Exp World (NASDAQ:EXPI) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Exp World Holdings, Inc. (NASDAQ:EXPI)’s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $10.22 and traded as low as $9.25. Exp World shares last traded at $9.54, with a volume of 1,264,498 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on EXPI. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $12.00.

Exp World Trading Up 2.8%

The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of -79.49 and a beta of 1.97. The company has a fifty day moving average price of $10.22 and a 200-day moving average price of $10.47.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.24 billion. Exp World had a negative net margin of 0.41% and a negative return on equity of 6.61%. Exp World’s revenue was up 6.9% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.04) EPS. As a group, sell-side analysts predict that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 17th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Monday, November 17th. Exp World’s payout ratio is presently -166.67%.

Insider Buying and Selling at Exp World

In other news, major shareholder Penny Sanford sold 117,179 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $12.04, for a total transaction of $1,410,835.16. Following the transaction, the insider owned 26,731,114 shares of the company’s stock, valued at approximately $321,842,612.56. This represents a 0.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $11.20, for a total value of $112,000.00. Following the completion of the transaction, the director directly owned 487,190 shares in the company, valued at $5,456,528. The trade was a 2.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 137,179 shares of company stock worth $1,623,035 over the last three months. Company insiders own 27.96% of the company’s stock.

Hedge Funds Weigh In On Exp World

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio lifted its stake in shares of Exp World by 32.7% in the second quarter. Public Employees Retirement System of Ohio now owns 4,191 shares of the technology company’s stock worth $38,000 after buying an additional 1,032 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Exp World by 73.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,516 shares during the period. Geneos Wealth Management Inc. raised its holdings in Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after acquiring an additional 1,856 shares during the period. Tower Research Capital LLC TRC lifted its position in Exp World by 387.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company’s stock worth $101,000 after acquiring an additional 8,827 shares during the last quarter. Finally, Corton Capital Inc. bought a new stake in Exp World during the second quarter valued at about $111,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

About Exp World

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.