Exp World (NASDAQ:EXPI) Given a $12.00 Price Target by DA Davidson Analysts

DA Davidson set a $12.00 target price on Exp World (NASDAQ:EXPI - Free Report) in a research note released on Friday morning, MarketBeat.com reports. The firm currently has a buy rating on the technology company's stock.

Exp World Trading Down 3.3%

EXPI traded down $0.35 on Friday, hitting $10.12. 1,081,300 shares of the stock traded hands, compared to its average volume of 1,086,298. Exp World has a 52 week low of $6.90 and a 52 week high of $15.39. The firm has a market capitalization of $1.58 billion, a PE ratio of -92.00 and a beta of 2.52. The business has a fifty day moving average price of $8.70 and a two-hundred day moving average price of $9.75.

Exp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.12). Exp World had a negative net margin of 0.36% and a positive return on equity of 1.85%. The company had revenue of $954.91 million during the quarter, compared to the consensus estimate of $994.83 million. During the same quarter in the prior year, the company posted ($0.02) earnings per share. The company's revenue for the quarter was up 1.3% on a year-over-year basis. On average, equities research analysts forecast that Exp World will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 4th. Stockholders of record on Monday, May 19th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.20 annualized dividend and a dividend yield of 1.98%. Exp World's dividend payout ratio is currently -181.82%.

Insider Activity at Exp World

In related news, Director Randall D. Miles sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total transaction of $91,500.00. Following the sale, the director directly owned 537,190 shares in the company, valued at $4,915,288.50. This represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Glenn Darrel Sanford sold 25,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $7.99, for a total value of $199,750.00. Following the transaction, the chief executive officer directly owned 39,628,400 shares in the company, valued at approximately $316,630,916. This represents a 0.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 145,000 shares of company stock worth $1,246,200. Corporate insiders own 27.96% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Brooklyn Investment Group lifted its stake in shares of Exp World by 880.8% in the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company's stock valued at $47,000 after purchasing an additional 4,316 shares during the period. Graney & King LLC acquired a new position in shares of Exp World in the 4th quarter valued at $58,000. Rossby Financial LCC acquired a new position in shares of Exp World in the 1st quarter valued at $51,000. Geneos Wealth Management Inc. lifted its stake in shares of Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company's stock valued at $62,000 after purchasing an additional 1,856 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Exp World by 1,608.8% in the 1st quarter. US Bancorp DE now owns 11,244 shares of the technology company's stock valued at $110,000 after purchasing an additional 10,586 shares during the period. Institutional investors and hedge funds 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.