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 Up 11.5 %

EXPI traded up $1.76 during trading hours on Monday, reaching $17.03. 1,784,607 shares of the stock traded hands, compared to its average volume of 1,255,610. The firm's fifty day simple moving average is $13.68 and its two-hundred day simple moving average is $18.28. The company has a market cap of $2.55 billion, a price-to-earnings ratio of 46.03 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 company has a debt-to-equity ratio of 0.01, a current ratio of 2.58 and a quick ratio of 2.58.

eXp World (NASDAQ:EXPI - Get Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The technology company reported $0.06 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 company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the company earned $0.24 earnings per share. The company's revenue was up 41.5% compared to the same quarter last year. As a group, analysts forecast that eXp World will post 0.46 earnings per share for the current fiscal year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 29th. Investors of record on Friday, August 12th will be given a $0.04 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $0.16 annualized dividend and a yield of 0.94%. eXp World's dividend payout ratio is presently 43.24%.

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 research report on Thursday.

Insider Activity at eXp World

In related news, CEO Glenn Darrel Sanford sold 6,390 shares of eXp World stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $15.05, for a total value of $96,169.50. Following the sale, the chief executive officer now directly 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 is available at the SEC website. In other eXp World news, CEO Glenn Darrel Sanford sold 6,390 shares of the firm's stock in a transaction dated Friday, July 22nd. The shares were sold at an average price of $15.05, for a total transaction of $96,169.50. Following the transaction, the chief executive officer now owns 42,034,338 shares of the company's stock, valued at approximately $632,616,786.90. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Penny Sanford sold 60,000 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $404,708,789.52. The disclosure for this sale can be found here. Insiders have sold a total of 547,645 shares of company stock worth $8,069,416 in the last ninety days. 35.70% of the stock is owned by insiders.