Cetera Investment Advisers Has $249,000 Stock Holdings in Exp World Holdings, Inc. $EXPI

Key Points

• Cetera Investment Advisers reduced its stake in Exp World Holdings by 52.3%, selling 27,964 shares during the first quarter, leaving it with 25,476 shares valued at approximately $249,000.
• Exp World reported earnings that missed analyst expectations, with an EPS of (0.01) compared to a consensus estimate of 0.12, despite revenue growing 1.0% year-over-year.
• The company announced a quarterly dividend of $0.05 per share, which will be paid on August 29th, resulting in an annualized yield of 2.0%.

Cetera Investment Advisers trimmed its position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 52.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,476 shares of the technology company's stock after selling 27,964 shares during the period. Cetera Investment Advisers' holdings in Exp World were worth $249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new position in Exp World during the first quarter valued at about $51,000. Corton Capital Inc. bought a new stake in shares of Exp World in the 4th quarter valued at approximately $139,000. Precision Wealth Strategies LLC grew its stake in shares of Exp World by 26.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock valued at $135,000 after purchasing an additional 2,867 shares during the period. Stonebridge Capital Advisors LLC bought a new stake in shares of Exp World in the 4th quarter valued at approximately $170,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Exp World in the 4th quarter valued at approximately $204,000. 27.17% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, DA Davidson set a $12.00 price objective on Exp World and gave the company a "buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $12.00.

Insider Buying and Selling

In related news, Director Randall D. Miles sold 8,700 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $10.10, for a total transaction of $87,870.00. Following the sale, the director directly owned 527,190 shares in the company, valued at $5,324,619. This represents a 1.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 20,000 shares of company stock worth $192,695. 27.96% of the stock is owned by corporate insiders.

Exp World Trading Down 1.2%

NASDAQ EXPI traded down $0.13 during trading hours on Wednesday, reaching $10.77. 796,384 shares of the company's stock were exchanged, compared to its average volume of 1,118,937. The stock has a market cap of $1.69 billion, a PE ratio of -53.85 and a beta of 2.52. Exp World Holdings, Inc. has a one year low of $6.90 and a one year high of $15.39. The firm has a fifty day moving average of $10.12 and a 200-day moving average of $9.56.

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

Exp World Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, August 15th. This represents a $0.20 dividend on an annualized basis and a yield of 1.9%. Exp World's dividend payout ratio is -100.00%.

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.