eXp World (NASDAQ:EXPI) Given “Neutral” Rating at DA Davidson

DA Davidson reiterated their neutral rating on shares of eXp World (NASDAQ:EXPI) in a report issued on Friday,Benzinga reports. They currently have a $13.50 target price on the technology company’s stock.

eXp World Stock Performance

NASDAQ EXPI opened at $10.26 on Friday. The firm has a market cap of $1.58 billion, a PE ratio of -46.64 and a beta of 2.29. eXp World has a one year low of $8.91 and a one year high of $15.39. The firm’s fifty day moving average is $11.40 and its two-hundred day moving average is $12.56.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company 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 0.74% and a positive return on equity of 2.27%. Research analysts predict that eXp World will post 0.08 earnings per share for the current year.

eXp World Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 19th. Stockholders of record on Tuesday, March 4th will be paid a dividend of $0.05 per share. The ex-dividend date is Tuesday, March 4th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.95%. eXp World’s dividend payout ratio (DPR) is -90.91%.

Insider Transactions at eXp World

In other news, CEO Glenn Darrel Sanford sold 50,000 shares of the business’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $14.41, for a total transaction of $720,500.00. Following the transaction, the chief executive officer now directly owns 40,389,080 shares in the company, valued at $582,006,642.80. The trade was a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 411,511 shares of company stock worth $5,086,061 over the last ninety days. 35.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of 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 acquiring an additional 75,431 shares during the period. CWA Asset Management Group LLC purchased a new stake in eXp World during the third quarter worth about $519,000. Harbor Capital Advisors Inc. boosted its holdings in eXp World by 91.9% during the third quarter. Harbor Capital Advisors Inc. now owns 116,517 shares of the technology company’s stock worth $1,642,000 after buying an additional 55,814 shares in the last quarter. State Street Corp boosted its holdings in eXp World by 4.1% during the third quarter. State Street Corp now owns 2,982,216 shares of the technology company’s stock worth $42,019,000 after buying an additional 117,418 shares in the last quarter. Finally, Algert Global LLC boosted its holdings in eXp World by 147.6% during the third quarter. Algert Global LLC now owns 296,085 shares of the technology company’s stock worth $4,172,000 after buying an additional 176,509 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

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.