eXp World - EXPI Stock Forecast, Price & News

eXp World Holdings, Inc., together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers. It is also involved in building 3D virtual worlds for work, education, and events; and focused on agent website and consumer real estate portal technology. In addition, the company operates SUCCESS print magazine, SUCCESS.com portal, SUCCESS newsletters, podcasts, digital training courses, and affiliated social media accounts across platforms. Further, it provides marketing, training, and other support services to its brokers and agents through proprietary technology enabled services, as well as technology and support services contracted to third parties. eXp World Holdings, Inc. operates in the United States, Canada, the United Kingdom, Australia, South Africa, India, Portugal, France, Mexico, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, and Germany. The company was formerly known as eXp Realty International Corporation and changed its name to eXp World Holdings, Inc. in May 2016. eXp World Holdings, Inc. was incorporated in 2008 and is based in Bellingham, Washington.

Wall Street Analyst Weigh In

Separately, DA Davidson dropped their price objective on shares of eXp World from $28.00 to $22.00 and set a "buy" rating for the company in a report on Thursday, August 4th.

eXp World Stock Performance

Shares of eXp World stock remained flat at $17.79 during midday trading on Thursday. 1,690,958 shares of the company were exchanged, compared to its average volume of 1,261,396. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.70 billion, a P/E ratio of 48.08 and a beta of 3.05. The company's fifty day moving average is $13.81 and its two-hundred day moving average is $18.27. eXp World has a fifty-two week low of $11.06 and a fifty-two week high of $55.43.

eXp World (NASDAQ:EXPI - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.19 by ($0.13). eXp World had a net margin of 1.25% and a return on equity of 25.15%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period in the previous year, the business posted $0.24 earnings per share. eXp World's revenue was up 41.5% compared to the same quarter last year. Sell-side analysts expect that eXp World will post 0.46 earnings per share for the current year.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Friday, August 12th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.16 dividend on an annualized basis and a yield of 0.90%. eXp World's payout ratio is presently 43.24%.

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 161,985 shares of eXp World stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $15.06, for a total transaction of $2,439,494.10. Following the transaction, the chief executive officer now directly owns 42,034,338 shares of the company's stock, valued at $633,037,130.28. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Penny Sanford sold 60,000 shares of eXp World stock in a transaction on Thursday, July 21st. The shares were sold at an average price of $14.64, for a total transaction of $878,400.00. Following the transaction, the insider now directly owns 27,644,043 shares of the company's stock, valued at $404,708,789.52. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Glenn Darrel Sanford sold 161,985 shares of eXp World stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $15.06, for a total transaction of $2,439,494.10. Following the transaction, the chief executive officer now directly owns 42,034,338 shares in the company, valued at $633,037,130.28. The disclosure for this sale can be found here. Insiders have sold a total of 575,645 shares of company stock valued at $8,549,436 over the last three months. 35.70% of the stock is currently owned by corporate insiders.