PFG Advisors Invests $336,000 in Exp World Holdings, Inc. (NASDAQ:EXPI)

Key Points

• PFG Advisors has acquired a new position in Exp World Holdings, Inc. worth approximately $336,000, adding 34,376 shares in the first quarter.
• CEO Glenn Darrel Sanford and Director Randall D. Miles have sold shares in recent transactions, with insiders selling a total of 105,000 shares valued at $886,000 over the last three months.
• DA Davidson has set a target price of $12.00 for Exp World shares, giving the stock a "buy" rating amid mixed quarterly earnings results.

PFG Advisors purchased a new stake in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 34,376 shares of the technology company's stock, valued at approximately $336,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rossby Financial LCC acquired a new position in shares of Exp World during the first quarter worth $51,000. Precision Wealth Strategies LLC increased its stake in shares of Exp World by 26.3% in the first quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock worth $135,000 after buying an additional 2,867 shares during the last quarter. Corton Capital Inc. bought a new stake in shares of Exp World in the fourth quarter worth $139,000. Optimize Financial Inc bought a new stake in shares of Exp World in the fourth quarter worth $148,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Exp World in the fourth quarter worth $161,000. 27.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, DA Davidson set a $12.00 price target on shares of Exp World and gave the stock a "buy" rating in a research note on Friday, July 11th.

Exp World Stock Down 0.8%

EXPI stock traded down $0.09 during trading on Tuesday, hitting $11.09. 165,157 shares of the company's stock traded hands, compared to its average volume of 1,157,571. Exp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $15.39. The stock has a fifty day moving average price of $9.28 and a two-hundred day moving average price of $9.66. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of -100.77 and a beta of 2.52.

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

Exp World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Shareholders of record on Monday, May 19th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.20 annualized dividend and a yield of 1.80%. Exp World's payout ratio is -181.82%.

Insider Buying and Selling at Exp World

In other Exp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the business's stock in a transaction 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 owned 39,628,400 shares in the company, valued at $316,630,916. The trade was a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Randall D. Miles sold 10,000 shares of the company's stock in a transaction dated Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total transaction of $91,500.00. Following the transaction, the director owned 537,190 shares of the company's stock, valued at $4,915,288.50. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 85,000 shares of company stock valued at $710,000. 27.96% of the stock is owned by insiders.

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.