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

Key Points

• Randall Miles, a director at Exp World Holdings, sold 10,000 shares of the company's stock for a total of $104,700, reducing his ownership by 1.93%.
• Exp World reported a negative earnings per share of ($0.01) for the last quarter, missing estimates despite a revenue increase of 1.0% year-over-year.
• The company announced a quarterly dividend of $0.05 per share, resulting in a 1.9% dividend yield, amidst a payout ratio of -100.00%.

Exp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) Director Randall Miles sold 10,000 shares of the company'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 sale, the director directly owned 507,190 shares in the company, valued at $5,310,279.30. This trade represents a 1.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Exp World Trading Up 2.2%

Shares of NASDAQ:EXPI traded up $0.23 during midday trading on Thursday, hitting $10.64. 948,802 shares of the stock were exchanged, compared to its average volume of 1,146,138. Exp World Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $15.22. The company has a 50 day moving average price of $10.74 and a 200-day moving average price of $9.68. The stock has a market cap of $1.67 billion, a P/E ratio of -53.20 and a beta of 2.00.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.13). The business had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.30 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.08 earnings per share. On average, equities research analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Announces Dividend

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 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 15th. Exp World's payout ratio is currently -100.00%.

Wall Street Analysts Forecast Growth

EXPI has been the topic of a number of analyst reports. DA Davidson set a $12.00 target price on Exp World and gave the company a "buy" rating in a report on Friday, July 11th. Zacks Research upgraded Exp World from a "strong sell" rating to a "hold" rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Hedge Funds Weigh In On Exp World

Several institutional investors have recently added to or reduced their stakes in EXPI. Goldman Sachs Group Inc. boosted its stake in Exp World by 21.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company's stock worth $6,086,000 after buying an additional 109,995 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Exp World by 2.3% in the first quarter. Principal Financial Group Inc. now owns 421,493 shares of the technology company's stock worth $4,122,000 after acquiring an additional 9,619 shares during the last quarter. Voya Investment Management LLC grew its holdings in Exp World by 137.5% in the first quarter. Voya Investment Management LLC now owns 58,906 shares of the technology company's stock valued at $576,000 after purchasing an additional 34,103 shares during the period. GAMMA Investing LLC increased its position in Exp World by 1,008.3% during the first quarter. GAMMA Investing LLC now owns 23,130 shares of the technology company's stock worth $2,365,000 after purchasing an additional 21,043 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 purchasing an additional 21,461 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Exp World Company Profile

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.

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