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 eXp World stock in a transaction that occurred 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

eXp World Trading Down 4.8 %

NASDAQ:EXPI opened at $14.03 on Friday. The firm has a fifty day simple moving average of $12.99 and a 200 day simple moving average of $11.66. eXp World Holdings, Inc. has a 1-year low of $8.91 and a 1-year high of $17.11. The stock has a market capitalization of $2.17 billion, a PE ratio of -82.53 and a beta of 2.30.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. eXp World had a negative return on equity of 0.56% and a negative net margin of 0.52%. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.06 earnings per share. On average, equities 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 announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th were paid a dividend of $0.05 per share. 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 dividend payout ratio is currently -117.65%.

Analyst Ratings Changes

Several equities research analysts have issued reports on EXPI shares. BTIG Research upgraded shares of eXp World from a “sell” rating to a “neutral” rating in a research note on Tuesday, July 23rd. 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.

Institutional Investors Weigh In On eXp World

A number of large investors have recently added to or reduced their stakes in the business. Point72 DIFC Ltd bought a new position in eXp World during the second quarter worth $26,000. Meeder Asset Management Inc. acquired a new stake in shares of eXp World during the 2nd quarter worth about $29,000. Scarborough Advisors LLC bought a new stake in shares of eXp World during the 4th quarter worth about $31,000. Pineridge Advisors LLC bought a new stake in shares of eXp World during the 4th quarter worth about $33,000. Finally, nVerses Capital LLC grew its stake in eXp World by 102.2% in the 2nd quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after buying an additional 4,600 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

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.