Key Points
- Director Randall Miles sold 10,000 shares on December 1 at an average price of $11.20 for $112,000, trimming his holding by 2.01% to 487,190 shares valued at about $5.46M.
- Earnings missed but revenue beat: Exp World reported Q3 EPS of $0.02 versus a $0.08 consensus (a miss), while revenue of $1.32B topped expectations and rose 6.9% year-over-year.
- Dividend paid: The company paid a $0.05 quarterly dividend (annualized $0.20, ~1.8% yield) on December 1, though the dividend payout ratio is negative at -166.7% due to reported losses.
Exp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) Director Randall Miles sold 10,000 shares of Exp World stock in a transaction on Monday, December 1st. The stock was sold at an average price of $11.20, for a total transaction of $112,000.00. Following the sale, the director directly owned 487,190 shares in the company, valued at $5,456,528. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Exp World Price Performance
NASDAQ:EXPI opened at $11.26 on Wednesday. The firm has a 50-day moving average of $10.81 and a two-hundred day moving average of $10.22. The stock has a market cap of $1.79 billion, a P/E ratio of -93.83 and a beta of 1.98. Exp World Holdings, Inc. has a 1-year low of $6.90 and a 1-year high of $14.15.
Exp World (NASDAQ:EXPI - Get Free Report) last announced its earnings results on Thursday, November 6th. The technology company reported $0.02 earnings per share (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 business had revenue of $1.32 billion for the quarter, compared to analysts' expectations of $1.24 billion. During the same period in the previous year, the firm posted ($0.04) earnings per share. The firm's revenue was up 6.9% compared to the same quarter last year. As a group, equities analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current year.
Exp World Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 17th were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Monday, November 17th. Exp World's dividend payout ratio is presently -166.67%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on EXPI. Weiss Ratings reissued a "sell (d+)" rating on shares of Exp World in a research report on Monday. Zacks Research cut shares of Exp World from a "hold" rating to a "strong sell" rating in a report on Monday, November 10th. One research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Reduce" and a consensus price target of $12.00.
View Our Latest Stock Report on Exp World
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake 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 valued at $143,084,000 after buying an additional 1,557,600 shares in the last quarter. Bank of America Corp DE boosted its holdings in Exp World by 73.3% during the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company's stock worth $29,934,000 after buying an additional 1,391,582 shares in the last quarter. Nuveen LLC acquired a new position in Exp World in the first quarter worth approximately $5,523,000. Millennium Management LLC increased its holdings in shares of Exp World by 126.7% in the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company's stock valued at $8,856,000 after buying an additional 506,121 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of Exp World by 55.8% during the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company's stock valued at $10,720,000 after acquiring an additional 421,740 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors.
Exp World Company Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
