Exp World (NASDAQ:EXPI) Share Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Exp World Holdings, Inc. (NASDAQ:EXPI) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $10.22 and traded as low as $9.25. Exp World shares last traded at $9.54, with a volume of 1,264,498 shares traded.

Analyst Ratings Changes

A number of brokerages recently weighed in on EXPI. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. One research 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 stock currently has an average rating of “Hold” and an average price target of $12.00.

Exp World Trading Up 2.8%

The firm’s fifty day simple moving average is $10.22 and its two-hundred day simple moving average is $10.46. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -79.49 and a beta of 1.97.

Exp World (NASDAQ:EXPI) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.24 billion. Exp World had a negative net margin of 0.41% and a negative return on equity of 6.61%. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same period last year, the company earned ($0.04) EPS. As a group, analysts forecast that Exp World Holdings, Inc. will post 0.48 EPS for the current fiscal year.

Exp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Stockholders of record on Monday, November 17th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 2.1%. The ex-dividend date was Monday, November 17th. Exp World’s dividend payout ratio is currently -166.67%.

Insider Buying and Selling

In related news, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $11.20, for a total value of $112,000.00. Following the completion of the sale, the director owned 487,190 shares in the company, valued at approximately $5,456,528. This trade represents a 2.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Penny Sanford sold 117,179 shares of the company’s stock in a transaction on Tuesday, November 25th. The stock was sold at an average price of $12.04, for a total value of $1,410,835.16. Following the transaction, the insider owned 26,731,114 shares in the company, valued at $321,842,612.56. This trade represents a 0.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 137,179 shares of company stock valued at $1,623,035 in the last ninety days. 27.96% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of Exp World by 13.1% during the third quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company’s stock worth $143,084,000 after acquiring an additional 1,557,600 shares during the period. Bank of America Corp DE increased its stake in shares of Exp World by 73.3% during the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after buying an additional 1,391,582 shares during the period. Dimensional Fund Advisors LP lifted its stake in Exp World by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,269,120 shares of the technology company’s stock worth $13,530,000 after acquiring an additional 15,507 shares during the last quarter. Invesco Ltd. grew its holdings in Exp World by 55.8% during the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock worth $10,720,000 after acquiring an additional 421,740 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Exp World by 8.6% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,007,357 shares of the technology company’s stock worth $10,738,000 after acquiring an additional 79,730 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

About Exp World

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.