eXp World (NASDAQ:EXPI) Upgraded at BTIG Research

BTIG Research upgraded shares of eXp World (NASDAQ:EXPI) from a sell rating to a neutral rating in a research note issued to investors on Tuesday, Marketbeat reports.

Separately, DA Davidson reiterated a neutral rating and set a $11.75 price target on shares of eXp World in a research report on Friday, July 12th.

eXp World Stock Performance

Shares of eXp World stock opened at $14.64 on Tuesday. eXp World has a one year low of $8.91 and a one year high of $25.39. The company has a market cap of $2.27 billion, a PE ratio of -86.11 and a beta of 2.34. The business has a 50-day simple moving average of $11.67 and a 200-day simple moving average of $11.61.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $943.10 million during the quarter, compared to analysts’ expectations of $893.24 million. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. eXp World’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share. On average, sell-side analysts predict that eXp World will post 0.18 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, May 27th. Stockholders of record on Monday, May 13th were paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, May 10th. eXp World’s dividend payout ratio (DPR) is presently -117.64%.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 20,000 shares of the company’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $10.74, for a total value of $214,800.00. Following the sale, the chief executive officer now owns 41,474,292 shares of the company’s stock, valued at $445,433,896.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 294,783 shares of company stock valued at $3,674,740. Insiders own 35.70% of the company’s stock.

Institutional Trading of eXp World

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPI. Texas Permanent School Fund Corp boosted its holdings in shares of eXp World by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 67,302 shares of the technology company’s stock worth $695,000 after purchasing an additional 881 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in eXp World by 2.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,000 shares of the technology company’s stock valued at $440,000 after buying an additional 900 shares during the period. Stratos Wealth Partners LTD. increased its stake in shares of eXp World by 6.7% during the 4th quarter. Stratos Wealth Partners LTD. now owns 14,738 shares of the technology company’s stock valued at $229,000 after acquiring an additional 923 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of eXp World by 2.1% during the 4th quarter. SG Americas Securities LLC now owns 51,496 shares of the technology company’s stock worth $799,000 after acquiring an additional 1,082 shares during the period. Finally, SRS Capital Advisors Inc. boosted its position in shares of eXp World by 354.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,540 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

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.