Exp World (NASDAQ:EXPI) Sets New 12-Month Low – Should You Sell?

Exp World Holdings, Inc. (NASDAQ:EXPI) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $6.72 and last traded at $6.9340, with a volume of 126542 shares trading hands. The stock had previously closed at $6.97.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. DA Davidson set a $11.00 price objective on Exp World in a research report on Thursday. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a report on Monday, December 29th. One 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’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $11.00.

Exp World Price Performance

The firm has a fifty day moving average of $8.72 and a two-hundred day moving average of $10.06. The stock has a market capitalization of $1.11 billion, a P/E ratio of -49.21 and a beta of 2.12.

Exp World (NASDAQ:EXPI) last released its quarterly earnings results on Tuesday, February 24th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05). The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Exp World had a negative return on equity of 10.00% and a negative net margin of 0.48%.Exp World’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.06) earnings per share. As a group, sell-side analysts forecast that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 9th will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, March 9th. Exp World’s dividend payout ratio (DPR) is presently -142.86%.

Institutional Investors Weigh In On Exp World

Institutional investors have recently added to or reduced their stakes in the stock. Root Financial Partners LLC acquired a new stake in Exp World in the 4th quarter valued at about $25,000. PNC Financial Services Group Inc. lifted its stake in Exp World by 139.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,998 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of Exp World by 73.4% during the third 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 in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Exp World in the fourth quarter worth $37,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Exp World by 41.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after purchasing an additional 1,856 shares in the last quarter. 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.