eXp World (NASDAQ:EXPI – Get Free Report) posted its quarterly earnings data on Wednesday. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02), Briefing.com reports. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the company posted $0.06 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year.
eXp World Stock Performance
EXPI stock traded down $1.52 during midday trading on Thursday, reaching $12.84. The company’s stock had a trading volume of 1,520,905 shares, compared to its average volume of 1,077,434. The stock has a fifty day simple moving average of $11.82 and a two-hundred day simple moving average of $11.61. eXp World has a 1 year low of $8.91 and a 1 year high of $25.24. The firm has a market capitalization of $1.99 billion, a price-to-earnings ratio of -75.52 and a beta of 2.34.
Insider Activity
In related news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $11.05, for a total transaction of $276,250.00. Following the completion of the sale, the chief executive officer now owns 41,563,393 shares of the company’s stock, valued at $459,275,492.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have sold 334,783 shares of company stock worth $4,253,940. Company insiders own 35.70% of the company’s stock.
Analysts Set New Price Targets
Read Our Latest Stock Report on eXp World
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.
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