Exp World (NASDAQ:AGNT) Major Shareholder Sells 8,693,290 Shares of Stock

Exp World Holdings, Inc. (NASDAQ:AGNT) major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $3.68, for a total transaction of $31,991,307.20. Following the sale, the insider directly owned 18,037,824 shares of the company’s stock, valued at $66,379,192.32. The trade was a 32.52% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Exp World Stock Performance

AGNT traded down $0.05 during trading on Tuesday, hitting $3.98. The stock had a trading volume of 2,000,971 shares, compared to its average volume of 1,134,501. The stock has a 50 day simple moving average of $4.39 and a two-hundred day simple moving average of $5.30. Exp World Holdings, Inc. has a twelve month low of $3.68 and a twelve month high of $12.23. The company has a market capitalization of $653.99 million, a PE ratio of -36.18 and a beta of 2.05.

Exp World (NASDAQ:AGNT) last issued its quarterly earnings results on Tuesday, August 4th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). Exp World had a negative return on equity of 5.43% and a negative net margin of 0.35%.The business had revenue of $1.45 billion for the quarter. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, equities research analysts anticipate that Exp World Holdings, Inc. will post -0.07 EPS for the current year.

Exp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 28th. Investors of record on Friday, August 14th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Friday, August 14th. Exp World’s dividend payout ratio is currently -181.82%.

Hedge Funds Weigh In On Exp World

A number of institutional investors have recently modified their holdings of the stock. Philadelphia Investment Partners LLC purchased a new stake in shares of Exp World in the second quarter worth about $46,000. Citizens Financial Group Inc. RI acquired a new stake in shares of Exp World during the 2nd quarter worth approximately $279,000. Commonwealth Financial Services LLC purchased a new position in shares of Exp World during the 1st quarter valued at approximately $111,000. SEB Asset Management AB purchased a new position in shares of Exp World during the 1st quarter valued at approximately $587,000. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of 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 purchasing an additional 1,872 shares during the period. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on AGNT shares. Zacks Research lowered Exp World from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Benchmark dropped 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. Weiss Ratings cut shares of Exp World from a “sell (d+)” rating to a “sell (d)” rating in a report on Thursday, August 20th. Finally, DA Davidson lowered their price objective on shares of Exp World from $6.50 to $4.75 and set a “neutral” rating for the company in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $5.17.

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.