Randall D. Miles Sells 15,000 Shares of eXp World Holdings Inc (EXPI) Stock

eXp World Holdings Inc (NASDAQ:EXPI) Director Randall D. Miles sold 15,000 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.68, for a total value of $175,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of NASDAQ EXPI traded down $0.15 during mid-day trading on Wednesday, hitting $12.35. 230,500 shares of the company were exchanged, compared to its average volume of 150,318. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.86. eXp World Holdings Inc has a 1-year low of $6.61 and a 1-year high of $19.72. The company has a market cap of $727.82 million, a PE ratio of -31.67 and a beta of 4.97.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. eXp World had a negative return on equity of 72.09% and a negative net margin of 3.03%. The firm had revenue of $157.00 million during the quarter, compared to the consensus estimate of $144.00 million. eXp World’s quarterly revenue was up 153.2% on a year-over-year basis. Analysts anticipate that eXp World Holdings Inc will post -0.17 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlueCrest Capital Management Ltd lifted its holdings in shares of eXp World by 25.6% during the first quarter. BlueCrest Capital Management Ltd now owns 22,330 shares of the technology company’s stock worth $243,000 after purchasing an additional 4,545 shares during the period. Jefferies Group LLC acquired a new stake in shares of eXp World during the first quarter worth $112,000. ExodusPoint Capital Management LP lifted its holdings in shares of eXp World by 128.6% during the first quarter. ExodusPoint Capital Management LP now owns 50,745 shares of the technology company’s stock worth $552,000 after purchasing an additional 28,545 shares during the period. Geode Capital Management LLC lifted its holdings in shares of eXp World by 2.2% during the first quarter. Geode Capital Management LLC now owns 299,986 shares of the technology company’s stock worth $3,260,000 after purchasing an additional 6,594 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of eXp World by 9.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 137,279 shares of the technology company’s stock worth $1,493,000 after purchasing an additional 11,434 shares during the period. 5.05% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on EXPI shares. Zacks Investment Research downgraded eXp World from a “hold” rating to a “sell” rating in a report on Tuesday, February 26th. William Blair reaffirmed an “outperform” rating on shares of eXp World in a report on Monday, March 18th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. eXp World has an average rating of “Hold” and an average target price of $18.67.

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About eXp World

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United States and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

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