Exp World (NASDAQ:EXPI) Director Sells $100,200.00 in Stock

Exp World Holdings, Inc. (NASDAQ:EXPI) Director Randall Miles sold 10,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $10.02, for a total value of $100,200.00. Following the transaction, the director owned 497,190 shares in the company, valued at $4,981,843.80. This represents a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Exp World Trading Down 3.5%

Shares of EXPI stock opened at $9.70 on Friday. Exp World Holdings, Inc. has a 12 month low of $6.90 and a 12 month high of $14.98. The company has a market capitalization of $1.53 billion, a P/E ratio of -48.50 and a beta of 2.04. The stock has a 50 day moving average of $10.83 and a two-hundred day moving average of $9.87.

Exp World (NASDAQ:EXPI) last issued its earnings results on Thursday, November 6th. The technology company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.24 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The business’s revenue for the quarter was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.04) earnings per share. Sell-side analysts predict that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 1st. Investors of record on Monday, November 17th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, November 17th. This represents a $0.20 dividend on an annualized basis and a yield of 2.1%. Exp World’s payout ratio is presently -100.00%.

Analyst Ratings Changes

EXPI has been the subject of a number of analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Exp World in a research note on Wednesday, October 8th. DA Davidson set a $12.00 target price on Exp World and gave the stock a “buy” rating in a report on Friday, July 11th. Finally, Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 30th. 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 company’s stock. According to data from MarketBeat.com, Exp World has an average rating of “Hold” and an average price target of $12.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio increased its holdings in 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 purchasing an additional 1,032 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Exp World by 73.4% during the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,516 shares during the last quarter. Brooklyn Investment Group increased its stake in shares of Exp World by 880.8% in the first 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 in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of Exp World by 41.2% in the first 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, Tower Research Capital LLC TRC raised its holdings in shares of Exp World by 387.0% in the second quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company’s stock valued at $101,000 after buying an additional 8,827 shares during the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

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.