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.

eXp World Stock Down 5.4 %

NASDAQ:EXPI traded down $0.94 during midday trading on Wednesday, reaching $16.37. 849,330 shares of the stock traded hands, compared to its average volume of 1,257,292. eXp World has a 12-month low of $11.06 and a 12-month high of $55.43. The business has a 50-day moving average of $14.04 and a two-hundred day moving average of $18.03. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.58 and a current ratio of 2.58. The stock has a market capitalization of $2.48 billion, a PE ratio of 44.27 and a beta of 3.05.

eXp World (NASDAQ:EXPI - Get Rating) last posted its quarterly earnings results 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 return on equity of 25.15% and a net margin of 1.25%. The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same period in the prior year, the business posted $0.24 EPS. The company's quarterly revenue was up 41.5% on a year-over-year basis. On average, equities analysts forecast that eXp World will post 0.46 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Stockholders of record on Friday, August 12th will be given a $0.04 dividend. The ex-dividend date is Thursday, August 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.98%. eXp World's dividend payout ratio (DPR) is 48.65%.

Wall Street Analysts Forecast Growth

Separately, DA Davidson decreased their target price on shares of eXp World from $28.00 to $22.00 and set a "buy" rating on the stock in a research report on Thursday, August 4th.

Insider Transactions at eXp World

In related news, insider James Bramble sold 15,000 shares of eXp World stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $17.04, for a total value of $255,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other eXp World news, CEO Glenn Darrel Sanford sold 6,390 shares of the company's stock in a transaction on Friday, July 22nd. The shares were sold at an average price of $15.05, for a total transaction of $96,169.50. Following the completion of the transaction, the chief executive officer now owns 42,034,338 shares in the company, valued at approximately $632,616,786.90. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James Bramble sold 15,000 shares of the company's stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $17.04, for a total transaction of $255,600.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 608,645 shares of company stock valued at $9,124,176. Corporate insiders own 35.70% of the company's stock.