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

Exp World Holdings, Inc. (NASDAQ:AGNT)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $4.50 and last traded at $4.50, with a volume of 1238 shares changing hands. The stock had previously closed at $4.52.

Wall Street Analyst Weigh In

A number of research firms recently commented on AGNT. Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Wall Street Zen raised shares of Exp World to a “hold” rating in a report on Sunday, May 10th. Benchmark assumed coverage on shares of 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 started coverage on shares of Exp World in a report on Friday, March 20th. They issued an “underperform” rating and a $4.75 target price for the company. Finally, DA Davidson dropped their price target on shares of Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $7.67.

Exp World Price Performance

The company has a market capitalization of $773.97 million, a P/E ratio of -47.10 and a beta of 2.11. The firm has a fifty day moving average price of $5.44 and a 200-day moving average price of $7.20.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) EPS for the quarter, beating 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 company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $971.32 million. On average, research analysts forecast that Exp World Holdings, Inc. will post 0.08 EPS for the current year.

Exp World Announces Dividend

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

Hedge Funds Weigh In On Exp World

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its position in Exp World by 13.1% in the third quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company’s stock worth $143,084,000 after buying an additional 1,557,600 shares during the last quarter. AMG National Trust Bank bought a new stake in shares of Exp World in the third quarter valued at $1,189,000. UBS Group AG lifted its position in shares of Exp World by 81.7% during the 4th quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock valued at $16,093,000 after buying an additional 799,587 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Exp World during the 3rd quarter worth $1,060,000. Finally, Northwestern Mutual Wealth Management Co. grew its stake in shares of Exp World by 106,586.0% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 213,372 shares of the technology company’s stock worth $1,931,000 after acquiring an additional 213,172 shares during the period. 27.17% of the stock is owned by hedge funds and other institutional investors.

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.