Pineridge Advisors LLC Purchases New Stake in eXp World Holdings, Inc. (NASDAQ:EXPI)

Pineridge Advisors LLC acquired a new position in eXp World Holdings, Inc. (NASDAQ:EXPI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,106 shares of the technology company’s stock, valued at approximately $33,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. SRS Capital Advisors Inc. increased its stake in shares of eXp World by 354.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,540 shares in the last quarter. Scarborough Advisors LLC purchased a new position in eXp World during the 4th quarter valued at about $31,000. Blue Trust Inc. increased its position in shares of eXp World by 201.3% during the fourth quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock valued at $48,000 after buying an additional 1,955 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of eXp World in the fourth quarter worth about $48,000. Finally, DekaBank Deutsche Girozentrale bought a new position in shares of eXp World in the third quarter valued at approximately $51,000. 27.17% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $10.92, for a total value of $273,000.00. Following the completion of the sale, the chief executive officer now owns 41,513,393 shares of the company’s stock, valued at approximately $453,326,251.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 51,005 shares of company stock worth $561,330 in the last quarter. 35.70% of the stock is owned by insiders.

eXp World Trading Down 0.7 %

eXp World stock traded down $0.07 during mid-day trading on Friday, hitting $10.65. 659,592 shares of the company traded hands, compared to its average volume of 845,033. The stock has a fifty day moving average price of $11.03 and a 200-day moving average price of $12.16. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $25.39.

eXp World (NASDAQ:EXPI) last announced its earnings results on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $893.24 million. During the same period in the previous year, the business earned $0.01 earnings per share. The firm’s quarterly revenue was up 11.1% compared to the same quarter last year. Analysts expect that eXp World Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Investors of record on Monday, May 13th were issued a dividend of $0.05 per share. The ex-dividend date was Friday, May 10th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.88%. eXp World’s dividend payout ratio is -117.64%.

Wall Street Analyst Weigh In

Several brokerages have commented on EXPI. DA Davidson reissued an “underperform” rating and issued a $11.75 price target on shares of eXp World in a report on Thursday, May 2nd. TheStreet cut eXp World from a “c-” rating to a “d” rating in a research report on Monday, March 4th.

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.