eXp World (NASDAQ:EXPI) Shares Down 7.2%

eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report)'s stock price dropped 7.2% during mid-day trading on Monday . The company traded as low as $9.26 and last traded at $9.27. Approximately 1,156,107 shares were traded during mid-day trading, an increase of 12% from the average daily volume of 1,029,470 shares. The stock had previously closed at $9.99.

Analysts Set New Price Targets

EXPI has been the topic of a number of recent research reports. TheStreet downgraded eXp World from a "c-" rating to a "d" rating in a research report on Monday, March 4th. DA Davidson restated a "neutral" rating and set a $15.00 price objective (down previously from $20.00) on shares of eXp World in a report on Friday, January 26th.

eXp World Stock Down 7.5 %

The firm has a market capitalization of $1.43 billion, a P/E ratio of -154.08 and a beta of 2.32. The firm has a 50 day moving average of $12.42 and a 200-day moving average of $14.03.

eXp World (NASDAQ:EXPI - Get Free Report) last issued its quarterly earnings results on Thursday, February 22nd. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The company had revenue of $983.05 million during the quarter, compared to the consensus estimate of $944.40 million. eXp World had a negative net margin of 0.21% and a positive return on equity of 0.09%. As a group, research analysts expect that eXp World Holdings, Inc. will post 0.31 EPS for the current year.

eXp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 8th will be given a dividend of $0.05 per share. The ex-dividend date is Thursday, March 7th. This represents a $0.20 annualized dividend and a yield of 2.16%. eXp World's dividend payout ratio is currently -333.33%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Invesco Ltd. raised its position in eXp World by 30.5% during the third quarter. Invesco Ltd. now owns 432,798 shares of the technology company's stock valued at $7,029,000 after purchasing an additional 101,147 shares in the last quarter. Seven Eight Capital LP acquired a new position in eXp World during the third quarter valued at approximately $164,000. Massachusetts Financial Services Co. MA acquired a new position in eXp World during the third quarter valued at approximately $648,000. Charles Schwab Investment Management Inc. raised its position in eXp World by 8.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 783,847 shares of the technology company's stock valued at $12,730,000 after purchasing an additional 63,067 shares in the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new position in shares of eXp World during the third quarter worth $695,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.