Exp World Holdings, Inc. (NASDAQ:AGNT - Get Free Report) major shareholder Gratitude 2022 Trust U/A/D 8/2 sold 8,693,290 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $3.68, for a total value of $31,991,307.20. Following the completion of the transaction, the insider directly owned 18,037,824 shares of the company's stock, valued at approximately $66,379,192.32. This represents a 32.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
Exp World Stock Performance
Shares of AGNT stock opened at $3.98 on Wednesday. The stock's fifty day moving average is $4.39 and its two-hundred day moving average is $5.30. The firm has a market capitalization of $653.99 million, a P/E ratio of -36.18 and a beta of 2.05. Exp World Holdings, Inc. has a fifty-two week low of $3.68 and a fifty-two week high of $12.23.
Exp World (NASDAQ:AGNT - Get Free Report) last released its 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 firm's revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities analysts forecast that Exp World Holdings, Inc. will post -0.07 earnings per share for the current year.
Exp World Announces Dividend
The firm also recently declared 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. The ex-dividend date was Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 5.0%. Exp World's payout ratio is presently -181.82%.
Analyst Ratings Changes
AGNT has been the subject of a number of recent research reports. Benchmark cut their price objective on shares of Exp World from $8.00 to $6.00 and set a "buy" rating for the company in a report on Wednesday, August 5th. Weiss Ratings cut Exp World from a "sell (d+)" rating to a "sell (d)" rating in a report on Thursday, August 20th. DA Davidson dropped their price target on Exp World from $6.50 to $4.75 and set a "neutral" rating for the company in a research report on Wednesday, August 5th. Finally, Zacks Research cut Exp World from a "hold" rating to a "strong sell" rating in a report on Thursday, August 6th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Exp World has a consensus rating of "Reduce" and an average target price of $5.17.
View Our Latest Stock Analysis on AGNT
Institutional Investors Weigh In On Exp World
Several hedge funds and other institutional investors have recently bought and sold shares of AGNT. Bank of America Corp DE increased its holdings in shares of Exp World by 73.3% during the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company's stock worth $29,934,000 after buying an additional 1,391,582 shares during the last quarter. UBS Group AG raised its position in Exp World by 81.7% in the fourth quarter. UBS Group AG now owns 1,778,193 shares of the technology company's stock valued at $16,093,000 after purchasing an additional 799,587 shares during the period. Vanguard Group Inc. raised its position in Exp World by 5.1% in the fourth quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company's stock valued at $127,725,000 after purchasing an additional 690,694 shares during the period. Millennium Management LLC lifted its stake in shares of Exp World by 126.7% in the 1st quarter. Millennium Management LLC now owns 905,523 shares of the technology company's stock valued at $8,856,000 after purchasing an additional 506,121 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of Exp World by 55.8% in the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company's stock valued at $10,720,000 after purchasing an additional 421,740 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.
Exp World Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
