DA Davidson reaffirmed their neutral rating on shares of eXp World (NASDAQ:EXPI - Free Report) in a report released on Friday,Benzinga reports. The brokerage currently has a $13.50 price target on the technology company's stock.
eXp World Price Performance
Shares of EXPI traded up $0.30 during mid-day trading on Friday, reaching $10.50. 1,900,071 shares of the company's stock traded hands, compared to its average volume of 951,291. The stock's 50-day moving average is $11.29 and its two-hundred day moving average is $12.54. eXp World has a 12 month low of $8.91 and a 12 month high of $15.39. The stock has a market cap of $1.62 billion, a P/E ratio of -74.96 and a beta of 2.29.
eXp World (NASDAQ:EXPI - Get Free Report) last released its 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. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. Research analysts predict that eXp World will post 0.48 earnings per share for the current year.
eXp World Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 19th. Shareholders of record on Tuesday, March 4th will be given a $0.05 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $0.20 annualized dividend and a yield of 1.91%. eXp World's dividend payout ratio (DPR) is -142.86%.
Insider Transactions at eXp World
In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the company's stock in a transaction on Monday, February 24th. The stock was sold at an average price of $10.21, for a total value of $255,250.00. Following the completion of the sale, the chief executive officer now directly owns 39,903,400 shares in the company, valued at approximately $407,413,714. This represents a 0.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders have sold 386,511 shares of company stock valued at $4,620,811. 35.70% of the stock is currently owned by company insiders.
Institutional Trading of eXp World
Institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC purchased a new position in eXp World during the 3rd quarter valued at about $30,000. SBI Securities Co. Ltd. bought a new position in shares of eXp World during the fourth quarter valued at approximately $32,000. Point72 Hong Kong Ltd purchased a new position in eXp World during the third quarter valued at approximately $34,000. Graney & King LLC bought a new position in eXp World in the fourth quarter worth approximately $58,000. Finally, Sims Investment Management LLC purchased a new stake in eXp World during the fourth quarter worth $121,000. 27.17% of the stock is currently owned by institutional investors.
About eXp World
(
Get Free Report)
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.
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