eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $265,500.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $10.62, for a total value of $265,500.00. Following the completion of the transaction, the chief executive officer now directly owns 41,462,388 shares in the company, valued at $440,330,560.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Glenn Darrel Sanford also recently made the following trade(s):

• On Wednesday, June 12th, Glenn Darrel Sanford sold 1,005 shares of eXp World stock. The shares were sold at an average price of $12.02, for a total value of $12,080.10.
• On Monday, June 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.92, for a total transaction of $273,000.00.
• On Wednesday, May 29th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $11.05, for a total transaction of $276,250.00.

eXp World Trading Up 1.6 %

eXp World stock opened at $11.22 on Friday. The firm has a market cap of $1.74 billion, a PE ratio of -66.00 and a beta of 2.32. eXp World Holdings, Inc. has a 12 month low of $8.91 and a 12 month high of $25.39. The stock’s 50 day simple moving average is $11.18 and its two-hundred day simple moving average is $12.00.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The firm had revenue of $943.10 million for the quarter, compared to the consensus estimate of $893.24 million. During the same period in the prior year, the firm posted $0.01 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. On average, equities research analysts forecast that eXp World Holdings, Inc. will post 0.18 EPS for the current year.

eXp World Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 27th. Stockholders of record on Monday, May 13th were given a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, May 10th. eXp World’s dividend payout ratio (DPR) is presently -117.64%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on EXPI shares. TheStreet cut shares of eXp World from a “c-” rating to a “d” rating in a report on Monday, March 4th. DA Davidson reiterated an “underperform” rating and set a $11.75 price objective on shares of eXp World in a research note on Thursday, May 2nd.

Hedge Funds Weigh In On eXp World

A number of large investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. increased 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 valued at $31,000 after buying an additional 1,540 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in eXp World in the 4th quarter worth $31,000. Pineridge Advisors LLC acquired a new position in eXp World during the fourth quarter worth $33,000. Blue Trust Inc. lifted its holdings in eXp World by 201.3% during the fourth quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,955 shares in the last quarter. Finally, International Assets Investment Management LLC acquired a new stake in shares of eXp World in the fourth quarter valued at about $48,000. 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.