eXp World (NASDAQ:EXPI) Posts Earnings Results, Beats Expectations By $0.03 EPS

eXp World (NASDAQ:EXPI) issued its quarterly earnings results on Thursday. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03, Zacks reports. eXp World had a positive return on equity of 2.27% and a negative net margin of 0.74%.

eXp World Stock Performance

Shares of NASDAQ EXPI traded up $0.03 during trading on Thursday, reaching $11.34. The stock had a trading volume of 1,418,888 shares, compared to its average volume of 869,472. eXp World has a one year low of $8.91 and a one year high of $15.39. The stock has a market cap of $1.74 billion, a PE ratio of -51.55 and a beta of 2.29. The firm’s 50 day moving average price is $11.43 and its two-hundred day moving average price is $12.57.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.41, for a total transaction of $720,500.00. Following the completion of the transaction, the chief executive officer now directly owns 40,389,080 shares in the company, valued at $582,006,642.80. This represents a 0.12 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Jian Cheng sold 18,750 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $13.81, for a total value of $258,937.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 430,261 shares of company stock worth $5,344,998. 35.70% of the stock is currently owned by insiders.

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.