Exp World (NASDAQ:EXPI) Reaches New 1-Year Low – Here’s What Happened

Exp World Holdings, Inc. (NASDAQ:EXPI) shares reached a new 52-week low during trading on Monday . The company traded as low as $6.04 and last traded at $6.12, with a volume of 165909 shares trading hands. The stock had previously closed at $6.49.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. DA Davidson set a $11.00 target price on Exp World in a report on Thursday, February 26th. Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a report on Monday, December 29th. Finally, Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Exp World presently has a consensus rating of “Hold” and a consensus target price of $11.00.

Exp World Price Performance

The company’s 50-day moving average price is $8.33 and its 200-day moving average price is $9.87. The company has a market cap of $982.67 million, a P/E ratio of -43.35 and a beta of 2.13.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data on Tuesday, February 24th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The company 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 company’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) earnings per share. On average, equities research analysts predict that Exp World Holdings, Inc. will post 0.48 EPS for the current year.

Exp World Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 9th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Monday, March 9th. This represents a $0.20 annualized dividend and a dividend yield of 3.3%. Exp World’s dividend payout ratio (DPR) is currently -142.86%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Root Financial Partners LLC acquired a new stake in Exp World in the 4th quarter valued at approximately $25,000. PNC Financial Services Group Inc. boosted its position in Exp World by 139.6% during the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,998 shares during the last quarter. Kemnay Advisory Services Inc. acquired a new position in Exp World during the 4th quarter worth approximately $37,000. Jones Financial Companies Lllp grew its stake in shares of Exp World by 73.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,516 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its stake in shares of 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 acquiring an additional 1,856 shares in the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

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.