Exp World Holdings, Inc. $EXPI Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its holdings in Exp World Holdings by 137.5%, acquiring an additional 34,103 shares, bringing its total ownership to 58,906 shares valued at approximately $576,000.
• DA Davidson set a price target of $12.00 for Exp World shares and rated the stock as "buy," contributing to the company's average rating of "Buy" among analysts.
• Insider transactions included the sale of 10,000 shares by Director Randall D. Miles, which decreased their ownership position by 1.90%, amid a broader trend of insider selling totaling 20,000 shares in the last 90 days.

Voya Investment Management LLC boosted its holdings in Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 137.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 58,906 shares of the technology company's stock after acquiring an additional 34,103 shares during the period. Voya Investment Management LLC's holdings in Exp World were worth $576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Valued Retirements Inc. grew its stake in Exp World by 2.3% in the 1st quarter. Valued Retirements Inc. now owns 65,547 shares of the technology company's stock valued at $641,000 after acquiring an additional 1,477 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in Exp World by 5.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 27,522 shares of the technology company's stock valued at $269,000 after acquiring an additional 1,493 shares during the last quarter. Optimize Financial Inc grew its stake in Exp World by 13.1% in the 1st quarter. Optimize Financial Inc now owns 14,561 shares of the technology company's stock valued at $142,000 after acquiring an additional 1,692 shares during the last quarter. Geneos Wealth Management Inc. grew its stake in 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 acquiring an additional 1,856 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Exp World by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company's stock valued at $476,000 after acquiring an additional 2,042 shares during the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Insider Buying and Selling at Exp World

In other news, Director Randall D. Miles sold 10,000 shares of the stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $11.04, for a total transaction of $110,400.00. Following the transaction, the director directly owned 517,190 shares in the company, valued at $5,709,777.60. This represents a 1.90% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 20,000 shares of company stock worth $211,595. Corporate insiders own 27.96% of the company's stock.

Exp World Trading Up 0.7%

NASDAQ:EXPI opened at $11.07 on Friday. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of -55.35 and a beta of 2.01. The company's 50-day moving average is $10.75 and its two-hundred day moving average is $9.65. Exp World Holdings, Inc. has a 12-month low of $6.90 and a 12-month high of $15.22.

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

Exp World Announces Dividend

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

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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