eXp World (NASDAQ:EXPI) Reaches New 12-Month Low – Time to Sell?

eXp World Holdings, Inc. (NASDAQ:EXPI)’s stock price hit a new 52-week low during trading on Monday . The stock traded as low as $8.62 and last traded at $8.69, with a volume of 51005 shares. The stock had previously closed at $8.84.

Analysts Set New Price Targets

Separately, DA Davidson reaffirmed a “neutral” rating and issued a $13.50 price objective on shares of eXp World in a research note on Friday, February 21st.

eXp World Stock Down 3.2 %

The stock has a market cap of $1.30 billion, a P/E ratio of -61.14 and a beta of 2.44. The stock has a fifty day simple moving average of $9.90 and a 200-day simple moving average of $11.60.

eXp World (NASDAQ:EXPI) last issued its earnings results on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. Sell-side analysts anticipate that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.34%. The ex-dividend date of this dividend was Tuesday, March 4th. eXp World’s dividend payout ratio is currently -142.86%.

Insider Buying and Selling

In other news, CEO Glenn Darrel Sanford sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $9.80, for a total transaction of $196,000.00. Following the sale, the chief executive officer now owns 39,783,400 shares in the company, valued at $389,877,320. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold a total of 310,000 shares of company stock worth $3,220,450 over the last ninety days. Company insiders own 27.96% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in eXp World during the 4th quarter worth $32,000. Graney & King LLC acquired a new stake in shares of eXp World during the fourth quarter valued at about $58,000. Sims Investment Management LLC bought a new position in eXp World in the 4th quarter valued at approximately $121,000. CIBC Asset Management Inc acquired a new position in shares of eXp World during the fourth quarter worth $122,000. Finally, Plato Investment Management Ltd raised its position in eXp World by 16,347.0% during the 4th quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company’s stock worth $125,000 after purchasing an additional 10,789 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

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.