eXp World (NASDAQ:EXPI) Hits New 1-Year Low - Should You Sell?

eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) hit a new 52-week low on Thursday . The company traded as low as $9.10 and last traded at $9.18, with a volume of 883368 shares. The stock had previously closed at $9.89.

Wall Street Analyst Weigh In

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

eXp World Trading Down 2.5 %

The company has a 50 day simple moving average of $10.23 and a 200 day simple moving average of $11.90. The stock has a market cap of $1.37 billion, a P/E ratio of -64.28 and a beta of 2.44.

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

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend was Tuesday, March 4th. eXp World's payout ratio is -142.86%.

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Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 20,000 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of $9.22, for a total transaction of $184,400.00. Following the sale, the chief executive officer now directly owns 39,763,400 shares of the company's stock, valued at approximately $366,618,548. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 315,000 shares of company stock valued at $3,301,150. 27.96% of the stock is owned by insiders.

Institutional Investors Weigh In On eXp World

A number of institutional investors and hedge funds have recently modified their holdings of EXPI. JPMorgan Chase & Co. increased its position in eXp World by 17.0% during the third quarter. JPMorgan Chase & Co. now owns 520,419 shares of the technology company's stock worth $7,333,000 after buying an additional 75,431 shares during the last quarter. State Street Corp boosted its stake in shares of eXp World by 4.1% during the 3rd quarter. State Street Corp now owns 2,982,216 shares of the technology company's stock worth $42,019,000 after acquiring an additional 117,418 shares during the period. Principal Financial Group Inc. increased its holdings in shares of eXp World by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 411,874 shares of the technology company's stock worth $4,741,000 after acquiring an additional 11,588 shares during the last quarter. Pacer Advisors Inc. bought a new stake in eXp World in the 4th quarter valued at $60,767,000. Finally, Geode Capital Management LLC raised its stake in eXp World by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,211,172 shares of the technology company's stock valued at $31,161,000 after acquiring an additional 118,210 shares during the period. 27.17% of the stock is 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.