eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report)'s share price gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $8.67, but opened at $7.95. eXp World shares last traded at $7.37, with a volume of 671,392 shares trading hands.
The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.12). The company had revenue of $954.91 million during the quarter, compared to the consensus estimate of $994.83 million. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. The business's revenue was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.02) earnings per share.
eXp World Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.70%. eXp World's payout ratio is currently -142.86%.
Analyst Upgrades and Downgrades
Separately, DA Davidson reiterated a "neutral" rating and issued a $13.50 price target on shares of eXp World in a research report on Friday, February 21st.
Read Our Latest Stock Report on eXp World
Insiders Place Their Bets
In other eXp World news, CEO Glenn Darrel Sanford sold 20,000 shares of eXp World stock in a transaction dated Tuesday, April 1st. The stock was sold at an average price of $9.80, for a total value of $196,000.00. Following the transaction, the chief executive officer now owns 39,783,400 shares in the company, valued at $389,877,320. The trade was a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 300,000 shares of company stock valued at $2,943,100 over the last 90 days. Insiders own 27.96% of the company's stock.
Institutional Trading of eXp World
Institutional investors have recently made changes to their positions in the business. Avantax Advisory Services Inc. raised its stake in eXp World by 5.7% in the first quarter. Avantax Advisory Services Inc. now owns 27,522 shares of the technology company's stock valued at $269,000 after buying an additional 1,493 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of eXp World in the 1st quarter valued at approximately $206,000. PFG Advisors purchased a new stake in eXp World during the 1st quarter worth approximately $336,000. Allianz Asset Management GmbH increased its stake in eXp World by 77.9% during the 1st quarter. Allianz Asset Management GmbH now owns 265,027 shares of the technology company's stock valued at $2,592,000 after purchasing an additional 116,031 shares in the last quarter. Finally, Principal Financial Group Inc. raised its holdings 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 buying an additional 9,619 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company's stock.
eXp World Stock Down 14.7 %
The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of -52.83 and a beta of 2.66. The company's 50 day moving average price is $9.46 and its 200 day moving average price is $11.26.
About eXp World
(
Get Free Report)
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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