Insider Selling: Exp World (NASDAQ:EXPI) Director Sells $104,700.00 in Stock

Exp World Holdings, Inc. (NASDAQ:EXPI) Director Randall Miles sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $10.47, for a total value of $104,700.00. Following the completion of the transaction, the director owned 507,190 shares of the company’s stock, valued at approximately $5,310,279.30. This represents a 1.93% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Exp World Stock Up 0.9%

Shares of EXPI stock opened at $10.74 on Friday. Exp World Holdings, Inc. has a fifty-two week low of $6.90 and a fifty-two week high of $15.22. The stock has a market cap of $1.69 billion, a P/E ratio of -53.70 and a beta of 2.00. The business has a fifty day simple moving average of $10.73 and a 200-day simple moving average of $9.69.

Exp World (NASDAQ:EXPI) last announced its quarterly earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. During the same quarter in the prior year, the business earned $0.08 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Friday, August 15th. Exp World’s dividend payout ratio (DPR) is currently -100.00%.

Hedge Funds Weigh In On Exp World

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC raised its position in shares of Exp World by 22.2% in the 4th quarter. Squarepoint Ops LLC now owns 28,746 shares of the technology company’s stock valued at $331,000 after purchasing an additional 5,215 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Exp World by 13.2% in the 4th 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 purchasing an additional 21,461 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Exp World by 1,008.3% in the 1st quarter. GAMMA Investing LLC now owns 23,130 shares of the technology company’s stock valued at $2,365,000 after purchasing an additional 21,043 shares in the last quarter. Precision Wealth Strategies LLC raised its position in shares of Exp World by 26.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company’s stock valued at $135,000 after purchasing an additional 2,867 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of Exp World in the 1st quarter valued at approximately $489,000. 27.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

EXPI has been the subject of a number of recent research reports. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. DA Davidson set a $12.00 price objective on Exp World and gave the stock a “buy” rating in a research report on Friday, July 11th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a research report on Saturday, September 27th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $12.00.

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.