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

Key Points

• Gratitude 2022 Trust sold 8.69 million Exp World shares for approximately $32.0 million, reducing its stake by 32.5% while retaining about 18.0 million shares.
• Exp World shares fell 1.2% to $3.98, near their 12-month low of $3.68. The company recently missed quarterly earnings expectations, reporting a $0.02 loss per share versus the $0.08 expected.
• Analyst sentiment is largely negative, with a consensus “Reduce” rating and a $5.17 target price; the company also maintains a $0.20 annualized dividend, yielding about 5.0%.

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 firm's stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $3.68, for a total transaction of $31,991,307.20. Following the completion of the sale, the insider directly owned 18,037,824 shares of the company's stock, valued at approximately $66,379,192.32. The trade was a 32.52% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Exp World Trading Down 1.2%

Shares of NASDAQ AGNT traded down $0.05 during midday trading on Tuesday, hitting $3.98. The company's stock had a trading volume of 2,000,971 shares, compared to its average volume of 1,134,501. Exp World Holdings, Inc. has a 12-month low of $3.68 and a 12-month high of $12.23. The firm has a market cap of $653.99 million, a P/E ratio of -36.18 and a beta of 2.05. The business's 50 day moving average is $4.39 and its two-hundred day moving average is $5.30.

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

Exp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 28th. Stockholders of record on Friday, August 14th were issued a $0.05 dividend. The ex-dividend date was Friday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.0%. Exp World's dividend payout ratio is presently -181.82%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Weiss Ratings cut shares of Exp World from a "sell (d+)" rating to a "sell (d)" rating in a research report on Thursday, August 20th. Zacks Research lowered shares of Exp World from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 6th. Benchmark lowered their price target on Exp World from $8.00 to $6.00 and set a "buy" rating for the company in a report on Wednesday, August 5th. Finally, DA Davidson dropped their price objective on Exp World from $6.50 to $4.75 and set a "neutral" rating on the stock in a research note on Wednesday, August 5th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Reduce" and a consensus target price of $5.17.

Hedge Funds Weigh In On Exp World

A number of large investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in shares of Exp World in the 4th quarter valued at $25,000. PNC Financial Services Group Inc. boosted its position 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 valued at $31,000 after purchasing an additional 1,998 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Exp World in the fourth quarter valued at about $37,000. Philadelphia Investment Partners LLC purchased a new position in Exp World in the second quarter valued at about $46,000. Finally, Geneos Wealth Management Inc. raised its holdings 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 purchasing an additional 1,856 shares in the last quarter. 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.

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