Cubist Systematic Strategies LLC Invests $317,000 in Exp World Holdings, Inc. $EXPI

Key Points

• Cubist Systematic Strategies LLC acquired 32,415 shares of Exp World Holdings, Inc. ($EXPI), valued at approximately $317,000, in the first quarter.
• Exp World reported a loss of $0.01 EPS in its latest quarterly earnings, missing estimates, but had revenue of $1.31 billion, slightly above expectations.
• The company announced a quarterly dividend of $0.05 per share, representing an annualized yield of 1.8%, with a dividend payout ratio of -100.00%.

Cubist Systematic Strategies LLC bought a new position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 32,415 shares of the technology company's stock, valued at approximately $317,000.

Several other institutional investors have also recently added to or reduced their stakes in EXPI. Brooklyn Investment Group lifted its position in shares of Exp World by 880.8% during the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company's stock worth $47,000 after buying an additional 4,316 shares during the last quarter. Rossby Financial LCC purchased a new stake in shares of Exp World during the 1st quarter worth approximately $51,000. US Bancorp DE lifted its position in Exp World by 1,608.8% in the first quarter. US Bancorp DE now owns 11,244 shares of the technology company's stock valued at $110,000 after acquiring an additional 10,586 shares during the last quarter. Hsbc Holdings PLC purchased a new stake in Exp World in the first quarter valued at $132,000. Finally, Precision Wealth Strategies LLC lifted its position in Exp World by 26.3% in the first quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock valued at $135,000 after acquiring an additional 2,867 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company's stock.

Wall Street Analyst Weigh In

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. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $12.00.

Insider Buying and Selling

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the company's stock in a transaction on Wednesday, September 10th. The shares were sold at an average price of $11.04, for a total transaction of $110,400.00. Following the completion of the transaction, the director owned 517,190 shares in the company, valued at approximately $5,709,777.60. This represents a 1.90% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders have sold 20,000 shares of company stock worth $211,595. 27.96% of the stock is currently owned by corporate insiders.

Exp World Stock Performance

Exp World stock traded up $0.09 during mid-day trading on Wednesday, reaching $11.15. 1,477,579 shares of the company were exchanged, compared to its average volume of 929,332. Exp World Holdings, Inc. has a twelve month low of $6.90 and a twelve month high of $15.39. The firm's 50-day simple moving average is $10.63 and its two-hundred day simple moving average is $9.59. The firm has a market cap of $1.75 billion, a PE ratio of -55.75 and a beta of 2.01.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) earnings per share 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 analyst estimates of $1.30 billion. During the same period in the previous year, the business posted $0.08 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $0.05 per share. The ex-dividend date was Friday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.8%. Exp World's dividend payout ratio is presently -100.00%.

Exp World 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.