Randall D. Miles Sells 1,300 Shares of Exp World Holdings, Inc. (NASDAQ:EXPI) Stock

Key Points

• Director Randall D. Miles sold 1,300 shares of Exp World Holdings, Inc. for a total value of $13,325, resulting in a 0.24% decrease in his direct ownership to 535,890 shares.
• The company's stock dropped 2.1% to $9.75, with a market cap of $1.53 billion and a price-to-earnings ratio of -48.75.
• Exp World announced a quarterly dividend of $0.05 per share, with a yield of 2.1% and a dividend payout ratio of -100.00%.

Exp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) Director Randall D. Miles sold 1,300 shares of the firm's stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $10.25, for a total transaction of $13,325.00. Following the transaction, the director owned 535,890 shares in the company, valued at $5,492,872.50. This represents a 0.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Exp World Trading Up 0.2%

EXPI traded up $0.02 during trading on Friday, hitting $10.44. The stock had a trading volume of 927,842 shares, compared to its average volume of 1,131,160. The company has a 50 day simple moving average of $9.88 and a 200-day simple moving average of $9.59. The firm has a market cap of $1.64 billion, a PE ratio of -52.20 and a beta of 2.52. Exp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $15.39.

Exp World (NASDAQ:EXPI - Get Free Report) last announced its earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.13). Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm posted $0.08 EPS. The company's revenue was up 1.0% compared to the same quarter last year. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Friday, August 15th. Exp World's dividend payout ratio is currently -100.00%.

Analysts Set New Price Targets

Separately, DA Davidson set a $12.00 price target on shares of Exp World and gave the company a "buy" rating in a research report on Friday, July 11th.

Institutional Investors Weigh In On Exp World

Several large investors have recently made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of Exp World by 2.3% during the first quarter. Principal Financial Group Inc. now owns 421,493 shares of the technology company's stock worth $4,122,000 after purchasing an additional 9,619 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in 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 worth $2,123,000 after buying an additional 21,461 shares during the last quarter. GAMMA Investing LLC boosted its stake in Exp World by 1,008.3% during the 1st quarter. GAMMA Investing LLC now owns 23,130 shares of the technology company's stock worth $2,365,000 after acquiring an additional 21,043 shares during the last quarter. Cetera Investment Advisers lifted its holdings in Exp World by 5.5% during the fourth quarter. Cetera Investment Advisers now owns 53,440 shares of the technology company's stock worth $615,000 after acquiring an additional 2,784 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Exp World by 55.2% in the fourth quarter. Deutsche Bank AG now owns 75,630 shares of the technology company's stock valued at $871,000 after buying an additional 26,894 shares in 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.