Exp World (NASDAQ:EXPI) Trading 9.1% Higher - What's Next?

Exp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report)'s stock price traded up 9.1% during trading on Tuesday . The stock traded as high as $10.84 and last traded at $10.92. 323,152 shares were traded during trading, a decline of 70% from the average session volume of 1,072,541 shares. The stock had previously closed at $10.01.

Analyst Ratings Changes

Separately, DA Davidson boosted their price target on shares of Exp World from $10.75 to $12.00 and gave the stock a "buy" rating in a research report on Friday, July 11th.

Exp World Trading Up 11.7%

The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of -102.14 and a beta of 2.52. The firm's 50 day moving average price is $8.91 and its two-hundred day moving average price is $9.67.

Exp World (NASDAQ:EXPI - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.12). Exp World had a positive return on equity of 1.85% and a negative net margin of 0.36%. The business had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. During the same quarter in the previous year, the company earned ($0.02) EPS. The business's revenue for the quarter was up 1.3% on a year-over-year basis. As a group, equities research analysts predict that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, May 19th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Monday, May 19th. Exp World's dividend payout ratio (DPR) is presently -181.82%.

Insider Activity

In other news, Director Randall D. Miles sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total value of $91,500.00. Following the sale, the director owned 537,190 shares of the company's stock, valued at $4,915,288.50. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Glenn Darrel Sanford sold 25,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $7.99, for a total transaction of $199,750.00. Following the completion of the sale, the chief executive officer directly owned 39,628,400 shares in the company, valued at approximately $316,630,916. This trade represents a 0.06% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 105,000 shares of company stock worth $886,000. Insiders own 27.96% of the company's stock.

Hedge Funds Weigh In On Exp World

A number of hedge funds and other institutional investors have recently bought and sold shares of EXPI. Raymond James Financial Inc. bought a new stake in Exp World during the 4th quarter valued at $1,134,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Exp World by 13.2% during 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 increased 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 valued at $2,365,000 after purchasing an additional 21,043 shares in the last quarter. Principal Financial Group Inc. increased its stake in Exp World by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 421,493 shares of the technology company's stock valued at $4,122,000 after purchasing an additional 9,619 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in Exp World by 5.5% during the fourth quarter. Cetera Investment Advisers now owns 53,440 shares of the technology company's stock valued at $615,000 after purchasing an additional 2,784 shares during the period. Hedge funds and other 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.

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