Prasad Wealth Partners LLC Has $400,000 Holdings in Exp World Holdings, Inc. $EXPI

Prasad Wealth Partners LLC boosted its holdings in shares of Exp World Holdings, Inc. (NASDAQ:EXPI) by 26.9% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 43,951 shares of the technology company’s stock after acquiring an additional 9,308 shares during the quarter. Prasad Wealth Partners LLC’s holdings in Exp World were worth $400,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio lifted 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 valued at $38,000 after buying an additional 1,032 shares during the last quarter. Brooklyn Investment Group lifted 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 valued at $47,000 after buying an additional 4,316 shares during the last quarter. Rossby Financial LCC acquired a new stake in shares of Exp World during the 1st quarter valued at about $51,000. Geneos Wealth Management Inc. lifted its holdings in shares of Exp World by 41.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after buying an additional 1,856 shares during the last quarter. Finally, US Bancorp DE lifted its holdings 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 valued at $110,000 after buying an additional 10,586 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. DA Davidson set a $12.00 price target on Exp World and gave the company a “buy” rating in a report on Friday, July 11th. Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $12.00.

Exp World Stock Up 0.7%

Shares of NASDAQ EXPI opened at $10.81 on Tuesday. The business’s 50 day moving average is $10.72 and its two-hundred day moving average is $9.69. The company has a market cap of $1.70 billion, a P/E ratio of -54.05 and a beta of 2.00. Exp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $15.22.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings results on Thursday, July 31st. The technology company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.13). The business had revenue of $1.31 billion during 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 quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share. Sell-side analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Announces Dividend

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

Insider Activity

In other news, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $10.47, for a total transaction of $104,700.00. Following the sale, the director directly owned 507,190 shares in the company, valued at approximately $5,310,279.30. The trade was a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 30,000 shares of company stock worth $316,295 in the last quarter. Insiders own 27.96% of the company’s stock.

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.