Randall D. Miles Sells 30,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) Director Randall D. Miles sold 30,000 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $15.11, for a total value of $453,300.00. Following the transaction, the director now owns 547,665 shares in the company, valued at approximately $8,275,218.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

eXp World Stock Performance

EXPI opened at $14.03 on Friday. eXp World Holdings, Inc. has a 52-week low of $8.91 and a 52-week high of $17.11. The firm has a market cap of $2.17 billion, a P/E ratio of -82.53 and a beta of 2.30. The business’s fifty day moving average is $12.99 and its 200-day moving average is $11.66.

eXp World (NASDAQ:EXPI) last released its earnings results on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. eXp World’s quarterly revenue was up 5.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.06 earnings per share. On average, research analysts predict that eXp World Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a $0.05 dividend. The ex-dividend date was Wednesday, August 14th. This represents a $0.20 annualized dividend and a dividend yield of 1.43%. eXp World’s payout ratio is -117.65%.

Wall Street Analyst Weigh In

EXPI has been the topic of a number of recent research reports. DA Davidson raised their price target on shares of eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, August 1st. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd.

Hedge Funds Weigh In On eXp World

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in eXp World by 12.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 877,657 shares of the technology company’s stock valued at $13,621,000 after acquiring an additional 93,810 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of eXp World by 16.7% during the 4th quarter. BNP Paribas Financial Markets now owns 118,322 shares of the technology company’s stock valued at $1,836,000 after purchasing an additional 16,891 shares during the last quarter. Norges Bank acquired a new position in eXp World during the 4th quarter worth approximately $7,141,000. Dynamic Technology Lab Private Ltd boosted its position in eXp World by 204.5% in the fourth quarter. Dynamic Technology Lab Private Ltd now owns 50,547 shares of the technology company’s stock valued at $784,000 after buying an additional 33,947 shares in the last quarter. Finally, Quest Partners LLC bought a new stake in shares of eXp World during the fourth quarter worth $300,000. Institutional investors and hedge funds 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.