Penny Sanford Sells 60,000 Shares of eXp World Holdings, Inc. (NASDAQ:EXPI) Stock

eXp World Holdings, Inc. (NASDAQ:EXPI – Get Rating) major shareholder Penny Sanford sold 60,000 shares of the business’s stock in a transaction dated Wednesday, March 15th. The stock was sold at an average price of $12.18, for a total value of $730,800.00. Following the completion of the sale, the insider now directly owns 27,164,043 shares of the company’s stock, valued at approximately $330,858,043.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Penny Sanford also recently made the following trade(s):

• On Friday, February 17th, Penny Sanford sold 60,000 shares of eXp World stock. The stock was sold at an average price of $14.83, for a total value of $889,800.00.
• On Thursday, January 19th, Penny Sanford sold 60,000 shares of eXp World stock. The stock was sold at an average price of $13.05, for a total value of $783,000.00.
• On Tuesday, January 10th, Penny Sanford sold 7,343 shares of eXp World stock. The stock was sold at an average price of $12.00, for a total value of $88,116.00.

eXp World Price Performance

NASDAQ EXPI opened at $11.85 on Friday. eXp World Holdings, Inc. has a twelve month low of $9.96 and a twelve month high of $26.32. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.76 and a current ratio of 2.76. The stock has a market capitalization of $1.81 billion, a PE ratio of 118.51 and a beta of 2.75. The stock has a 50-day simple moving average of $13.84 and a 200 day simple moving average of $12.69.

eXp World (NASDAQ:EXPI – Get Rating) last posted its quarterly earnings data on Tuesday, February 28th. The technology company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.02). eXp World had a return on equity of 6.13% and a net margin of 0.34%. The business had revenue of $933.40 million for the quarter, compared to analyst estimates of $1.05 billion. Research analysts anticipate that eXp World Holdings, Inc. will post 0.22 EPS for the current year.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Monday, March 13th will be paid a dividend of $0.045 per share. The ex-dividend date is Friday, March 10th. This represents a $0.18 annualized dividend and a yield of 1.52%. eXp World’s dividend payout ratio is 180.02%.

Hedge Funds Weigh In On eXp World

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its stake in eXp World by 305.2% during the second quarter. Federated Hermes Inc. now owns 3,590 shares of the technology company’s stock valued at $42,000 after acquiring an additional 2,704 shares during the period. Duality Advisers LP bought a new position in eXp World during the third quarter valued at about $1,045,000. Copeland Capital Management LLC increased its stake in eXp World by 0.7% during the third quarter. Copeland Capital Management LLC now owns 2,510,389 shares of the technology company’s stock valued at $28,141,000 after acquiring an additional 16,838 shares during the period. TD Asset Management Inc. increased its stake in eXp World by 35.2% during the third quarter. TD Asset Management Inc. now owns 718,426 shares of the technology company’s stock valued at $7,953,000 after acquiring an additional 187,197 shares during the period. Finally, Capital Wealth Alliance LLC bought a new position in eXp World during the second quarter valued at about $11,601,000. 56.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

EXPI has been the subject of a number of analyst reports. DA Davidson reduced their price target on eXp World from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday, March 1st. William Blair reissued a “market perform” rating on shares of eXp World in a research report on Wednesday, March 1st.

About eXp World

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eXp World Holdings, Inc operates as a cloud-based real estate brokerage firm. It focuses on the development and use of cloud-based technologies in order to grow an international brokerage without the burden of physical brick and mortar offices and redundant staffing costs. The firm offers software subscriptions to customers to access its virtual reality software platform through VirBELA.