eXp World (NASDAQ:EXPI) Receives “Neutral” Rating from DA Davidson

DA Davidson restated their neutral rating on shares of eXp World (NASDAQ:EXPI) in a research note published on Friday,Benzinga reports. They currently have a $13.50 target price on the technology company’s stock.

eXp World Price Performance

Shares of NASDAQ EXPI opened at $10.26 on Friday. eXp World has a 12-month low of $8.91 and a 12-month high of $15.39. The company has a market capitalization of $1.58 billion, a PE ratio of -46.64 and a beta of 2.29. The firm’s 50-day moving average is $11.40 and its two-hundred day moving average is $12.56.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. eXp World had a negative net margin of 0.74% and a positive return on equity of 2.27%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. On average, analysts forecast that eXp World will post 0.08 EPS for the current fiscal year.

eXp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Tuesday, March 4th. eXp World’s payout ratio is -90.91%.

Insider Activity at eXp World

In related news, CEO Glenn Darrel Sanford sold 49,881 shares of the company’s stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $13.87, for a total transaction of $691,849.47. Following the transaction, the chief executive officer now owns 40,339,199 shares of the company’s stock, valued at approximately $559,504,690.13. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last 90 days, insiders have sold 411,511 shares of company stock valued at $5,086,061. Company insiders own 35.70% of the company’s stock.

Hedge Funds Weigh In On eXp World

Several institutional investors and hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of eXp World by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,485 shares of the technology company’s stock valued at $2,123,000 after buying an additional 21,461 shares during the period. Squarepoint Ops LLC lifted its stake in shares of eXp World by 22.2% during the fourth quarter. Squarepoint Ops LLC now owns 28,746 shares of the technology company’s stock valued at $331,000 after buying an additional 5,215 shares during the period. Two Sigma Advisers LP increased its position in eXp World by 4.6% during the fourth quarter. Two Sigma Advisers LP now owns 66,400 shares of the technology company’s stock worth $764,000 after purchasing an additional 2,900 shares during the last quarter. State of Wyoming increased its position in eXp World by 79.4% during the fourth quarter. State of Wyoming now owns 44,517 shares of the technology company’s stock worth $512,000 after purchasing an additional 19,699 shares during the last quarter. Finally, Snowden Capital Advisors LLC increased its position in eXp World by 10.1% during the fourth quarter. Snowden Capital Advisors LLC now owns 25,976 shares of the technology company’s stock worth $299,000 after purchasing an additional 2,381 shares during the last quarter. Hedge funds and other 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.