William Blair Research Analysts Increase Earnings Estimates for eXp World Holdings, Inc. (NASDAQ:EXPI)

eXp World Holdings, Inc. (NASDAQ:EXPI – Get Rating) – Stock analysts at William Blair raised their Q2 2022 earnings per share estimates for shares of eXp World in a research report issued on Wednesday, May 4th. William Blair analyst S. Sheldon now forecasts that the technology company will earn $0.18 per share for the quarter, up from their prior estimate of $0.15. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for eXp World’s Q4 2022 earnings at $0.13 EPS, FY2022 earnings at $0.52 EPS, Q1 2023 earnings at $0.08 EPS, Q2 2023 earnings at $0.23 EPS, Q3 2023 earnings at $0.18 EPS, Q4 2023 earnings at $0.18 EPS and FY2023 earnings at $0.66 EPS.

EXPI has been the topic of several other reports. DA Davidson lowered their target price on shares of eXp World from $45.00 to $34.00 in a report on Thursday. Zacks Investment Research cut shares of eXp World from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.00.

eXp World stock opened at $14.98 on Monday. The stock has a market cap of $2.24 billion, a P/E ratio of 27.24 and a beta of 3.14. The company has a quick ratio of 2.60, a current ratio of 2.87 and a debt-to-equity ratio of 0.01. eXp World has a twelve month low of $13.16 and a twelve month high of $55.43. The company’s 50-day moving average price is $19.97 and its two-hundred day moving average price is $29.38.

eXp World (NASDAQ:EXPI – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The technology company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.01). The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $942.56 million. eXp World had a net margin of 2.03% and a return on equity of 41.05%. The firm’s revenue was up 73.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.03 earnings per share.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be given a dividend of $0.04 per share. The ex-dividend date is Friday, May 13th. This represents a $0.16 annualized dividend and a dividend yield of 1.07%. eXp World’s dividend payout ratio is 29.09%.

In other eXp World news, Director Darren Lee Jacklin sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $23.79, for a total value of $118,950.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Stacey Onnen sold 16,784 shares of the firm’s stock in a transaction that occurred on Tuesday, March 8th. The shares were sold at an average price of $23.26, for a total transaction of $390,395.84. The disclosure for this sale can be found here. Insiders have sold a total of 268,942 shares of company stock worth $6,047,591 in the last quarter. 35.90% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of the business. Covestor Ltd acquired a new position in shares of eXp World during the fourth quarter worth $30,000. US Bancorp DE raised its stake in eXp World by 1,126.5% during the third quarter. US Bancorp DE now owns 834 shares of the technology company’s stock worth $33,000 after buying an additional 766 shares during the last quarter. TAP Consulting LLC bought a new position in eXp World during the fourth quarter worth $38,000. Nisa Investment Advisors LLC raised its stake in eXp World by 202.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,510 shares of the technology company’s stock worth $41,000 after buying an additional 1,010 shares during the last quarter. Finally, Fieldpoint Private Securities LLC bought a new position in eXp World during the first quarter worth $41,000. Hedge funds and other institutional investors own 54.70% of the company’s stock.

About eXp World (Get Rating)

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers.

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