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

Exp World Holdings, Inc. (NASDAQ:AGNT) shares hit a new 52-week low during trading on Tuesday . The company traded as low as $4.59 and last traded at $4.76, with a volume of 55310 shares trading hands. The stock had previously closed at $4.73.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Benchmark assumed coverage on Exp World in a research note on Thursday, March 26th. They issued a “buy” rating and a $8.00 target price for the company. Zelman & Associates initiated coverage on shares of Exp World in a research report on Friday, March 20th. They issued an “underperform” rating and a $4.75 price target for the company. DA Davidson dropped their price target on shares of Exp World from $11.00 to $10.25 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Finally, Wall Street Zen upgraded Exp World to a “hold” rating in a research note on Sunday, May 10th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.67.

Exp World Trading Down 0.2%

The stock’s 50 day moving average is $6.06 and its two-hundred day moving average is $8.25. The stock has a market capitalization of $775.59 million, a price-to-earnings ratio of -47.20 and a beta of 2.20.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%.The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $971.32 million. On average, research analysts anticipate that Exp World Holdings, Inc. will post 0.08 earnings per share for the current year.

Exp World Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.20 annualized dividend and a yield of 4.2%. Exp World’s dividend payout ratio (DPR) is currently -200.00%.

Institutional Investors Weigh In On Exp World

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans lifted its holdings in shares of Exp World by 1.8% during the second quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock worth $575,000 after buying an additional 1,126 shares in the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Exp World by 2.8% in the third quarter. Illinois Municipal Retirement Fund now owns 43,569 shares of the technology company’s stock valued at $464,000 after buying an additional 1,198 shares in the last quarter. Raymond James Financial Inc. raised its position in shares of Exp World by 14.6% in the third quarter. Raymond James Financial Inc. now owns 11,609 shares of the technology company’s stock valued at $124,000 after buying an additional 1,475 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Exp World by 73.4% in the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock valued at $40,000 after buying an additional 1,516 shares in the last quarter. Finally, Optimize Financial Inc raised its position in shares of Exp World by 12.4% in the third quarter. Optimize Financial Inc now owns 16,255 shares of the technology company’s stock valued at $173,000 after buying an additional 1,798 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

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.