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 on Wednesday, September 10th. The stock was sold at an average price of $11.04, for a total value of $110,400.00. Following the completion of the transaction, the director owned 517,190 shares in the company, valued at approximately $5,709,777.60. This trade represents a 1.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Exp World Trading Down 3.4%
Exp World stock traded down $0.39 during trading on Tuesday, reaching $11.06. The company had a trading volume of 876,355 shares, compared to its average volume of 1,135,790. The firm has a market capitalization of $1.74 billion, a price-to-earnings ratio of -55.30 and a beta of 2.01. The firm's 50-day simple moving average is $10.58 and its 200 day simple moving average is $9.57. 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 posted its quarterly earnings results on Thursday, July 31st. The technology company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates 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 business 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 earnings per share. Exp World's revenue was up 1.0% compared to the same quarter last year. On average, analysts predict that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.
Exp World Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 1.8%. The ex-dividend date was Friday, August 15th. Exp World's payout ratio is currently -100.00%.
Institutional Investors Weigh In On Exp World
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Exp World by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 12,372,635 shares of the technology company's stock worth $121,004,000 after purchasing an additional 136,800 shares during the period. Bank of America Corp DE boosted its stake in Exp World by 73.3% during the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company's stock worth $29,934,000 after buying an additional 1,391,582 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Exp World by 16.2% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,639,766 shares of the technology company's stock worth $16,037,000 after purchasing an additional 228,103 shares during the last quarter. Northern Trust Corp increased its position in shares of Exp World by 2.6% during the 1st quarter. Northern Trust Corp now owns 1,184,663 shares of the technology company's stock worth $11,586,000 after purchasing an additional 30,002 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Exp World by 55.8% during the second quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company's stock worth $10,720,000 after purchasing an additional 421,740 shares in the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Separately, DA Davidson set a $12.00 target price on shares of Exp World and gave the company a "buy" rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $12.00.
View Our Latest Report on EXPI
About Exp World
(
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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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