Principal Financial Group Inc. Sells 147,562 Shares of Exp World Holdings, Inc. $AGNT

Principal Financial Group Inc. decreased its position in shares of Exp World Holdings, Inc. (NASDAQ:AGNT) by 25.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 442,626 shares of the technology company’s stock after selling 147,562 shares during the period. Principal Financial Group Inc. owned 0.27% of Exp World worth $2,651,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial for Lutherans boosted its position in shares of Exp World by 1.8% in the second quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock worth $575,000 after purchasing an additional 1,126 shares during the period. Raymond James Financial Inc. raised its position in shares of Exp World by 14.6% during the 3rd quarter. Raymond James Financial Inc. now owns 11,609 shares of the technology company’s stock valued at $124,000 after purchasing an additional 1,475 shares during the period. Geneos Wealth Management Inc. lifted its stake in shares of Exp World by 41.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after buying an additional 1,856 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Exp World by 139.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock valued at $31,000 after buying an additional 1,998 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Exp World by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company’s stock worth $476,000 after buying an additional 2,042 shares during the period. Institutional investors own 27.17% of the company’s stock.

Analyst Ratings Changes

AGNT has been the subject of a number of analyst reports. Wall Street Zen upgraded Exp World to a “hold” rating in a research note on Sunday, May 10th. DA Davidson restated a “neutral” rating and issued a $6.50 price objective (down from $10.25) on shares of Exp World in a research report on Thursday, July 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a research note on Wednesday, May 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $6.42.

Exp World Stock Performance

AGNT stock opened at $3.83 on Thursday. The company’s fifty day moving average price is $4.76 and its 200-day moving average price is $6.22. Exp World Holdings, Inc. has a one year low of $3.72 and a one year high of $12.23. The company has a market capitalization of $629.35 million, a PE ratio of -38.30 and a beta of 2.06.

Exp World (NASDAQ:AGNT) last posted 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. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $971.32 million. Exp World had a negative net margin of 0.35% and a negative return on equity of 7.05%. On average, research analysts predict that Exp World Holdings, Inc. will post 0.08 EPS for the current fiscal year.

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.