Exp World (NASDAQ:EXPI) Shares Up 5.7% – What’s Next?

Exp World Holdings, Inc. (NASDAQ:EXPI)’s share price shot up 5.7% during mid-day trading on Friday . The stock traded as high as $6.72 and last traded at $6.67. 805,683 shares were traded during trading, a decline of 20% from the average session volume of 1,008,773 shares. The stock had previously closed at $6.31.

Wall Street Analyst Weigh In

EXPI has been the subject of a number of research reports. Zelman & Associates initiated coverage on shares of Exp World in a research report on Friday, March 20th. They set an “underperform” rating and a $4.75 target price for the company. Benchmark started coverage on shares of Exp World in a research report on Thursday, March 26th. They set a “buy” rating and a $8.00 target price for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Exp World in a research report on Monday, December 29th. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, DA Davidson set a $11.00 price objective on shares of Exp World in a research report on Thursday, February 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.92.

Exp World Price Performance

The business’s 50-day moving average price is $6.58 and its two-hundred day moving average price is $8.91. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -47.64 and a beta of 2.21.

Exp World (NASDAQ:EXPI) last posted its quarterly earnings data on Tuesday, February 24th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Exp World had a negative net margin of 0.48% and a negative return on equity of 10.00%. The business’s quarterly revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.06) EPS. As a group, sell-side analysts forecast that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.

Exp World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 9th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, March 9th. This represents a $0.20 annualized dividend and a yield of 3.0%. Exp World’s dividend payout ratio is -142.86%.

Hedge Funds Weigh In On Exp World

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allianz Asset Management GmbH increased its position in Exp World by 60.4% during the third quarter. Allianz Asset Management GmbH now owns 592,305 shares of the technology company’s stock worth $6,314,000 after purchasing an additional 223,128 shares during the last quarter. Vanguard Group Inc. increased its position in Exp World by 13.1% during the third quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company’s stock worth $143,084,000 after purchasing an additional 1,557,600 shares during the last quarter. AMG National Trust Bank acquired a new position in Exp World during the third quarter worth approximately $1,189,000. Principal Financial Group Inc. increased its position in Exp World by 26.3% during the third quarter. Principal Financial Group Inc. now owns 537,545 shares of the technology company’s stock worth $5,730,000 after purchasing an additional 111,963 shares during the last quarter. Finally, Texas Permanent School Fund Corp increased its position in Exp World by 118.4% during the second quarter. Texas Permanent School Fund Corp now owns 187,039 shares of the technology company’s stock worth $1,702,000 after purchasing an additional 101,397 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

About Exp World

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.