The price of eXp World Holdings Inc. (NASDAQ:EXPI) shares last traded on Wall Street rose 8.05% to $23.88.
Based on available information, 3 analysts follow eXp World Holdings Inc. (NASDAQ:EXPI). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $20.00, we find $20.00. Given the previous closing price of $22.10, this indicates a potential downside of -9.5 percent. EXPI stock price is now 43.48% away from the 50-day moving average and 75.79% away from the 200-day moving average. The market capitalization of the company currently stands at $3.62B.
Among analysts, 1 rate the stock a hold while 2 rate it a buy. Brokers who have rated the stock have averaged $20.00 as their price target over the next twelve months.
With the price target of $53, Berenberg recently initiated with Buy rating for eXp World Holdings Inc. (NASDAQ: EXPI).
In other news, SANFORD PENNY, 10% Owner sold 60,000 shares of the company’s stock on Jun 14. The stock was sold for $1,186,824 at an average price of $19.78. Upon completion of the transaction, the 10% Owner now directly owns 26,984,043 shares in the company, valued at $644.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 12, CEO and Chairman of the Board Sanford Glenn Darrel sold 500,000 shares of the business’s stock. A total of $9,677,889 was realized by selling the stock at an average price of $19.36. This leaves the insider owning 41,534,338 shares of the company worth $991.84 million. Insiders disposed of 1,694,468 shares of company stock worth roughly $40.46 million over the past 1 year. A total of 48.90% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EXPI stock. A new stake in eXp World Holdings Inc. shares was purchased by GRAHAM CAPITAL MANAGEMENT, L.P. during the first quarter worth $4,374,000. TUDOR INVESTMENT CORP ET AL invested $2,794,000 in shares of EXPI during the first quarter. In the first quarter, RETIREFUL, LLC acquired a new stake in eXp World Holdings Inc. valued at approximately $2,257,000. JACOBS LEVY EQUITY MANAGEMENT, INC acquired a new stake in EXPI for approximately $1,257,000. PEAK6 INVESTMENTS LLC purchased a new stake in EXPI valued at around $1,048,000 in the second quarter. In total, there are 276 active investors with 29.10% ownership of the company’s stock.
A candlestick chart of eXp World Holdings Inc. (NASDAQ: EXPI) showed a price of $22.65 on Wednesday morning. During the past 12 months, eXp World Holdings Inc. has had a low of $9.96 and a high of $22.12. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 1.80, and a quick ratio of 1.80. According to the stock market information, the enterprise value for the company is $3.54B, which is based on a 477.60 price-to-earnings ratio, a 47.76 price-to-earnings-growth ratio, and a beta of 2.71. The fifty day moving average price for EXPI is $16.89 and a two-hundred day moving average price translates $13.65 for the stock.
The latest earnings results from eXp World Holdings Inc. (NASDAQ: EXPI) was released for Mar, 2023. According to the Real Estate Services Company, earnings per share came in at $0.01, beating analysts’ expectations of -$0.07 by 0.08. This compares to $0.06 EPS in the same period last year. The net profit margin was 0.20% and return on equity was 3.20% for EXPI. The company reported revenue of $850.62 million for the quarter, compared to $1.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.84 percent. For the current quarter, analysts expect EXPI to generate $1.19B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/31/2023. Investors who held shares on 05/12/2023 were paid a $0.045 dividend. On an annualized basis, this represents a $0.18 dividend and a 0.75% percent yield. There was an ex-dividend date of 05/11/2023 for this dividend. In terms of dividend payout ratio, EXPI is presently at 328.40%.
