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 the company's stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $10.10, for a total transaction of $87,870.00. Following the completion of the sale, the director directly owned 527,190 shares of the company's stock, valued at approximately $5,324,619. This represents a 1.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Exp World Price Performance

NASDAQ:EXPI traded up $0.40 during midday trading on Wednesday, reaching $10.50. The stock had a trading volume of 996,336 shares, compared to its average volume of 1,164,013. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.39. The stock has a market capitalization of $1.65 billion, a P/E ratio of -52.50 and a beta of 2.52. The firm's fifty day simple moving average is $9.77 and its 200-day simple moving average is $9.60.

Exp World (NASDAQ:EXPI - Get Free Report) last released 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). Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business posted $0.08 EPS. The firm's quarterly revenue was up 1.0% on a year-over-year basis. On average, equities research analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be issued a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. Exp World's dividend payout ratio (DPR) is presently -100.00%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Exp World

A number of hedge funds and other institutional investors have recently bought and sold shares of EXPI. LPL Financial LLC increased its stake in shares of Exp World by 6.4% in the 4th quarter. LPL Financial LLC now owns 52,075 shares of the technology company's stock valued at $599,000 after buying an additional 3,149 shares during the period. JPMorgan Chase & Co. lifted its stake in Exp World by 39.7% in the fourth quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company's stock valued at $8,369,000 after buying an additional 206,677 shares during the period. Geode Capital Management LLC boosted its holdings in Exp World by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 2,219,658 shares of the technology company's stock worth $25,553,000 after buying an additional 8,486 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Exp World by 14.1% in the 4th quarter. Wells Fargo & Company MN now owns 70,820 shares of the technology company's stock valued at $815,000 after acquiring an additional 8,749 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Exp World by 0.6% in the fourth quarter. Envestnet Asset Management Inc. now owns 428,412 shares of the technology company's stock worth $4,931,000 after purchasing an additional 2,706 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

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.

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