Gratitude 2022 Trust U/A/D 8/2 Sells 8,693,290 Shares of Exp World (NASDAQ:AGNT) Stock

Exp World Holdings, Inc. (NASDAQ:AGNT) major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $3.68, for a total value 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 represents a 32.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Exp World Price Performance

AGNT stock opened at $3.69 on Thursday. Exp World Holdings, Inc. has a 1 year low of $3.63 and a 1 year high of $12.23. The firm has a market capitalization of $606.34 million, a PE ratio of -33.55 and a beta of 2.05. The business has a 50 day simple moving average of $4.35 and a 200-day simple moving average of $5.27.

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

Exp World Announces Dividend

The business also recently announced 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 dividend yield of 5.4%. Exp World’s dividend payout ratio (DPR) is -181.82%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Exp World

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG raised its stake in shares of Exp World by 81.7% in the 4th quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock valued at $16,093,000 after acquiring an additional 799,587 shares during the period. Vanguard Group Inc. boosted its position in shares of Exp World by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock worth $127,725,000 after purchasing an additional 690,694 shares during the period. OP Asset Management Ltd purchased a new position in shares of Exp World during the 1st quarter worth approximately $2,451,000. Northwestern Mutual Wealth Management Co. increased its holdings in Exp World by 106,586.0% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 213,372 shares of the technology company’s stock valued at $1,931,000 after purchasing an additional 213,172 shares during the last quarter. Finally, SEB Asset Management AB acquired a new stake in Exp World in the 1st quarter valued at approximately $587,000. Hedge funds and other institutional investors 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.