Exp World (NASDAQ:EXPI) Director Sells $104,700.00 in Stock

Exp World Holdings, Inc. (NASDAQ:EXPI) Director Randall Miles sold 10,000 shares of the business’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $10.47, for a total value of $104,700.00. Following the sale, the director owned 507,190 shares in the company, valued at approximately $5,310,279.30. This trade represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Exp World Trading Up 0.9%

NASDAQ:EXPI opened at $10.74 on Friday. The stock has a market cap of $1.69 billion, a P/E ratio of -53.70 and a beta of 2.00. The stock’s 50-day moving average is $10.73 and its 200-day moving average is $9.69. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.22.

Exp World (NASDAQ:EXPI) last released its quarterly 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 for the quarter, compared to the consensus estimate 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 for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.08 earnings per share. As a group, equities analysts forecast that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date was Friday, August 15th. Exp World’s payout ratio is -100.00%.

Hedge Funds Weigh In On Exp World

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio boosted its holdings in shares of Exp World by 32.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,191 shares of the technology company’s stock worth $38,000 after buying an additional 1,032 shares in the last quarter. Brooklyn Investment Group boosted its holdings in shares of Exp World by 880.8% during the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company’s stock worth $47,000 after buying an additional 4,316 shares in the last quarter. Rossby Financial LCC bought a new position in shares of Exp World during the 1st quarter worth approximately $51,000. Geneos Wealth Management Inc. raised its position in shares of Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,856 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Exp World by 387.0% during the second quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company’s stock worth $101,000 after purchasing an additional 8,827 shares during the period. 27.17% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on EXPI. DA Davidson set a $12.00 price target on Exp World and gave the stock a “buy” rating in a report on Friday, July 11th. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a report on Tuesday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $12.00.

About Exp World

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.