Exp World (NASDAQ:AGNT) Stock Price Crosses Below 50-Day Moving Average – Here’s Why

Exp World Holdings, Inc. (NASDAQ:AGNT)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $5.56 and traded as low as $4.63. Exp World shares last traded at $4.74, with a volume of 1,158,677 shares changing hands.

Analyst Ratings Changes

AGNT has been the topic of several recent research reports. Wall Street Zen raised shares of Exp World to a “hold” rating in a report on Sunday, May 10th. DA Davidson lowered their price target on shares of Exp World from $11.00 to $10.25 and set a “buy” rating on the stock in a report on Tuesday, May 12th. Zelman & Associates assumed coverage on shares of Exp World in a report on Friday, March 20th. They issued an “underperform” rating and a $4.75 price target on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. Finally, Benchmark assumed coverage on shares of Exp World in a research note on Thursday, March 26th. They set a “buy” rating and a $8.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Exp World currently has a consensus rating of “Hold” and an average target price of $7.67.

Exp World Trading Up 2.4%

The firm’s 50-day moving average is $5.56 and its two-hundred day moving average is $7.43. The stock has a market cap of $778.88 million, a price-to-earnings ratio of -47.40 and a beta of 2.11.

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

Exp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.05 dividend. The ex-dividend date was Friday, May 22nd. This represents a $0.20 dividend on an annualized basis and a yield of 4.2%. Exp World’s dividend payout ratio is presently -200.00%.

Institutional Trading of Exp World

A number of hedge funds have recently bought and sold shares of the business. Commonwealth Financial Services LLC acquired a new stake in Exp World in the 1st quarter valued at about $111,000. SEB Asset Management AB acquired a new stake in Exp World in the 1st quarter valued at about $587,000. Illinois Municipal Retirement Fund raised its holdings in Exp World by 3.6% in the 1st quarter. Illinois Municipal Retirement Fund now owns 54,099 shares of the technology company’s stock valued at $324,000 after acquiring an additional 1,872 shares during the last quarter. 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 during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in Exp World in the 1st quarter valued at about $241,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

About Exp World

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.