Key Points
- Penny Sanford sold 117,179 shares of EXPI on Nov. 25 at an average price of $12.04 for about $1.41M, trimming her stake by 0.44% to 26,731,114 shares (valued ≈ $321.8M).
- Exp World reported Q results with EPS of $0.02 vs. $0.08 expected (a miss) while revenue beat at $1.32B, and the company announced a quarterly dividend of $0.05 per share (1.7% yield).
- Analyst sentiment is negative—Zacks downgraded to "strong sell," Weiss reaffirmed a sell, MarketBeat's consensus is "Reduce" with a $12 target—EXPI trades around $11.50 and has a negative P/E.
Exp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) major shareholder Penny Sanford sold 117,179 shares of the business's stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $12.04, for a total value of $1,410,835.16. Following the sale, the insider directly owned 26,731,114 shares in the company, valued at $321,842,612.56. This trade represents a 0.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Exp World Price Performance
NASDAQ EXPI opened at $11.50 on Thursday. The business has a 50 day moving average price of $10.79 and a 200 day moving average price of $10.11. The company has a market capitalization of $1.83 billion, a P/E ratio of -95.83 and a beta of 2.04. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $14.45.
Exp World (NASDAQ:EXPI - Get Free Report) last posted its earnings results on Thursday, November 6th. The technology company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.06). Exp World had a negative return on equity of 6.61% and a negative net margin of 0.41%.The firm had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.24 billion. During the same quarter in the previous year, the firm posted ($0.04) earnings per share. The firm's revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts expect 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 announced a quarterly dividend, which will be paid on Monday, December 1st. Shareholders of record on Monday, November 17th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.7%. The ex-dividend date is Monday, November 17th. Exp World's dividend payout ratio (DPR) is -166.67%.
Analyst Ratings Changes
Several analysts have issued reports on the stock. Zacks Research downgraded shares of Exp World from a "hold" rating to a "strong sell" rating in a report on Monday, November 10th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Exp World in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to MarketBeat, Exp World presently has an average rating of "Reduce" and an average target price of $12.00.
View Our Latest Research Report on EXPI
Hedge Funds Weigh In On Exp World
Several institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its stake in shares of 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 acquiring an additional 1,032 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in Exp World by 73.4% in the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company's stock valued at $40,000 after purchasing an additional 1,516 shares during the period. Brooklyn Investment Group increased its position in Exp World by 880.8% during the first quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company's stock worth $47,000 after purchasing an additional 4,316 shares during the last quarter. Geneos Wealth Management Inc. raised 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 boosted its holdings in shares of Exp World by 387.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company's stock valued at $101,000 after purchasing an additional 8,827 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.
About Exp World
(
Get Free Report)
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.
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