eXp World (NASDAQ:EXPI) Sets New 1-Year Low – What’s Next?

eXp World Holdings, Inc. (NASDAQ:EXPI)’s share price reached a new 52-week low on Thursday . The stock traded as low as $9.10 and last traded at $9.18, with a volume of 883368 shares changing hands. The stock had previously closed at $9.89.

Analyst Upgrades and Downgrades

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

eXp World Price Performance

The business’s 50-day moving average price is $10.38 and its 200-day moving average price is $12.03. The firm has a market capitalization of $1.44 billion, a PE ratio of -67.71 and a beta of 2.44.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. Equities analysts forecast that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 2.11%. The ex-dividend date was Tuesday, March 4th. eXp World’s dividend payout ratio is presently -142.86%.

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $10.74, for a total value of $268,500.00. Following the completion of the sale, the chief executive officer now owns 40,122,450 shares in the company, valued at approximately $430,915,113. This trade represents a 0.06 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders sold 320,000 shares of company stock valued at $3,404,750. 27.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in eXp World by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company’s stock valued at $140,834,000 after acquiring an additional 208,920 shares during the period. Pacer Advisors Inc. acquired a new stake in shares of eXp World in the fourth quarter valued at about $60,767,000. State Street Corp lifted its stake in shares of eXp World by 4.1% in the third quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock valued at $42,019,000 after purchasing an additional 117,418 shares during the period. Geode Capital Management LLC boosted its holdings in eXp World by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,219,658 shares of the technology company’s stock worth $25,553,000 after buying an additional 8,486 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in eXp World by 2.0% during the fourth quarter. Renaissance Technologies LLC now owns 2,024,116 shares of the technology company’s stock worth $23,298,000 after buying an additional 40,400 shares during the period. 27.17% of the stock is owned by hedge funds and other institutional investors.

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.