eXp World (NASDAQ:EXPI) Trading 9.1% Higher

eXp World Holdings, Inc. (NASDAQ:EXPI) shot up 9.1% during mid-day trading on Monday . The stock traded as high as $12.65 and last traded at $12.65. 292,543 shares changed hands during trading, a decline of 72% from the average session volume of 1,037,677 shares. The stock had previously closed at $11.59.

Wall Street Analysts Forecast Growth

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

eXp World Stock Performance

The stock has a market cap of $1.91 billion, a PE ratio of -72.17 and a beta of 2.30. The firm has a fifty day moving average price of $12.57 and a 200 day moving average price of $11.56.

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

eXp World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Wednesday, August 14th were issued a $0.05 dividend. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.61%. eXp World’s dividend payout ratio is currently -117.64%.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 20,000 shares of the firm’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $10.74, for a total value of $214,800.00. Following the completion of the transaction, the chief executive officer now owns 41,474,292 shares in the company, valued at approximately $445,433,896.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 499,055 shares of company stock valued at $6,349,022 over the last ninety days. 35.70% of the stock is currently owned by insiders.

Institutional Trading of eXp World

Several large investors have recently made changes to their positions in EXPI. Vanguard Group Inc. boosted its holdings in eXp World by 0.9% during the first quarter. Vanguard Group Inc. now owns 12,109,705 shares of the technology company’s stock worth $125,093,000 after buying an additional 107,303 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of eXp World by 6.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,803,116 shares of the technology company’s stock valued at $20,348,000 after acquiring an additional 101,600 shares during the period. Millennium Management LLC increased its stake in shares of eXp World by 91.7% in the 2nd quarter. Millennium Management LLC now owns 1,377,365 shares of the technology company’s stock valued at $15,544,000 after purchasing an additional 659,012 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in eXp World by 12.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 877,657 shares of the technology company’s stock worth $13,621,000 after purchasing an additional 93,810 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in eXp World by 5.4% during the second quarter. Bank of New York Mellon Corp now owns 710,428 shares of the technology company’s stock worth $8,017,000 after purchasing an additional 36,569 shares in the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

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.