eXp World (NASDAQ:EXPI) Announces Earnings Results

eXp World (NASDAQ:EXPI) announced its quarterly earnings data on Thursday. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03, Zacks reports. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The business had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion.

eXp World Price Performance

Shares of EXPI traded down $1.08 during mid-day trading on Friday, reaching $10.26. The company’s stock had a trading volume of 1,918,186 shares, compared to its average volume of 746,020. The company’s 50 day moving average is $11.40 and its 200 day moving average is $12.56. The stock has a market cap of $1.58 billion, a PE ratio of -73.28 and a beta of 2.29. eXp World has a 12-month low of $8.91 and a 12-month high of $15.39.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 1.95%. eXp World’s dividend payout ratio is currently -142.85%.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.41, for a total transaction of $720,500.00. Following the transaction, the chief executive officer now owns 40,389,080 shares of the company’s stock, valued at approximately $582,006,642.80. This trade represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 411,511 shares of company stock valued at $5,086,061 over the last three months. 35.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, DA Davidson reiterated a “neutral” rating and issued a $13.50 price target on shares of eXp World in a research note on Friday.

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.