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 cut their price target on eXp World from $28.00 to $22.00 and set a "buy" rating for the company in a research note on Thursday, August 4th.

eXp World Stock Up 2.3 %

NASDAQ:EXPI opened at $18.20 on Friday. The stock has a market cap of $2.76 billion, a PE ratio of 49.19 and a beta of 3.05. eXp World has a fifty-two week low of $11.06 and a fifty-two week high of $55.43. The business has a 50 day moving average price of $13.94 and a two-hundred day moving average price of $18.17. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 0.01.

eXp World (NASDAQ:EXPI - Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The technology company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.19 by ($0.13). The company had revenue of $1.42 billion during the quarter, compared to analysts' expectations of $1.39 billion. eXp World had a return on equity of 25.15% and a net margin of 1.25%. The firm's revenue was up 41.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. As a group, sell-side analysts predict that eXp World will post 0.46 EPS for the current fiscal year.

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 29th. Shareholders of record on Friday, August 12th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Thursday, August 11th. eXp World's payout ratio is 48.65%.

Insider Buying and Selling at eXp World

In other eXp World news, major shareholder Penny Sanford sold 60,000 shares of the company's stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $12.41, for a total value of $744,600.00. Following the transaction, the insider now directly owns 27,704,043 shares of the company's stock, valued at approximately $343,807,173.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other eXp World news, major shareholder Penny Sanford sold 60,000 shares of the company's stock in a transaction that occurred on Tuesday, June 14th. The stock was sold at an average price of $12.41, for a total value of $744,600.00. Following the transaction, the insider now directly owns 27,704,043 shares of the company's stock, valued at approximately $343,807,173.63. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Glenn Darrel Sanford sold 41,270 shares of the company's stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $15.01, for a total value of $619,462.70. Following the sale, the chief executive officer now directly owns 42,034,338 shares in the company, valued at $630,935,413.38. The disclosure for this sale can be found here. Insiders have sold a total of 584,645 shares of company stock valued at $8,714,046 in the last three months. Corporate insiders own 35.70% of the company's stock.