eXp World Holdings, Inc. (NASDAQ:EXPI) Director Sells $91,500.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) Director Randall D. Miles sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 10th. The stock was sold at an average price of $9.15, for a total value of $91,500.00. Following the sale, the director now directly owns 537,190 shares of the company's stock, valued at $4,915,288.50. This represents a 1.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

eXp World Stock Down 4.4%

EXPI stock traded down $0.41 during midday trading on Friday, reaching $8.92. 995,561 shares of the company's stock traded hands, compared to its average volume of 1,081,419. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -63.71 and a beta of 2.56. The firm's fifty day moving average price is $8.58 and its 200-day moving average price is $10.29. eXp World Holdings, Inc. has a 52 week low of $6.90 and a 52 week high of $15.39.

eXp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.12). The company had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. eXp World's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.02) EPS. Analysts forecast that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, May 19th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.24%. The ex-dividend date was Monday, May 19th. eXp World's payout ratio is currently -181.82%.

Wall Street Analyst Weigh In

Separately, DA Davidson raised eXp World from a "neutral" rating to a "buy" rating and set a $10.75 price target on the stock in a research note on Thursday, May 29th.

Hedge Funds Weigh In On eXp World

A number of hedge funds have recently bought and sold shares of EXPI. Valued Retirements Inc. boosted its holdings in eXp World by 2.3% during the first quarter. Valued Retirements Inc. now owns 65,547 shares of the technology company's stock worth $641,000 after purchasing an additional 1,477 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of eXp World by 5.7% in the first 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 in the last quarter. Optimize Financial Inc increased its position in shares of eXp World by 13.1% during the first 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. lifted its holdings in eXp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company's stock worth $62,000 after acquiring an additional 1,856 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in eXp World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company's stock worth $476,000 after purchasing an additional 2,042 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

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.