eXp World (NASDAQ:EXPI) Trading Down 5%

Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) traded down 5% during trading on Monday . The company traded as low as $10.65 and last traded at $10.72. 328,128 shares changed hands during trading, a decline of 69% from the average session volume of 1,062,823 shares. The stock had previously closed at $11.28.

Analysts Set New Price Targets

Separately, DA Davidson reaffirmed an “underperform” rating and issued a $11.75 target price on shares of eXp World in a report on Thursday, May 2nd.

eXp World Trading Up 0.6 %

The firm’s fifty day simple moving average is $11.22 and its two-hundred day simple moving average is $11.86.

eXp World (NASDAQ:EXPI) last released its earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The company had revenue of $943.10 million for the quarter, compared to analysts’ expectations of $893.24 million. During the same quarter in the previous year, the company earned $0.01 EPS. eXp World’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, equities research analysts forecast that eXp World Holdings, Inc. will post 0.18 EPS for the current fiscal year.

eXp World Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Stockholders of record on Monday, May 13th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Friday, May 10th. eXp World’s dividend payout ratio (DPR) is -117.64%.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 29th. The stock was sold at an average price of $11.05, for a total value of $276,250.00. Following the completion of the transaction, the chief executive officer now directly owns 41,563,393 shares in the company, valued at approximately $459,275,492.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 96,005 shares of company stock valued at $1,041,630. 28.85% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC grew its holdings in eXp World by 12.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 21,634 shares of the technology company’s stock valued at $215,000 after buying an additional 2,370 shares in the last quarter. Cim LLC grew its stake in shares of eXp World by 12.0% in the 1st quarter. Cim LLC now owns 30,080 shares of the technology company’s stock worth $311,000 after buying an additional 3,214 shares in the last quarter. Bayesian Capital Management LP purchased a new position in shares of eXp World in the 1st quarter worth $138,000. Price T Rowe Associates Inc. MD increased its holdings in shares of eXp World by 4.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 64,126 shares of the technology company’s stock worth $663,000 after buying an additional 2,845 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in shares of eXp World during the 1st quarter valued at about $124,000. Institutional investors own 27.17% of the company’s stock.

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.