eXp World (NASDAQ:EXPI) Announces Quarterly Earnings Results

eXp World (NASDAQ:EXPI) posted its quarterly earnings data on Thursday. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03, Zacks reports. eXp World had a negative net margin of 0.74% and a positive return on equity of 2.27%.

eXp World Stock Performance

Shares of EXPI stock traded up $0.03 during trading on Thursday, hitting $11.34. The company had a trading volume of 1,420,547 shares, compared to its average volume of 870,219. The firm has a market capitalization of $1.74 billion, a P/E ratio of -51.55 and a beta of 2.29. eXp World has a one year low of $8.91 and a one year high of $15.39. The stock’s 50-day moving average price is $11.43 and its 200 day moving average price is $12.57.

Insiders Place Their Bets

In other eXp World news, CAO Jian Cheng sold 18,750 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $13.81, for a total value of $258,937.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Glenn Darrel Sanford sold 50,000 shares of eXp World stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.41, for a total transaction of $720,500.00. Following the transaction, the chief executive officer now directly owns 40,389,080 shares of the company’s stock, valued at $582,006,642.80. This represents a 0.12 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 430,261 shares of company stock worth $5,344,998 in the last 90 days. Company insiders own 35.70% of the company’s stock.

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.