Randall Miles Sells 10,000 Shares of Exp World (NASDAQ:EXPI) Stock

Key Points

• Director Randall Miles sold 10,000 shares of Exp World Holdings at an average price of $11.04, reducing his ownership to approximately 517,190 shares.
• Exp World missed earnings expectations with a reported (0.01) earnings per share, and experienced a 1.0% increase in quarterly revenue compared to the previous year.
• The company declared a quarterly dividend of $0.05 per share, with a current yield of 1.7% and a payout ratio of -100.00%.

Exp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) Director Randall Miles sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $11.04, for a total value of $110,400.00. Following the sale, the director directly owned 517,190 shares in the company, valued at approximately $5,709,777.60. This represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Exp World Stock Performance

Shares of NASDAQ:EXPI traded up $0.36 on Thursday, hitting $11.54. The company's stock had a trading volume of 547,255 shares, compared to its average volume of 1,137,693. Exp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $15.39. The company has a market capitalization of $1.81 billion, a price-to-earnings ratio of -57.64 and a beta of 2.01. The stock's 50-day moving average is $10.46 and its two-hundred day moving average is $9.56.

Exp World (NASDAQ:EXPI - Get Free Report) last announced 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 firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the business earned $0.08 EPS. The company's quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Friday, August 15th. Exp World's dividend payout ratio is currently -100.00%.

Analyst Ratings Changes

Separately, DA Davidson set a $12.00 price objective on Exp World and gave the stock a "buy" rating in a research note on Friday, July 11th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $12.00.

Institutional Trading of Exp World

Institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC raised its position in Exp World by 12.0% in the 2nd quarter. Squarepoint Ops LLC now owns 462,123 shares of the technology company's stock valued at $4,205,000 after purchasing an additional 49,395 shares during the last quarter. Thrivent Financial for Lutherans lifted its stake in Exp World by 1.8% in the second quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company's stock valued at $575,000 after buying an additional 1,126 shares during the period. Caxton Associates LLP bought a new stake in shares of Exp World in the second quarter worth about $263,000. Public Sector Pension Investment Board increased its holdings in shares of Exp World by 9.3% in the second quarter. Public Sector Pension Investment Board now owns 292,832 shares of the technology company's stock worth $2,665,000 after acquiring an additional 24,968 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Exp World by 387.0% during the second quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company's stock worth $101,000 after buying an additional 8,827 shares during the period. Institutional investors and hedge funds own 27.17% of the company's stock.

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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