eXp World (NASDAQ:EXPI) Trading Down 5%

eXp World Holdings, Inc. (NASDAQ:EXPI) fell 5% during trading on Monday . The company traded as low as $10.65 and last traded at $10.72. 328,128 shares were traded during mid-day trading, a decline of 69% from the average session volume of 1,062,823 shares. The stock had previously closed at $11.28.

Analyst Ratings Changes

A number of research firms recently commented on EXPI. TheStreet cut eXp World from a “c-” rating to a “d” rating in a report on Monday, March 4th. DA Davidson reissued an “underperform” rating and issued a $11.75 price target on shares of eXp World in a report on Thursday, May 2nd.

eXp World Trading Down 4.9 %

The company has a fifty day moving average price of $11.21 and a 200-day moving average price of $11.93.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The business had revenue of $943.10 million for the quarter, compared to analysts’ expectations of $893.24 million. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. The company’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. As a group, equities research analysts predict that eXp World Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

eXp World Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Stockholders of record on Monday, May 13th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $0.20 annualized dividend and a dividend yield of 1.86%. eXp World’s dividend payout ratio (DPR) is -117.64%.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $11.05, for a total transaction of $276,250.00. Following the sale, the chief executive officer now owns 41,563,393 shares in the company, valued at approximately $459,275,492.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last 90 days, insiders have sold 76,005 shares of company stock valued at $826,830. 28.85% of the stock is currently owned by insiders.

Institutional Trading of eXp World

Several hedge funds and other institutional investors have recently bought and sold shares of EXPI. Norges Bank purchased a new stake in eXp World during the 4th quarter valued at $7,141,000. Qube Research & Technologies Ltd increased its stake in eXp World by 861.7% in the third quarter. Qube Research & Technologies Ltd now owns 291,809 shares of the technology company’s stock worth $4,739,000 after purchasing an additional 261,466 shares during the period. Vident Advisory LLC increased its stake in eXp World by 594.0% in the first quarter. Vident Advisory LLC now owns 289,831 shares of the technology company’s stock worth $2,994,000 after purchasing an additional 248,070 shares during the period. Copeland Capital Management LLC increased its stake in eXp World by 6.4% in the fourth quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock worth $60,011,000 after purchasing an additional 232,321 shares during the period. Finally, Wellington Management Group LLP purchased a new stake in eXp World in the third quarter worth $3,771,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

About eXp World

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.