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

Exp World Holdings, Inc. (NASDAQ:AGNT) gapped down prior to trading 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 trading hands.

Analyst Ratings Changes

Several brokerages have recently weighed in on AGNT. Zelman & Associates assumed coverage on shares of Exp World in a research note on Friday, March 20th. They set an “underperform” rating and a $4.75 target price for the company. Benchmark started coverage on Exp World in a research report on Thursday, March 26th. They issued a “buy” rating and a $8.00 price target on the stock. DA Davidson reaffirmed a “neutral” rating and set a $6.50 price objective (down from $10.25) on shares of Exp World in a research report on Thursday. Wall Street Zen raised Exp World to a “hold” rating in a research report on Sunday, May 10th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a report on Wednesday, May 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Exp World has a consensus rating of “Hold” and a consensus price target of $6.42.

Exp World Stock Performance

The company has a market cap of $874.18 million, a price-to-earnings ratio of -53.19 and a beta of 2.06. The company’s 50 day moving average price is $5.26 and its 200 day moving average price is $6.88.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings results on Monday, May 11th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $971.32 million. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. Sell-side 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. This represents a $0.20 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Friday, May 22nd. Exp World’s payout ratio is currently -200.00%.

Hedge Funds Weigh In On Exp World

Large investors have recently modified their holdings of the business. Root Financial Partners LLC acquired a new stake in shares of Exp World in the 4th quarter valued at approximately $25,000. PNC Financial Services Group Inc. grew its holdings in Exp World by 139.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,998 shares during the period. Kemnay Advisory Services Inc. acquired a new position in Exp World during the fourth quarter worth $37,000. Geneos Wealth Management Inc. raised its position in Exp World by 41.2% in the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after acquiring an additional 1,856 shares in the last quarter. Finally, CWM LLC raised its position in Exp World by 632.6% in the fourth quarter. CWM LLC now owns 9,070 shares of the technology company’s stock worth $82,000 after acquiring an additional 7,832 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

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.