Exp World (NASDAQ:AGNT) Shares Gap Down – Time to Sell?

Shares of Exp World Holdings, Inc. (NASDAQ:AGNT) gapped down before the market opened on Thursday . The stock had previously closed at $5.69, but opened at $5.45. Exp World shares last traded at $5.33, with a volume of 303,222 shares traded.

Analyst Ratings Changes

AGNT has been the topic of a number of recent research reports. 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 research report on Sunday, May 10th. Benchmark started coverage on shares of Exp World in a report on Thursday, March 26th. They set a “buy” rating and a $8.00 target price for the company. Zelman & Associates initiated coverage on shares of Exp World in a research note on Friday, March 20th. They issued an “underperform” rating and a $4.75 price target on the stock. Finally, DA Davidson reissued a “neutral” rating and set a $6.50 price target (down from $10.25) on shares of Exp World in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $6.42.

Exp World Trading Down 7.2%

The company has a market cap of $867.63 million, a P/E ratio of -52.79 and a beta of 2.06. The business has a 50 day moving average price of $5.31 and a 200-day moving average price of $6.93.

Exp World (NASDAQ:AGNT) last issued its earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $971.32 million. On average, sell-side analysts expect that Exp World Holdings, Inc. will post 0.08 earnings per share for the current year.

Exp World Announces Dividend

The company also recently disclosed 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. The ex-dividend date was Friday, May 22nd. This represents a $0.20 annualized dividend and a dividend yield of 3.8%. Exp World’s payout ratio is currently -200.00%.

Institutional Investors Weigh In On Exp World

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake 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 valued at $143,084,000 after buying an additional 1,557,600 shares during the period. UBS Group AG boosted its stake 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 worth $16,093,000 after acquiring an additional 799,587 shares during the period. WINTON GROUP Ltd bought a new position in shares of Exp World during the 3rd quarter worth approximately $1,060,000. Northwestern Mutual Wealth Management Co. increased its holdings 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 last quarter. Finally, OP Asset Management Ltd acquired a new position in shares of Exp World during the 1st quarter worth approximately $2,451,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.