Exp World (NASDAQ:AGNT) Stock Price Down 5.7% - Time to Sell?

Key Points

• Exp World shares fell 5.7% to about $3.46 in mid-day trading, below both the 50-day moving average of $4.06 and the 200-day average of $4.95.
• Analyst sentiment remains cautious: the stock has an average rating of “Reduce” and an average price target of $5.17, although ratings range from Buy to Sell.
• The company missed quarterly earnings expectations, reporting a loss of $0.02 per share versus the expected $0.08 profit. Revenue rose 10.7% year over year to $1.45 billion, while the company continues to pay a $0.05 quarterly dividend despite negative earnings.

Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report)'s share price traded down 5.7% during mid-day trading on Thursday. The company traded as low as $3.45 and last traded at $3.46. Approximately 267,695 shares were traded during mid-day trading, a decline of 79% from the average daily volume of 1,277,967 shares. The stock had previously closed at $3.67.

Analyst Ratings Changes

Several brokerages recently issued reports on AGNT. Benchmark reduced their price objective on Exp World from $8.00 to $6.00 and set a "buy" rating for the company in a report on Wednesday, August 5th. Weiss Ratings downgraded shares of Exp World from a "sell (d+)" rating to a "sell (d)" rating in a report on Friday, September 25th. Zacks Research upgraded Exp World from a "strong sell" rating to a "hold" rating in a research report on Wednesday, September 23rd. Finally, DA Davidson cut their price target on Exp World from $6.50 to $4.75 and set a "neutral" rating for the company in a report 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's stock. According to MarketBeat.com, Exp World presently has an average rating of "Reduce" and an average price target of $5.17.

Exp World Stock Performance

The business has a fifty day moving average price of $4.06 and a 200 day moving average price of $4.95. The firm has a market capitalization of $594.84 million, a price-to-earnings ratio of -32.91 and a beta of 2.05.

Exp World (NASDAQ:AGNT - Get Free Report) last issued 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). Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The firm had revenue of $1.45 billion for the quarter. Exp World's revenue was up 10.7% on a year-over-year basis. On average, analysts expect that Exp World Holdings, Inc. will post 0.15 earnings per share for the current year.

Exp World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.5%. The ex-dividend date of this dividend was Friday, August 14th. Exp World's payout ratio is presently -181.82%.

Insider Buying and Selling

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 value of $31,991,307.20. Following 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 document filed with the SEC, which is available at the SEC website. 26.59% of the stock is owned by corporate insiders.

Institutional Trading of Exp World

Institutional investors and hedge funds have recently modified their holdings of the business. Cim Investment Management Inc. bought a new position in Exp World in the second quarter worth about $136,000. Philadelphia Investment Partners LLC acquired a new stake in shares of Exp World in the 2nd quarter worth about $46,000. Citizens Financial Group Inc. RI acquired a new position in Exp World during the 2nd quarter valued at about $279,000. Commonwealth Financial Services LLC acquired a new stake in shares of Exp World in the first quarter valued at approximately $111,000. Finally, SEB Asset Management AB bought a new position in Exp World in the 1st quarter worth approximately $587,000. 27.17% of the stock is owned by institutional investors and hedge funds.

Exp World Company Profile

eXp World Holdings, Inc is a cloud-based real estate services company best known for operating eXp Realty, a residential real estate brokerage. Through its virtual business model, eXp Realty provides real estate professionals with brokerage support, training, collaboration tools and technology designed to help agents serve buyers and sellers.

The company also operates eXp Commercial, which focuses on commercial real estate services. Its broader technology platform has included virtual collaboration and workplace solutions intended to support distributed organizations and real estate professionals.

eXp World Holdings was founded in 2002 by Glenn Sanford, who serves as its chairman and chief executive officer.

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