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

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

eXp World Price Performance

Shares of EXPI stock opened at $14.73 on Friday. The company has a fifty day moving average price of $12.96 and a two-hundred day moving average price of $11.65. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $17.83. The stock has a market cap of $2.28 billion, a P/E ratio of -86.65 and a beta of 2.30.

eXp World (NASDAQ:EXPI) last issued its earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the business posted $0.06 earnings per share. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities research analysts anticipate that eXp World Holdings, Inc. will post 0.09 EPS for the current fiscal year.

eXp World Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Wednesday, August 14th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Wednesday, August 14th. eXp World’s dividend payout ratio (DPR) is presently -117.65%.

Hedge Funds Weigh In On eXp World

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXPI. Scarborough Advisors LLC bought a new position in shares of eXp World in the fourth quarter valued at about $31,000. Pineridge Advisors LLC bought a new position in eXp World in the 4th quarter valued at about $33,000. Point72 DIFC Ltd bought a new position in eXp World in the 2nd quarter valued at about $26,000. Meeder Asset Management Inc. bought a new position in eXp World in the 2nd quarter valued at about $29,000. Finally, PNC Financial Services Group Inc. lifted its position in eXp World by 29.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company’s stock worth $116,000 after acquiring an additional 1,681 shares during the last quarter. 27.17% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on EXPI. DA Davidson lifted their target price on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research report on Thursday, August 1st. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd.

About eXp World

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.