Optimize Financial Inc Boosts Stake in Exp World Holdings, Inc. $EXPI

Optimize Financial Inc lifted its stake in Exp World Holdings, Inc. (NASDAQ:EXPI) by 13.1% in the 1st quarter, HoldingsChannel reports. The firm owned 14,561 shares of the technology company’s stock after acquiring an additional 1,692 shares during the period. Optimize Financial Inc’s holdings in Exp World were worth $142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its position in shares of Exp World by 880.8% in the first quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company’s stock worth $47,000 after purchasing an additional 4,316 shares during the period. Rossby Financial LCC bought a new stake in shares of Exp World during the 1st quarter valued at $51,000. US Bancorp DE lifted its stake in shares of Exp World by 1,608.8% during the 1st quarter. US Bancorp DE now owns 11,244 shares of the technology company’s stock valued at $110,000 after buying an additional 10,586 shares in the last quarter. Hsbc Holdings PLC bought a new position in Exp World in the 1st quarter worth $132,000. Finally, Precision Wealth Strategies LLC boosted its holdings in Exp World by 26.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company’s stock worth $135,000 after buying an additional 2,867 shares during the period. 27.17% of the stock is owned by hedge funds and other institutional investors.

Exp World Stock Performance

NASDAQ EXPI opened at $11.08 on Wednesday. The stock has a 50 day moving average price of $10.43 and a 200-day moving average price of $9.55. Exp World Holdings, Inc. has a one year low of $6.90 and a one year high of $15.39. The company has a market capitalization of $1.74 billion, a P/E ratio of -55.40 and a beta of 2.01.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.13). Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the previous year, the firm earned $0.08 earnings per share. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. Exp World’s dividend payout ratio is -100.00%.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 8,700 shares of the stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $10.10, for a total value of $87,870.00. Following the sale, the director owned 527,190 shares in the company, valued at $5,324,619. This trade represents a 1.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 27.96% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Separately, DA Davidson set a $12.00 target price on shares of Exp World and gave the stock a “buy” rating in a report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $12.00.

About Exp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.