Exp World (NASDAQ:AGNT) Trading Down 7.2% – Here’s Why

Exp World Holdings, Inc. (NASDAQ:AGNT)’s stock price traded down 7.2% during trading on Thursday . The company traded as low as $3.96 and last traded at $3.97. Approximately 260,955 shares changed hands during mid-day trading, a decline of 78% from the average session volume of 1,161,438 shares. The stock had previously closed at $4.28.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. DA Davidson reaffirmed a “neutral” rating and set a $6.50 price objective (down from $10.25) on shares of Exp World in a research note on Thursday, July 2nd. Finally, Wall Street Zen upgraded Exp World to a “hold” rating in a report on Sunday, May 10th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Exp World presently has a consensus rating of “Hold” and a consensus price target of $6.42.

Exp World Price Performance

The stock has a market cap of $665.51 million, a PE ratio of -40.50 and a beta of 2.06. The business has a 50 day moving average price of $4.80 and a two-hundred day moving average price of $6.35.

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

Hedge Funds Weigh In On Exp World

A number of hedge funds have recently modified their holdings of AGNT. Root Financial Partners LLC bought a new position in shares of Exp World during the fourth quarter valued at about $25,000. PNC Financial Services Group Inc. grew its stake in shares of Exp World by 139.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,998 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in shares of Exp World in the fourth quarter worth about $37,000. Geneos Wealth Management Inc. grew its stake in shares of Exp World by 41.2% in the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,856 shares during the last quarter. Finally, CWM LLC increased its holdings in Exp World by 632.6% during the 4th quarter. CWM LLC now owns 9,070 shares of the technology company’s stock valued at $82,000 after purchasing an additional 7,832 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Exp World Company Profile

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.