Exp World (NASDAQ:EXPI) Director Sells $112,000.00 in Stock

Exp World Holdings, Inc. (NASDAQ:EXPI) Director Randall Miles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $11.20, for a total transaction of $112,000.00. Following the completion of the sale, the director owned 487,190 shares in the company, valued at $5,456,528. The trade was a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Exp World Stock Up 1.2%

NASDAQ:EXPI traded up $0.13 during trading hours on Tuesday, reaching $11.26. 642,513 shares of the company’s stock were exchanged, compared to its average volume of 1,964,930. The company has a market capitalization of $1.79 billion, a P/E ratio of -93.83 and a beta of 1.98. Exp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $14.15. The business’s 50-day simple moving average is $10.81 and its two-hundred day simple moving average is $10.22.

Exp World (NASDAQ:EXPI) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.24 billion. Exp World had a negative return on equity of 6.61% and a negative net margin of 0.41%.The business’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.04) earnings per share. As a group, sell-side analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. Exp World’s dividend payout ratio (DPR) is currently -166.67%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on EXPI. Zacks Research lowered shares of Exp World from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a research report on Monday. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Exp World presently has an average rating of “Reduce” and a consensus target price of $12.00.

Hedge Funds Weigh In On Exp World

Several institutional investors and hedge funds have recently bought and sold shares of EXPI. Goldman Sachs Group Inc. increased its stake in Exp World by 21.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock valued at $6,086,000 after buying an additional 109,995 shares during the period. Voya Investment Management LLC boosted its stake in shares of Exp World by 137.5% during the 1st quarter. Voya Investment Management LLC now owns 58,906 shares of the technology company’s stock valued at $576,000 after buying an additional 34,103 shares during the period. Intech Investment Management LLC grew its holdings in shares of Exp World by 81.3% during the 2nd quarter. Intech Investment Management LLC now owns 214,277 shares of the technology company’s stock valued at $1,950,000 after acquiring an additional 96,120 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its stake in shares of Exp World by 941.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 369,855 shares of the technology company’s stock worth $3,617,000 after acquiring an additional 334,347 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of Exp World during the second quarter worth $348,000. Hedge funds and other institutional investors own 27.17% 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.