Randall D. Miles Sells 8,700 Shares of Exp World Holdings, Inc. (NASDAQ:EXPI) Stock

Key Points

• Director Randall D. Miles sold 8,700 shares of Exp World Holdings stock for approximately $87,870, reducing his ownership to 527,190 shares.
• Exp World reported a net loss of ($0.01) EPS for the last quarter, missing the consensus estimate, despite a slight increase in revenue year-over-year.
• The company announced a quarterly dividend of $0.05 per share, with a dividend yield of 1.9%, payable on August 29th.

Exp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) Director Randall D. Miles sold 8,700 shares of Exp World stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $10.10, for a total transaction of $87,870.00. Following the sale, the director owned 527,190 shares of the company's stock, valued at approximately $5,324,619. This trade represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Exp World Price Performance

Shares of EXPI traded down $0.05 on Monday, reaching $10.39. 173,873 shares of the stock traded hands, compared to its average volume of 1,153,503. The stock's 50-day moving average price is $9.88 and its 200-day moving average price is $9.57. Exp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $15.39. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of -51.97 and a beta of 2.52.

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 analysts' consensus estimates of $0.12 by ($0.13). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%. The firm's revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 earnings per share. As a group, equities research analysts forecast that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Exp World's dividend payout ratio is presently -100.00%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Principal Financial Group Inc. lifted its stake in shares of Exp World by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 421,493 shares of the technology company's stock valued at $4,122,000 after acquiring an additional 9,619 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Exp World by 13.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,485 shares of the technology company's stock worth $2,123,000 after purchasing an additional 21,461 shares during the last quarter. GAMMA Investing LLC increased its stake in Exp World by 1,008.3% during the first quarter. GAMMA Investing LLC now owns 23,130 shares of the technology company's stock worth $2,365,000 after acquiring an additional 21,043 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of Exp World by 5.5% during the fourth quarter. Cetera Investment Advisers now owns 53,440 shares of the technology company's stock valued at $615,000 after buying an additional 2,784 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Exp World by 55.2% in the fourth quarter. Deutsche Bank AG now owns 75,630 shares of the technology company's stock valued at $871,000 after purchasing an additional 26,894 shares during the period. Institutional investors own 27.17% of the company's stock.

Wall Street Analysts Forecast Growth

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.

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.