Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) shares crossed below its 50 day moving average during trading on Friday following a weaker than expected earnings announcement. The stock has a 50 day moving average of $3.86 and traded as low as $3.08. Exp World shares last traded at $3.10, with a volume of 2,865,865 shares changing hands.
The technology company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.10). Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%. The business had revenue of $1.39 billion for the quarter. The firm's revenue for the quarter was up 5.8% on a year-over-year basis.
Analyst Ratings Changes
Several brokerages have issued reports on AGNT. Benchmark lowered their price objective on shares of Exp World from $8.00 to $6.00 and set a "buy" rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings downgraded Exp World from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, September 25th. Wall Street Zen lowered shares of Exp World from a "buy" rating to a "hold" rating in a research report on Saturday, October 17th. 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, DA Davidson reduced 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. Two research analysts have 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, the stock currently has a consensus rating of "Hold" and an average price target of $5.38.
Read Our Latest Stock Report on Exp World
Insider Transactions at Exp World
In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the firm's stock in a transaction dated 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 completion of the sale, the insider directly owned 18,037,824 shares in the company, valued at $66,379,192.32. This trade represents a 32.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 26.59% of the company's stock.
Institutional Trading of Exp World
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Citizens Financial Group Inc. RI acquired a new stake in Exp World in the 3rd quarter worth approximately $186,000. Quadrant Capital Group LLC acquired a new stake in Exp World in the 3rd quarter worth $317,000. Cim Investment Management Inc. bought a new position in shares of Exp World during the 2nd quarter worth about $136,000. Philadelphia Investment Partners LLC bought a new position in shares of Exp World during the 2nd quarter worth about $46,000. Finally, Illinois Municipal Retirement Fund raised its position in shares of Exp World by 3.6% during 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 during the last quarter. 27.17% of the stock is currently owned by institutional investors.
Exp World Price Performance
The company's 50 day moving average is $3.86 and its two-hundred day moving average is $5.32. The firm has a market cap of $509.39 million, a P/E ratio of -19.38 and a beta of 1.94.
About Exp World
(
Get Free Report)
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.
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