eXp World (NASDAQ:EXPI) Reaches New 1-Year Low – Here’s What Happened

eXp World Holdings, Inc. (NASDAQ:EXPI) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $9.10 and last traded at $9.18, with a volume of 883368 shares trading hands. The stock had previously closed at $9.89.

Wall Street Analyst Weigh In

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

eXp World Stock Down 7.5 %

The stock’s fifty day simple moving average is $10.45 and its 200 day simple moving average is $12.09. The firm has a market capitalization of $1.39 billion, a PE ratio of -65.35 and a beta of 2.44.

eXp World (NASDAQ:EXPI) last announced its earnings results on Thursday, February 20th. The technology company reported ($0.03) EPS 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 company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. On average, analysts predict that eXp World Holdings, Inc. will post 0.48 EPS for the current year.

eXp World Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 19th. Investors of record on Tuesday, March 4th were paid a dividend of $0.05 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.19%. eXp World’s dividend payout ratio (DPR) is presently -142.86%.

Insiders Place Their Bets

In other eXp World news, CEO Glenn Darrel Sanford sold 20,000 shares of the stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $9.80, for a total value of $196,000.00. Following the completion of the sale, the chief executive officer now owns 39,783,400 shares in the company, valued at approximately $389,877,320. This represents a 0.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last 90 days, insiders have sold 320,000 shares of company stock worth $3,404,750. Company insiders own 27.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPI. Charles Schwab Investment Management Inc. lifted its holdings in shares of eXp World by 16.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock worth $18,153,000 after buying an additional 183,823 shares in the last quarter. FMR LLC increased its holdings in shares of eXp World by 4,338.7% in the third quarter. FMR LLC now owns 123,885 shares of the technology company’s stock worth $1,746,000 after purchasing an additional 121,094 shares during the last quarter. Public Sector Pension Investment Board lifted its position in shares of eXp World by 5.3% in the third quarter. Public Sector Pension Investment Board now owns 179,370 shares of the technology company’s stock worth $2,527,000 after buying an additional 9,000 shares in the last quarter. Verition Fund Management LLC boosted its stake in eXp World by 16.2% during the third quarter. Verition Fund Management LLC now owns 68,941 shares of the technology company’s stock valued at $971,000 after buying an additional 9,613 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in eXp World during the third quarter valued at approximately $34,000. 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.