eXp World (NASDAQ:EXPI) Reaches New 52-Week Low - Here's What Happened

eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report)'s share price reached a new 52-week low during trading on Monday . The company traded as low as $8.62 and last traded at $8.69, with a volume of 51005 shares traded. The stock had previously closed at $8.84.

Wall Street Analyst Weigh In

Separately, DA Davidson restated a "neutral" rating and set a $13.50 target price on shares of eXp World in a research report on Friday, February 21st.

eXp World Stock Performance

The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -63.50 and a beta of 2.44. The stock's fifty day moving average is $9.77 and its two-hundred day moving average is $11.52.

eXp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts' consensus estimates of ($0.06) by $0.03. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. Sell-side analysts anticipate that eXp World Holdings, Inc. will post 0.48 earnings per share for the current year.

eXp World Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th were paid a $0.05 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $0.20 annualized dividend and a dividend yield of 2.24%. eXp World's payout ratio is currently -142.86%.

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the company's stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $10.94, for a total value of $273,500.00. Following the completion of the sale, the chief executive officer now directly owns 39,993,400 shares of the company's stock, valued at approximately $437,527,796. This represents a 0.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 305,000 shares of company stock worth $3,106,850. Company insiders own 27.96% of the company's stock.

Institutional Investors Weigh In On eXp World

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of eXp World in the 4th quarter worth approximately $32,000. Graney & King LLC acquired a new stake in shares of eXp World during the fourth quarter valued at approximately $58,000. Sims Investment Management LLC acquired a new position in eXp World in the 4th quarter worth approximately $121,000. CIBC Asset Management Inc purchased a new position in eXp World during the 4th quarter worth approximately $122,000. Finally, Plato Investment Management Ltd raised its stake in eXp World by 16,347.0% during the 4th quarter. Plato Investment Management Ltd now owns 10,855 shares of the technology company's stock valued at $125,000 after purchasing an additional 10,789 shares during the period. 27.17% of the stock is currently owned by institutional investors.

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.