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

Exp World Holdings, Inc. (NASDAQ:AGNTGet Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $4.59 and last traded at $4.76, with a volume of 55310 shares trading hands. The stock had previously closed at $4.73.

Wall Street Analysts Forecast Growth

AGNT has been the topic of several analyst reports. Zelman & Associates initiated coverage on Exp World in a report on Friday, March 20th. They set an “underperform” rating and a $4.75 price objective on the stock. Benchmark started coverage on shares of Exp World in a research report on Thursday, March 26th. They set a “buy” rating and a $8.00 price objective for the company. Wall Street Zen upgraded Exp World to a “hold” rating in a research note on Sunday, May 10th. 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 note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Exp World currently has an average rating of “Hold” and an average target price of $7.67.

Get Our Latest Analysis on Exp World

Exp World Stock Down 0.2%

The company has a 50 day moving average of $6.06 and a two-hundred day moving average of $8.25. The firm has a market cap of $775.59 million, a P/E ratio of -47.20 and a beta of 2.20.

Exp World (NASDAQ:AGNTGet Free Report) last announced 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. Exp World had a negative return on equity of 7.05% and a negative net margin of 0.35%.The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $971.32 million. Research analysts expect 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 will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, May 22nd. Exp World’s payout ratio is -200.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Exp World by 13.1% during 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. Bank of America Corp DE lifted its holdings in shares of Exp World by 73.3% during the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after buying an additional 1,391,582 shares during the last quarter. UBS Group AG lifted its holdings in shares of Exp World by 81.7% during the fourth quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock worth $16,093,000 after buying an additional 799,587 shares during the last quarter. Millennium Management LLC raised its position in shares of Exp World by 126.7% during the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock valued at $8,856,000 after buying an additional 506,121 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Exp World by 55.8% during the second quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock valued at $10,720,000 after buying an additional 421,740 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

About Exp World

(Get Free Report)

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.

Further Reading

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