eXp World (NASDAQ:EXPI) Shares Down 5%

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

Analyst Upgrades and Downgrades

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

eXp World Stock Up 0.6 %

The business has a fifty day moving average of $11.22 and a 200 day moving average of $11.86.

eXp World (NASDAQ:EXPI) last announced its quarterly 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. The business had revenue of $943.10 million for the quarter, compared to the consensus estimate of $893.24 million. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. eXp World’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS. On average, equities analysts expect that eXp World Holdings, Inc. will post 0.18 EPS for the current fiscal year.

eXp World Dividend Announcement

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

Insiders Place Their Bets

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the business’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 sale, the chief executive officer now directly owns 41,513,393 shares of the company’s stock, valued at approximately $453,326,251.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 96,005 shares of company stock worth $1,041,630 over the last ninety days. 28.85% of the stock is currently owned by corporate insiders.

Institutional Trading of eXp World

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Deutsche Bank AG grew its position in eXp World by 13.4% in the third quarter. Deutsche Bank AG now owns 36,264 shares of the technology company’s stock valued at $589,000 after purchasing an additional 4,299 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of eXp World by 21.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 409,894 shares of the technology company’s stock valued at $6,657,000 after acquiring an additional 71,183 shares in the last quarter. Invesco Ltd. increased its position in shares of eXp World by 30.5% in the third quarter. Invesco Ltd. now owns 432,798 shares of the technology company’s stock valued at $7,029,000 after acquiring an additional 101,147 shares during the last quarter. Hsbc Holdings PLC raised its holdings in eXp World by 134.8% during the third quarter. Hsbc Holdings PLC now owns 28,298 shares of the technology company’s stock worth $456,000 after acquiring an additional 16,245 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in eXp World by 861.7% during the third quarter. Qube Research & Technologies Ltd now owns 291,809 shares of the technology company’s stock valued at $4,739,000 after purchasing an additional 261,466 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.