eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Sells $616,500.00 in Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $12.33, for a total transaction of $616,500.00. Following the transaction, the chief executive officer now owns 41,120,297 shares of the company’s stock, valued at approximately $507,013,262.01. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Glenn Darrel Sanford also recently made the following trade(s):

• On Monday, July 29th, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The stock was sold at an average price of $14.48, for a total transaction of $579,200.00.
• On Monday, July 22nd, Glenn Darrel Sanford sold 40,000 shares of eXp World stock. The shares were sold at an average price of $13.79, for a total value of $551,600.00.
• On Wednesday, July 17th, Glenn Darrel Sanford sold 55,538 shares of eXp World stock. The stock was sold at an average price of $14.29, for a total value of $793,638.02.
• On Monday, July 15th, Glenn Darrel Sanford sold 83,240 shares of eXp World stock. The shares were sold at an average price of $12.80, for a total value of $1,065,472.00.
• On Monday, July 8th, Glenn Darrel Sanford sold 20,000 shares of eXp World stock. The stock was sold at an average price of $11.12, for a total value of $222,400.00.
• On Monday, July 1st, Glenn Darrel Sanford sold 20,000 shares of eXp World stock. The shares were sold at an average price of $10.74, for a total transaction of $214,800.00.
• On Monday, June 24th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.62, for a total transaction of $265,500.00.
• On Wednesday, June 12th, Glenn Darrel Sanford sold 1,005 shares of eXp World stock. The shares were sold at an average price of $12.02, for a total transaction of $12,080.10.
• On Monday, June 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The stock was sold at an average price of $10.92, for a total transaction of $273,000.00.
• On Wednesday, May 29th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $11.05, for a total transaction of $276,250.00.

eXp World Stock Performance

NASDAQ EXPI traded down $0.06 during trading on Wednesday, reaching $12.13. The company’s stock had a trading volume of 264,608 shares, compared to its average volume of 1,074,719. The business’s fifty day moving average price is $11.90 and its 200-day moving average price is $11.58. eXp World Holdings, Inc. has a twelve month low of $8.91 and a twelve month high of $24.79. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of -71.70 and a beta of 2.34.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). eXp World had a negative net margin of 0.52% and a negative return on equity of 0.56%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same quarter last year, the firm earned $0.06 EPS. The business’s revenue was up 5.2% on a year-over-year basis. As a group, sell-side analysts forecast that eXp World Holdings, Inc. will post 0.18 EPS for the current fiscal year.

eXp World Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Wednesday, August 14th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend is Wednesday, August 14th. eXp World’s dividend payout ratio (DPR) is presently -117.64%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On eXp World

Hedge funds have recently modified their holdings of the stock. SRS Capital Advisors Inc. boosted its holdings in eXp World by 354.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,540 shares in the last quarter. Scarborough Advisors LLC purchased a new stake in shares of eXp World in the fourth quarter valued at approximately $31,000. Pineridge Advisors LLC acquired a new position in eXp World during the fourth quarter worth $33,000. International Assets Investment Management LLC purchased a new position in eXp World in the fourth quarter worth $48,000. Finally, nVerses Capital LLC lifted its holdings in eXp World by 102.2% in the second quarter. nVerses Capital LLC now owns 9,100 shares of the technology company’s stock valued at $103,000 after acquiring an additional 4,600 shares during the period. 27.17% of the stock is owned by institutional investors and hedge funds.

About eXp World

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.