Exp World (NASDAQ:AGNT) Stock Price Down 5.7% – Should You Sell?

Exp World Holdings, Inc. (NASDAQ:AGNT) was down 5.7% during trading on Thursday. The company traded as low as $3.45 and last traded at $3.46. Approximately 267,695 shares were traded during trading, a decline of 79% from the average session volume of 1,277,967 shares. The stock had previously closed at $3.67.

Wall Street Analyst Weigh In

AGNT has been the subject of a number of research analyst reports. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 23rd. DA Davidson lowered their price target on Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a report on Wednesday, August 5th. Benchmark dropped their price objective on shares of Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Wednesday, August 5th. Finally, Weiss Ratings lowered Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Friday, September 25th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $5.17.

Exp World Stock Performance

The firm has a market cap of $594.84 million, a P/E ratio of -32.91 and a beta of 2.05. The company has a 50-day moving average of $4.06 and a 200 day moving average of $4.95.

Exp World (NASDAQ:AGNT) last posted its quarterly earnings data on Tuesday, August 4th. The technology company reported ($0.02) earnings per share for the quarter, missing the consensus estimate 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 for the quarter was up 10.7% on a year-over-year basis. Sell-side analysts anticipate that Exp World Holdings, Inc. will post 0.15 EPS for the current fiscal year.

Exp World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.5%. Exp World’s dividend payout ratio (DPR) is currently -181.82%.

Insider Activity at Exp World

In other news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of Exp World stock in a transaction 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 completion of the sale, the insider directly owned 18,037,824 shares of the company’s stock, valued at approximately $66,379,192.32. This trade represents a 32.52% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 26.59% of the company’s stock.

Institutional Investors Weigh In On Exp World

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

About Exp World

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.