eXp World Holdings, Inc. (NASDAQ:EXPI – Get Rating) major shareholder Penny Sanford sold 60,000 shares of the company’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $12.41, for a total value of $744,600.00. Following the transaction, the insider now owns 27,704,043 shares in the company, valued at $343,807,173.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ EXPI traded up $0.07 during midday trading on Wednesday, reaching $12.30. 1,747,636 shares of the company were exchanged, compared to its average volume of 1,288,558. The company has a current ratio of 2.87, a quick ratio of 2.87 and a debt-to-equity ratio of 0.01. eXp World Holdings, Inc. has a 1 year low of $11.76 and a 1 year high of $55.43. The stock has a fifty day simple moving average of $14.68 and a 200 day simple moving average of $23.59. The stock has a market cap of $1.84 billion, a P/E ratio of 22.24 and a beta of 3.14.
eXp World (NASDAQ:EXPI – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $942.56 million. eXp World had a return on equity of 41.05% and a net margin of 2.03%. The business’s quarterly revenue was up 73.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.03 EPS. As a group, analysts forecast that eXp World Holdings, Inc. will post 0.52 earnings per share for the current year.
If you missed the boat on Tesla stocks, it’s not too late! But don’t follow the crowd and think EV makers are the most exciting investment. The smart money is focused on the miners that supply battery-grade lithium to EV manufacturers. With lithium demand expected to increase 10x by 2030, this industry is set to explode…
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 31st. Investors of record on Monday, May 16th were given a $0.04 dividend. The ex-dividend date of this dividend was Friday, May 13th. This represents a $0.16 dividend on an annualized basis and a yield of 1.30%. eXp World’s payout ratio is currently 29.09%.
A number of large investors have recently made changes to their positions in the stock. Neuberger Berman Group LLC acquired a new stake in eXp World in the first quarter valued at about $238,000. BNP Paribas Arbitrage SA lifted its position in eXp World by 77.4% in the first quarter. BNP Paribas Arbitrage SA now owns 45,875 shares of the technology company’s stock valued at $971,000 after purchasing an additional 20,014 shares during the period. Beacon Pointe Advisors LLC acquired a new stake in eXp World in the first quarter valued at about $1,250,000. Quantbot Technologies LP acquired a new stake in shares of eXp World during the 1st quarter valued at approximately $186,000. Finally, Royal Bank of Canada lifted its position in shares of eXp World by 24.1% during the 1st quarter. Royal Bank of Canada now owns 49,232 shares of the technology company’s stock valued at $1,041,000 after acquiring an additional 9,548 shares during the period. Hedge funds and other institutional investors own 54.70% of the company’s stock.
Several brokerages have recently issued reports on EXPI. William Blair reiterated a “market perform” rating on shares of eXp World in a research note on Friday, February 25th. DA Davidson dropped their price objective on eXp World from $45.00 to $34.00 in a report on Thursday, May 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $43.50.
About eXp World (Get Rating)
eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in eXp World right now?
Before you consider eXp World, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and eXp World wasn’t on the list.
While eXp World currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Read More: Penny Sanford Sells 60,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock