eXp World Holdings, Inc. (NASDAQ:EXPI) Director Randall D. Miles Sells 10,000 Shares

eXp World Holdings, Inc. (NASDAQ:EXPI) Director Randall D. Miles sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total value of $91,500.00. Following the transaction, the director now directly owns 537,190 shares in the company, valued at approximately $4,915,288.50. This represents a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

eXp World Stock Performance

eXp World stock opened at $9.19 on Thursday. The stock has a market cap of $1.44 billion, a PE ratio of -65.64 and a beta of 2.56. eXp World Holdings, Inc. has a one year low of $6.90 and a one year high of $15.39. The stock has a 50-day moving average of $8.58 and a two-hundred day moving average of $10.32.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Tuesday, May 6th. The technology company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The firm had revenue of $954.91 million for the quarter, compared to analyst estimates of $994.83 million. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The business’s revenue was up 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.02) 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 4th. Investors of record on Monday, May 19th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, May 19th. This represents a $0.20 dividend on an annualized basis and a yield of 2.18%. eXp World’s dividend payout ratio is presently -181.82%.

Hedge Funds Weigh In On eXp World

Several institutional investors and hedge funds have recently modified their holdings of EXPI. Barclays PLC raised its position in shares of eXp World by 27.8% in the third quarter. Barclays PLC now owns 144,758 shares of the technology company’s stock worth $2,040,000 after acquiring an additional 31,509 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of eXp World in the fourth quarter valued at about $1,092,000. Kingsview Wealth Management LLC purchased a new position in eXp World in the 4th quarter worth approximately $1,657,000. Entropy Technologies LP grew its holdings in eXp World by 19.2% in the 4th quarter. Entropy Technologies LP now owns 14,920 shares of the technology company’s stock valued at $172,000 after buying an additional 2,400 shares in the last quarter. Finally, Rhumbline Advisers increased its position in eXp World by 4.9% during the fourth quarter. Rhumbline Advisers now owns 239,919 shares of the technology company’s stock worth $2,761,000 after purchasing an additional 11,240 shares during the last quarter. Institutional investors and hedge funds own 27.17% of the company’s stock.

Analysts Set New Price Targets

Separately, DA Davidson upgraded eXp World from a “neutral” rating to a “buy” rating and set a $10.75 price target on the stock in a research note on Thursday, May 29th.

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.