Counterpoint Mutual Funds LLC Invests $348,000 in Exp World Holdings, Inc. $EXPI

Key Points

• Counterpoint Mutual Funds LLC has invested $348,000 in Exp World Holdings, Inc., purchasing 38,268 shares in the second quarter.
• Exp World recently declared a $0.05 quarterly dividend, with an annualized yield of 1.8%, despite a negative dividend payout ratio of -100.00%.
• Exp World stock currently has a market cap of $1.73 billion, with analysts projecting an earnings per share of 0.48 for the current fiscal year.

Counterpoint Mutual Funds LLC purchased a new position in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 38,268 shares of the technology company's stock, valued at approximately $348,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Goldman Sachs Group Inc. boosted its position in shares of Exp World by 21.5% during the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company's stock worth $6,086,000 after buying an additional 109,995 shares during the period. Principal Financial Group Inc. boosted its holdings in Exp World by 2.3% in the first 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 during the period. GAMMA Investing LLC boosted its holdings in Exp World by 1,008.3% in the first 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Exp World by 13.2% in the fourth 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 during the period. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in Exp World by 941.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 369,855 shares of the technology company's stock valued at $3,617,000 after purchasing an additional 334,347 shares during the period. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Exp World Price Performance

Exp World stock opened at $10.99 on Thursday. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.22. The stock has a market cap of $1.73 billion, a PE ratio of -54.95 and a beta of 2.01. The stock's fifty day moving average is $10.71 and its two-hundred day moving average is $9.63.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly earnings results 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 net margin of 0.68% and a negative return on equity of 4.79%. The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the business earned $0.08 earnings per share. The firm's quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.05 dividend. 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 (DPR) is currently -100.00%.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $11.04, for a total value of $110,400.00. Following the sale, the director directly owned 517,190 shares in the company, valued at $5,709,777.60. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 20,000 shares of company stock valued at $211,595 in the last 90 days. 27.96% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, DA Davidson set a $12.00 target price on Exp World and gave the company a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Exp World presently has an average rating of "Buy" and a consensus target price of $12.00.

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.

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