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

Exp World Holdings, Inc. (NASDAQ:EXPI) Director Randall Miles sold 10,000 shares of the company’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $10.47, for a total value of $104,700.00. Following the sale, the director 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Exp World Price Performance

Shares of NASDAQ EXPI opened at $10.64 on Friday. The stock’s 50-day moving average is $10.74 and its two-hundred day moving average is $9.68. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $15.22. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -53.20 and a beta of 2.00.

Exp World (NASDAQ:EXPI) last released its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.13). The business had revenue of $1.31 billion for the quarter, compared to analyst estimates 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 was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.08 earnings per share. Equities research analysts anticipate 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 disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 15th. Exp World’s dividend payout ratio is currently -100.00%.

Institutional Trading of Exp World

A number of large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its position in Exp World by 73.3% during the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after acquiring an additional 1,391,582 shares during the period. Nuveen LLC acquired a new stake in Exp World during the 1st quarter worth approximately $5,523,000. Millennium Management LLC lifted its position in Exp World by 126.7% during the 1st quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock worth $8,856,000 after acquiring an additional 506,121 shares during the period. Invesco Ltd. lifted its position in Exp World by 55.8% during the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock worth $10,720,000 after acquiring an additional 421,740 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in Exp World by 941.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 369,855 shares of the technology company’s stock worth $3,617,000 after acquiring an additional 334,347 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXPI has been the subject of several analyst reports. DA Davidson set a $12.00 price objective on Exp World and gave the stock a “buy” rating in a research report on Friday, July 11th. Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $12.00.

Exp World Company 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.