eXp World (NASDAQ:EXPI) Shares Gap Down to $13.24

Posted by Defense World Staff on Jan 15th, 2023

eXp World Holdings, Inc. (NASDAQ:EXPI – Get Rating)’s share price gapped down prior to trading on Friday . The stock had previously closed at $13.24, but opened at $12.85. eXp World shares last traded at $13.02, with a volume of 1,941 shares.

Analyst Ratings Changes

Separately, DA Davidson reduced their target price on shares of eXp World from $20.00 to $16.00 and set a “buy” rating for the company in a report on Thursday, November 3rd.

eXp World Price Performance

The firm has a market capitalization of $2.05 billion, a P/E ratio of 53.64 and a beta of 2.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.41 and a quick ratio of 2.41. The stock’s fifty day simple moving average is $11.94 and its 200 day simple moving average is $12.92.

eXp World (NASDAQ:EXPI – Get Rating) last announced its earnings results on Wednesday, November 2nd. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). eXp World had a return on equity of 15.52% and a net margin of 0.80%. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.40 billion. On average, equities research analysts predict that eXp World Holdings, Inc. will post 0.13 EPS for the current year.

eXp World Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 14th were paid a dividend of $0.045 per share. This is a positive change from eXp World’s previous quarterly dividend of $0.04. The ex-dividend date of this dividend was Thursday, November 10th. This represents a $0.18 dividend on an annualized basis and a dividend yield of 1.34%. eXp World’s payout ratio is presently 72.00%.

Insider Transactions at eXp World

In other news, major shareholder Penny Sanford sold 3,251 shares of the business’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $12.00, for a total transaction of $39,012.00. Following the sale, the insider now owns 27,452,071 shares in the company, valued at $329,424,852. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 19,315 shares of company stock worth $232,478. Insiders own 35.70% of the company’s stock.

Institutional Investors Weigh In On eXp World

A number of large investors have recently modified their holdings of EXPI. Federated Hermes Inc. boosted its position in eXp World by 305.2% in the second quarter. Federated Hermes Inc. now owns 3,590 shares of the technology company’s stock valued at $42,000 after buying an additional 2,704 shares during the last quarter. First Horizon Advisors Inc. boosted its position in eXp World by 1,286.2% in the second quarter. First Horizon Advisors Inc. now owns 4,616 shares of the technology company’s stock valued at $53,000 after buying an additional 4,283 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in eXp World in the third quarter valued at approximately $55,000. Tower Research Capital LLC TRC boosted its position in eXp World by 65.9% in the third quarter. Tower Research Capital LLC TRC now owns 5,375 shares of the technology company’s stock valued at $60,000 after buying an additional 2,136 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its position in eXp World by 393.5% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 7,215 shares of the technology company’s stock valued at $81,000 after buying an additional 5,753 shares during the last quarter. Hedge funds and other institutional investors own 56.58% of the company’s stock.

About eXp World

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eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers.