Exp World Holdings, Inc. $EXPI Holdings Lowered by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its stake in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 7.1% during the first quarter, Holdings Channel reports. The institutional investor owned 148,499 shares of the technology company’s stock after selling 11,410 shares during the period. Cresset Asset Management LLC’s holdings in Exp World were worth $1,452,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in EXPI. Rossby Financial LCC bought a new stake in shares of Exp World during the 1st quarter worth about $51,000. US Bancorp DE raised its position in shares of Exp World by 1,608.8% during the 1st quarter. US Bancorp DE now owns 11,244 shares of the technology company’s stock worth $110,000 after buying an additional 10,586 shares in the last quarter. Precision Wealth Strategies LLC raised its holdings in shares of Exp World by 26.3% in the 1st quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company’s stock worth $135,000 after purchasing an additional 2,867 shares in the last quarter. Corton Capital Inc. bought a new stake in shares of Exp World in the 4th quarter worth approximately $139,000. Finally, Stonebridge Capital Advisors LLC bought a new stake in shares of Exp World in the 4th quarter worth approximately $170,000. 27.17% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, DA Davidson set a $12.00 target price on shares of Exp World and gave the stock a “buy” rating in a report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $12.00.

Exp World Price Performance

NASDAQ EXPI opened at $10.14 on Thursday. The company’s 50 day simple moving average is $9.94 and its 200 day simple moving average is $9.57. Exp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $15.39. The company has a market capitalization of $1.59 billion, a P/E ratio of -50.70 and a beta of 2.52.

Exp World (NASDAQ:EXPI) last released its earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.13). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The business’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.08 earnings per share. On average, analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, August 15th. Exp World’s dividend payout ratio (DPR) is -100.00%.

Insider Buying and Selling at Exp World

In other news, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total value of $91,500.00. Following the transaction, the director directly owned 537,190 shares of the company’s stock, valued at $4,915,288.50. This trade represents a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold 20,000 shares of company stock valued at $192,695 over the last quarter. Company insiders own 27.96% of the company’s stock.

Exp World Company Profile

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.