Randall Miles Sells 10,000 Shares of Exp World (NASDAQ:EXPI) Stock

Exp World Holdings, Inc. (NASDAQ:EXPI) Director Randall Miles sold 10,000 shares of Exp World stock in a transaction 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 transaction, the director directly owned 507,190 shares of the company’s stock, 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 document filed with the Securities & Exchange Commission, which is available at the SEC website.

Exp World Price Performance

EXPI stock opened at $10.74 on Friday. The company has a fifty day moving average price of $10.73 and a two-hundred day moving average price of $9.69. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of -53.70 and a beta of 2.00. Exp World Holdings, Inc. has a one year low of $6.90 and a one year high of $15.22.

Exp World (NASDAQ:EXPI) last announced its earnings results on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 0.68% and a negative return on equity of 4.79%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.08 EPS. Research analysts anticipate that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EXPI. Squarepoint Ops LLC raised its stake in Exp World by 22.2% during the fourth quarter. Squarepoint Ops LLC now owns 28,746 shares of the technology company’s stock worth $331,000 after acquiring an additional 5,215 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Exp World by 13.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,485 shares of the technology company’s stock worth $2,123,000 after acquiring an additional 21,461 shares in the last quarter. GAMMA Investing LLC raised its stake in Exp World by 1,008.3% during the first quarter. GAMMA Investing LLC now owns 23,130 shares of the technology company’s stock worth $2,365,000 after acquiring an additional 21,043 shares in the last quarter. Precision Wealth Strategies LLC raised its stake in Exp World by 26.3% during the first quarter. Precision Wealth Strategies LLC now owns 13,776 shares of the technology company’s stock worth $135,000 after acquiring an additional 2,867 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in Exp World during the first quarter worth about $489,000. Institutional investors and hedge funds own 27.17% 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.