Exp World (NASDAQ:AGNT) Shares Down 5.5% – Here’s What Happened

Exp World Holdings, Inc. (NASDAQ:AGNT) traded down 5.5% on Friday. The stock traded as low as $3.77 and last traded at $3.79. Approximately 215,660 shares changed hands during trading, a decline of 83% from the average daily volume of 1,294,617 shares. The stock had previously closed at $4.01.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 23rd. Wall Street Zen raised Exp World from a “hold” rating to a “buy” rating in a research report on Saturday, October 3rd. Weiss Ratings downgraded Exp World from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. DA Davidson decreased their price target on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating on the stock in a research note on Wednesday, August 5th. Finally, Benchmark decreased their target price on shares of Exp World from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Exp World has a consensus rating of “Reduce” and an average target price of $5.17.

Exp World Price Performance

The stock has a market capitalization of $622.79 million, a price-to-earnings ratio of -34.45 and a beta of 2.06. The firm has a 50 day simple moving average of $4.04 and a 200-day simple moving average of $4.86.

Exp World (NASDAQ:AGNT) last announced its earnings results on Tuesday, August 4th. The technology company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). The business had revenue of $1.45 billion during the quarter. Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts forecast that Exp World Holdings, Inc. will post 0.15 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 28th. Shareholders of record on Friday, August 14th were paid 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 yield of 5.3%. Exp World’s dividend payout ratio (DPR) is presently -181.82%.

Insider Activity

In other Exp World news, major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $3.68, for a total transaction of $31,991,307.20. Following the transaction, the insider owned 18,037,824 shares in the company, valued at approximately $66,379,192.32. This trade represents a 32.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 26.59% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Exp World

Several institutional investors have recently modified their holdings of the business. Illinois Municipal Retirement Fund raised its position in Exp World by 3.6% during the first quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock worth $324,000 after acquiring an additional 1,872 shares in the last quarter. Philadelphia Investment Partners LLC acquired a new stake in shares of Exp World during the second quarter worth $46,000. Commonwealth Financial Services LLC acquired a new position in shares of Exp World during the 1st quarter worth approximately $111,000. Fifth Third Bancorp raised its holdings in Exp World by 2,697.1% in the 1st quarter. Fifth Third Bancorp now owns 21,454 shares of the technology company’s stock valued at $129,000 after acquiring an additional 20,687 shares in the last quarter. Finally, Cim Investment Management Inc. acquired a new position in shares of Exp World in the 2nd quarter valued at approximately $136,000. Institutional investors own 27.17% of the company’s stock.

Exp World Company Profile

eXp World Holdings, Inc is a cloud-based real estate services and technology company best known for eXp Realty, an independent residential real estate brokerage. The company provides agents with brokerage services, transaction support, training, marketing resources and collaboration tools through a technology-driven operating model designed to support a geographically distributed workforce.

Through its broader platform, eXp World Holdings has also operated businesses focused on real estate education, media and digital collaboration.