Exp World (NASDAQ:EXPI) Shares Gap Down After Earnings Miss

Exp World Holdings, Inc. (NASDAQ:EXPI)’s share price gapped down before the market opened on Wednesday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $7.47, but opened at $7.15. Exp World shares last traded at $7.0880, with a volume of 338,056 shares.

The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Exp World had a negative return on equity of 10.00% and a negative net margin of 0.48%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.06) earnings per share.

Exp World Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 9th will be given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, March 9th. Exp World’s dividend payout ratio (DPR) is currently -166.67%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. DA Davidson set a $11.00 price objective on Exp World in a research report on Thursday. Finally, Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $11.00.

Insiders Place Their Bets

In related news, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction on Monday, December 1st. The stock was sold at an average price of $11.20, for a total transaction of $112,000.00. Following the completion of the sale, the director directly owned 487,190 shares of the company’s stock, valued at $5,456,528. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 27.96% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of EXPI. Root Financial Partners LLC acquired a new stake in shares of Exp World in the 4th quarter valued at $25,000. PNC Financial Services Group Inc. boosted its holdings in Exp World by 139.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,998 shares during the last quarter. Kemnay Advisory Services Inc. bought a new position in Exp World in the fourth quarter valued at about $37,000. Jones Financial Companies Lllp increased its position in Exp World by 73.4% in the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after purchasing an additional 1,516 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in Exp World by 41.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after purchasing an additional 1,856 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

Exp World Trading Up 0.3%

The stock has a market capitalization of $1.18 billion, a P/E ratio of -52.28 and a beta of 2.12. The company has a fifty day simple moving average of $8.78 and a two-hundred day simple moving average of $10.08.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.