eXp World Holdings, Inc. (NASDAQ:EXPI) Director Sells $91,500.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) Director Randall D. Miles sold 10,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total value of $91,500.00. Following the transaction, the director now owns 537,190 shares of the company’s stock, valued at approximately $4,915,288.50. This represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

eXp World Stock Down 0.4%

EXPI opened at $9.19 on Thursday. The firm has a market cap of $1.44 billion, a P/E ratio of -65.64 and a beta of 2.56. The business has a fifty day simple moving average of $8.58 and a 200-day simple moving average of $10.32. eXp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $15.39.

eXp World (NASDAQ:EXPI) last announced its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.12). eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The business had revenue of $954.91 million for the quarter, compared to analysts’ expectations of $994.83 million. During the same period in the previous year, the company earned ($0.02) earnings per share. eXp World’s quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts expect that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, May 19th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, May 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.18%. eXp World’s payout ratio is currently -181.82%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson raised shares of eXp World from a “neutral” rating to a “buy” rating and set a $10.75 target price for the company in a research note on Thursday, May 29th.

Hedge Funds Weigh In On eXp World

Hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in shares of eXp World in the 4th quarter valued at $32,000. Brooklyn Investment Group boosted its stake in eXp World by 880.8% in the first quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company’s stock valued at $47,000 after acquiring an additional 4,316 shares in the last quarter. Graney & King LLC purchased a new position in shares of eXp World during the fourth quarter worth about $58,000. Rossby Financial LCC acquired a new stake in shares of eXp World during the first quarter worth about $51,000. Finally, Geneos Wealth Management Inc. lifted its holdings in shares of eXp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after purchasing an additional 1,856 shares during the last quarter. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

eXp World Company Profile

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.