 5.5% - Should You Sell?

Key Points

• Exp World shares fell 5.5% to $3.79, on trading volume well below average. The stock remains below its 50-day and 200-day moving averages.
• Analyst sentiment is cautious: the stock has a consensus rating of “Reduce” and an average price target of $5.17, despite some firms maintaining or upgrading it to Buy.
• The company missed quarterly EPS estimates, reporting a $0.02 loss versus expectations for $0.08 in earnings, while revenue increased 10.7% year over year. It pays a $0.20 annualized dividend yielding 5.3%, but a major shareholder recently sold 8.7 million shares.

Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) was down 5.5% on Friday. The company traded as low as $3.77 and last traded at $3.79. Approximately 215,660 shares were traded during trading, a decline of 83% from the average session volume of 1,294,617 shares. The stock had previously closed at $4.01.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AGNT. Benchmark reduced their price target on shares of Exp World from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Wednesday, August 5th. Zacks Research raised shares of Exp World from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 23rd. 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. Wall Street Zen raised shares of Exp World from a "hold" rating to a "buy" rating in a report on Saturday, October 3rd. Finally, DA Davidson dropped their price objective 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. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Exp World currently has a consensus rating of "Reduce" and an average target price of $5.17.

Exp World Price Performance

The stock's 50-day moving average is $4.04 and its 200 day moving average is $4.86. The stock has a market cap of $622.79 million, a price-to-earnings ratio of -34.45 and a beta of 2.06.

Exp World (NASDAQ:AGNT - Get Free Report) last posted its quarterly 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 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%. Exp World's quarterly revenue was up 10.7% compared to the same quarter last year. Analysts anticipate that Exp World Holdings, Inc. will post 0.15 EPS for the current year.

Exp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid a dividend of $0.05 per share. The ex-dividend date was Friday, August 14th. This represents a $0.20 annualized dividend and a yield of 5.3%. Exp World's dividend payout ratio is presently -181.82%.

Insider Transactions at Exp World

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 stock was sold at an average price of $3.68, for a total value of $31,991,307.20. Following the completion of the transaction, the insider directly owned 18,037,824 shares of the company's stock, valued at $66,379,192.32. This represents a 32.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 26.59% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of AGNT. OP Asset Management Ltd acquired a new position in Exp World in the 1st quarter valued at approximately $2,451,000. SEB Asset Management AB purchased a new position in Exp World in the first quarter valued at about $587,000. Illinois Municipal Retirement Fund increased its position in Exp World by 3.6% in the 1st 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 last quarter. Citizens Financial Group Inc. RI acquired a new stake in shares of Exp World during the 2nd quarter valued at about $279,000. Finally, Louisiana State Employees Retirement System acquired a new stake in Exp World in the first quarter valued at approximately $241,000. Hedge funds and other institutional investors own 27.17% of the company's stock.

About Exp World

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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