eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford Sells 25,000 Shares of Stock

eXp World Holdings, Inc. (NASDAQ:EXPI) CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $10.62, for a total transaction of $265,500.00. Following the completion of the transaction, the chief executive officer now directly owns 41,462,388 shares in the company, valued at $440,330,560.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Glenn Darrel Sanford also recently made the following trade(s):

• On Wednesday, June 12th, Glenn Darrel Sanford sold 1,005 shares of eXp World stock. The stock was sold at an average price of $12.02, for a total transaction of $12,080.10.
• On Monday, June 10th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $10.92, for a total transaction of $273,000.00.
• On Wednesday, May 29th, Glenn Darrel Sanford sold 25,000 shares of eXp World stock. The shares were sold at an average price of $11.05, for a total value of $276,250.00.

eXp World Stock Performance

NASDAQ EXPI opened at $10.60 on Wednesday. The firm’s fifty day moving average price is $11.13 and its two-hundred day moving average price is $12.01. The stock has a market cap of $1.64 billion, a PE ratio of -62.35 and a beta of 2.32. eXp World Holdings, Inc. has a fifty-two week low of $8.91 and a fifty-two week high of $25.39.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. The company had revenue of $943.10 million for the quarter, compared to the consensus estimate of $893.24 million. During the same quarter last year, the business posted $0.01 EPS. eXp World’s revenue for the quarter was up 11.1% on a year-over-year basis. As a group, sell-side analysts predict that eXp World Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

eXp World Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, May 27th. Stockholders of record on Monday, May 13th were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Friday, May 10th. eXp World’s dividend payout ratio is currently -117.64%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EXPI. TheStreet downgraded eXp World from a “c-” rating to a “d” rating in a research report on Monday, March 4th. DA Davidson reissued an “underperform” rating and issued a $11.75 target price on shares of eXp World in a report on Thursday, May 2nd.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. SRS Capital Advisors Inc. grew its holdings in eXp World by 354.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,540 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of eXp World during the fourth quarter worth $31,000. Pineridge Advisors LLC bought a new stake in shares of eXp World in the fourth quarter worth $33,000. Blue Trust Inc. increased its holdings in eXp World by 201.3% in the fourth quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock valued at $48,000 after purchasing an additional 1,955 shares during the period. Finally, International Assets Investment Management LLC bought a new position in eXp World during the 4th quarter worth $48,000. Institutional investors own 27.17% of the company’s stock.

About eXp World

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 cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.