The stock of eXp World Holdings Inc. (NASDAQ:EXPI) last traded at $25.07, up 3.42% from the previous session.
Data from the available sources indicates that eXp World Holdings Inc. (NASDAQ:EXPI) is covered by 4 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $20.00 and a low of $14.00, we find $20.00. Given the previous closing price of $24.24, this indicates a potential downside of -17.49 percent. EXPI stock price is now 25.42% away from the 50-day moving average and 72.69% away from the 200-day moving average. The market capitalization of the company currently stands at $3.60B.
In total, 1 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $18.00 as their price target over the next twelve months.
With the price target of $14, BTIG Research recently initiated with Sell rating for eXp World Holdings Inc. (NASDAQ: EXPI).
In other news, MILES RANDALL D, Director sold 40,000 shares of the company’s stock on Aug 01. The stock was sold for $1,001,472 at an average price of $25.04. Upon completion of the transaction, the Director now directly owns 581,380 shares in the company, valued at $14.58 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14, 10% Owner SANFORD PENNY sold 60,000 shares of the business’s stock. A total of $1,186,824 was realized by selling the stock at an average price of $19.78. This leaves the insider owning 26,984,043 shares of the company worth $676.49 million. Insiders disposed of 1,825,090 shares of company stock worth roughly $45.76 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 $4,592,000. TUDOR INVESTMENT CORP ET AL invested $2,933,000 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 $2,369,000. JACOBS LEVY EQUITY MANAGEMENT, INC acquired a new stake in EXPI for approximately $1,319,000. STATE OF ALASKA, DEPARTMENT OF REVENUE purchased a new stake in EXPI valued at around $1,215,000 in the second quarter. In total, there are 279 active investors with 29.10% ownership of the company’s stock.
With an opening price of $23.55 on Thursday morning, eXp World Holdings Inc. (NASDAQ: EXPI) set off the trading day. During the past 12 months, eXp World Holdings Inc. has had a low of $9.96 and a high of $25.39. 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 $3.76B, which is based on a 501.40 price-to-earnings ratio, a 50.14 price-to-earnings-growth ratio, and a beta of 2.73. The fifty day moving average price for EXPI is $20.19 and a two-hundred day moving average price translates $14.59 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 0.72% 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%.
eXp World Holdings Inc.(EXPI) Company Profile
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 technology platform that provides 24/7 access to collaboration tools, training, and social communities for real estate agents and employees. The company also offers SUCCESS print magazine, SUCCESS.com portal, SUCCESS newsletters, podcasts, digital training courses, and affiliated social media accounts across platforms. It operates in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, the Dominican Republic, Greece, New Zealand, Chile, and Poland. The company was formerly known as eXp Realty International Corporation and changed its name to eXp World Holdings, Inc. in May 2016. eXp World Holdings, Inc. was incorporated in 2008 and is based in Bellingham, Washington.
