Exp World Holdings, Inc. $EXPI Position Raised by Prasad Wealth Partners LLC

Prasad Wealth Partners LLC raised its stake in Exp World Holdings, Inc. (NASDAQ:EXPI) by 26.9% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 43,951 shares of the technology company’s stock after buying an additional 9,308 shares during the quarter. Prasad Wealth Partners LLC’s holdings in Exp World were worth $400,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of EXPI. GAMMA Investing LLC increased its holdings in shares of Exp World by 1,008.3% during the first quarter. GAMMA Investing LLC now owns 23,130 shares of the technology company’s stock valued at $2,365,000 after purchasing an additional 21,043 shares during the period. Precision Wealth Strategies LLC increased its holdings in shares of Exp World by 26.3% during the first quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company’s stock valued at $135,000 after purchasing an additional 2,867 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Exp World during the first quarter valued at $489,000. Rossby Financial LCC acquired a new position in shares of Exp World during the first quarter valued at $51,000. Finally, Teacher Retirement System of Texas increased its holdings in shares of Exp World by 14.7% during the first quarter. Teacher Retirement System of Texas now owns 50,538 shares of the technology company’s stock valued at $494,000 after purchasing an additional 6,495 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $10.47, for a total transaction of $104,700.00. Following the completion of the sale, the director directly owned 507,190 shares in the company, valued at approximately $5,310,279.30. This trade represents a 1.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 30,000 shares of company stock valued at $316,295. Company insiders own 27.96% of the company’s stock.

Wall Street Analysts Forecast Growth

EXPI has been the topic of a number of research analyst reports. 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a report on Saturday, September 27th. Finally, Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 30th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Exp World presently has a consensus rating of “Hold” and an average price target of $12.00.

Exp World Trading Up 0.7%

Shares of EXPI opened at $10.81 on Tuesday. The business’s 50-day moving average price is $10.72 and its 200 day moving average price is $9.69. The stock has a market capitalization of $1.70 billion, a P/E ratio of -54.05 and a beta of 2.00. 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 issued its quarterly earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). The company 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 company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.08 EPS. On average, research analysts predict that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Announces Dividend

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

Exp World 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.