Exp World Holdings, Inc. $EXPI Shares Purchased by Public Sector Pension Investment Board

Key Points

• The Public Sector Pension Investment Board increased its stake in Exp World Holdings, Inc. by 27.3%, now holding 267,864 shares valued at approximately $2.62 million.
• DA Davidson has set a price target of $12.00 for Exp World, maintaining a "buy" rating, while the stock has an average consensus rating of "buy" from analysts.
• Exp World recently announced a quarterly dividend of $0.05 per share, with an annualized yield of 2.0%, scheduled for payment on August 29th.

Public Sector Pension Investment Board lifted its stake in shares of Exp World Holdings, Inc. (NASDAQ:EXPI - Free Report) by 27.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 267,864 shares of the technology company's stock after purchasing an additional 57,411 shares during the period. Public Sector Pension Investment Board owned about 0.18% of Exp World worth $2,620,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Rossby Financial LCC purchased a new stake in shares of Exp World during the first quarter worth about $51,000. US Bancorp DE increased its stake in shares of Exp World by 1,608.8% during the first quarter. US Bancorp DE now owns 11,244 shares of the technology company's stock worth $110,000 after purchasing an additional 10,586 shares in the last quarter. Corton Capital Inc. purchased a new stake in shares of Exp World during the fourth quarter worth about $139,000. Precision Wealth Strategies LLC increased its stake in shares of Exp World by 26.3% during the first quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company's stock worth $135,000 after purchasing an additional 2,867 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC acquired a new position in Exp World during the fourth quarter worth about $170,000. Hedge funds and other institutional investors own 27.17% of the company's stock.

Exp World Stock Up 0.6%

NASDAQ:EXPI traded up $0.07 on Monday, hitting $11.08. The stock had a trading volume of 1,163,371 shares, compared to its average volume of 1,035,032. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of -55.40 and a beta of 2.52. The company has a fifty day moving average price of $10.04 and a two-hundred day moving average price of $9.54. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.39.

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

Exp World Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, August 15th. Exp World's payout ratio is presently -100.00%.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the business's stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total value of $91,500.00. Following the transaction, the director directly owned 537,190 shares in the company, valued at $4,915,288.50. The trade was a 1.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last quarter, insiders have sold 20,000 shares of company stock valued at $192,695. Insiders own 27.96% of the company's stock.

Analysts Set New Price Targets

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

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.