Exp World (NASDAQ:EXPI) Shares Down 6.8% – Here’s Why

Shares of Exp World Holdings, Inc. (NASDAQ:EXPI) were down 6.8% during trading on Monday . The company traded as low as $9.78 and last traded at $9.8790. Approximately 116,605 shares were traded during trading, a decline of 90% from the average daily volume of 1,184,552 shares. The stock had previously closed at $10.60.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on EXPI. Zacks Research lowered shares of Exp World from a “hold” rating to a “strong sell” rating in a research note on Monday, November 10th. Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a research report on Monday. One equities research analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Exp World has a consensus rating of “Reduce” and a consensus target price of $12.00.

Exp World Stock Performance

The firm has a market capitalization of $1.59 billion, a PE ratio of -83.53 and a beta of 1.98. The stock’s 50 day simple moving average is $10.78 and its two-hundred day simple moving average is $10.41.

Exp World (NASDAQ:EXPI) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). The company had revenue of $1.32 billion during the quarter, compared to analyst estimates 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 for the quarter was up 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.04) EPS. Equities research analysts expect that Exp World Holdings, Inc. will post 0.48 earnings per share for the current fiscal year.

Exp World Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Monday, November 17th. Exp World’s payout ratio is currently -166.67%.

Insider Transactions at Exp World

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction dated Monday, December 1st. The shares were sold at an average price of $11.20, for a total value of $112,000.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Penny Sanford sold 117,179 shares of the stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $12.04, for a total transaction of $1,410,835.16. Following the completion of the sale, the insider directly owned 26,731,114 shares of the company’s stock, valued at approximately $321,842,612.56. This trade represents a 0.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 147,179 shares of company stock valued at $1,727,735 in the last three months. 27.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EXPI. Public Employees Retirement System of Ohio raised its position in 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 valued at $38,000 after purchasing an additional 1,032 shares during the period. Jones Financial Companies Lllp increased its position in shares of Exp World by 73.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,516 shares during the last quarter. Brooklyn Investment Group raised its holdings in Exp World by 880.8% in the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company’s stock valued at $47,000 after buying an additional 4,316 shares during the period. Geneos Wealth Management Inc. lifted its position in Exp World by 41.2% in the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after buying an additional 1,856 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Exp World by 387.0% during the second quarter. Tower Research Capital LLC TRC now owns 11,108 shares of the technology company’s stock worth $101,000 after buying an additional 8,827 shares during the period. 27.17% of the stock is currently 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.