eXp World (NASDAQ:EXPI) Announces Earnings Results

eXp World (NASDAQ:EXPI) released its earnings results on Thursday. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03, Zacks reports. eXp World had a positive return on equity of 2.27% and a negative net margin of 0.74%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion.

eXp World Trading Down 7.3 %

Shares of NASDAQ EXPI traded down $0.83 during mid-day trading on Friday, hitting $10.51. The company had a trading volume of 790,062 shares, compared to its average volume of 866,414. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of -47.62 and a beta of 2.29. eXp World has a 1 year low of $8.91 and a 1 year high of $15.39. The stock’s 50-day moving average price is $11.40 and its 200-day moving average price is $12.56.

Wall Street Analyst Weigh In

Separately, DA Davidson reissued a “neutral” rating and issued a $13.50 target price on shares of eXp World in a research report on Friday.

Insider Buying and Selling

In related news, CEO Glenn Darrel Sanford sold 50,000 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $14.41, for a total transaction of $720,500.00. Following the completion of the transaction, the chief executive officer now directly owns 40,389,080 shares in the company, valued at $582,006,642.80. The trade was a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 411,511 shares of company stock worth $5,086,061 over the last ninety days. 35.70% of the stock is owned by corporate insiders.

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.