Exp World (NASDAQ:AGNT) Stock Price Down 5.6% – Time to Sell?

Exp World Holdings, Inc. (NASDAQ:AGNT) shares were down 5.6% during trading on Monday . The company traded as low as $5.01 and last traded at $5.02. Approximately 209,430 shares were traded during mid-day trading, a decline of 82% from the average daily volume of 1,152,681 shares. The stock had previously closed at $5.32.

Analyst Ratings Changes

A number of research firms have recently weighed in on AGNT. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a research report on Wednesday, May 27th. Zelman & Associates began coverage on Exp World in a research note on Friday, March 20th. They issued an “underperform” rating and a $4.75 price target for the company. Benchmark started coverage on Exp World in a report on Thursday, March 26th. They set a “buy” rating and a $8.00 price target on the stock. DA Davidson restated a “neutral” rating and issued a $6.50 price objective (down from $10.25) on shares of Exp World in a research report on Thursday. Finally, Wall Street Zen upgraded Exp World to a “hold” rating in a research report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $6.42.

Exp World Trading Down 3.4%

The stock has a market capitalization of $844.60 million, a PE ratio of -51.39 and a beta of 2.06. The firm’s 50-day moving average price is $5.26 and its 200-day moving average price is $6.86.

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

Exp World Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Friday, May 22nd. Exp World’s payout ratio is currently -200.00%.

Hedge Funds Weigh In On Exp World

A number of institutional investors have recently modified their holdings of the stock. Thrivent Financial for Lutherans raised its stake 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 valued at $575,000 after acquiring an additional 1,126 shares in the last quarter. Raymond James Financial Inc. raised its position in Exp World by 14.6% during the 3rd quarter. Raymond James Financial Inc. now owns 11,609 shares of the technology company’s stock valued at $124,000 after purchasing an additional 1,475 shares in the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after buying an additional 1,856 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in shares of Exp World by 3.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after buying an additional 1,872 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Exp World by 139.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after buying an additional 1,998 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

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.