Exp World (NASDAQ:EXPI) Shares Gap Up After Dividend Announcement

Shares of Exp World Holdings, Inc. (NASDAQ:EXPI) gapped up prior to trading on Friday following a dividend announcement from the company. The stock had previously closed at $9.70, but opened at $10.82. Exp World shares last traded at $11.1970, with a volume of 260,356 shares changing hands.

The newly announced dividend which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, November 17th. This represents a $0.20 annualized dividend and a yield of 1.8%. Exp World’s dividend payout ratio (DPR) is presently -100.00%.

Wall Street Analyst Weigh In

Several analysts have weighed in on EXPI shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Exp World in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. Finally, DA Davidson set a $12.00 price objective on shares of Exp World and gave the company a “buy” rating in a research report on Friday, July 11th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $12.00.

Exp World Stock Performance

The firm has a market cap of $1.77 billion, a price-to-earnings ratio of -56.49 and a beta of 2.04. The business has a fifty day simple moving average of $10.83 and a 200-day simple moving average of $9.87.

Exp World (NASDAQ:EXPI) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter last year, the firm posted ($0.04) earnings per share. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. On average, equities analysts anticipate that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Insider Activity at Exp World

In related news, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $10.02, for a total value of $100,200.00. Following the sale, the director owned 497,190 shares of the company’s stock, valued at $4,981,843.80. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 38,700 shares of company stock worth $403,170 in the last quarter. 27.96% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Exp World

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Public Employees Retirement System of Ohio increased its position 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 during the period. Jones Financial Companies Lllp grew its holdings in Exp World by 73.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,516 shares during the period. Brooklyn Investment Group boosted its position in shares of Exp World by 880.8% during the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company’s stock valued at $47,000 after purchasing an additional 4,316 shares in the last quarter. Geneos Wealth Management Inc. grew its stake in Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,856 shares during the period. Finally, Tower Research Capital LLC TRC lifted its stake in 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 period. 27.17% of the stock is owned by institutional investors and hedge funds.

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.