eXp World (NASDAQ:EXPI) Posts Quarterly Earnings Results, Misses Estimates By $0.02 EPS

eXp World (NASDAQ:EXPI) announced its earnings results on Wednesday. The technology company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.02), Briefing.com reports. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. The business had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. During the same period in the previous year, the company earned $0.06 earnings per share. eXp World’s quarterly revenue was up 5.2% on a year-over-year basis.

eXp World Trading Down 10.6 %

Shares of NASDAQ EXPI traded down $1.52 during mid-day trading on Thursday, reaching $12.84. The company had a trading volume of 1,520,905 shares, compared to its average volume of 1,077,434. eXp World has a 52-week low of $8.91 and a 52-week high of $25.24. The stock has a market cap of $1.99 billion, a P/E ratio of -79.05 and a beta of 2.34. The firm has a 50 day simple moving average of $11.79 and a two-hundred day simple moving average of $11.60.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on EXPI shares. BTIG Research raised eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson lifted their price objective on eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research note on Thursday.

Insider Buying and Selling at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $10.92, for a total transaction of $273,000.00. Following the sale, the chief executive officer now owns 41,513,393 shares in the company, valued at $453,326,251.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 334,783 shares of company stock worth $4,253,940 over the last 90 days. Corporate insiders own 35.70% of the company’s stock.

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.