eXp World Holdings, Inc. (NASDAQ:EXPI) Short Interest Update

eXp World Holdings, Inc. (NASDAQ:EXPIGet Rating) saw a large growth in short interest in March. As of March 31st, there was short interest totalling 10,080,000 shares, a growth of 30.4% from the March 15th total of 7,730,000 shares. Based on an average daily trading volume, of 1,220,000 shares, the days-to-cover ratio is presently 8.3 days. Currently, 14.3% of the shares of the company are sold short.

A number of equities analysts have recently commented on EXPI shares. William Blair reissued a “market perform” rating on shares of eXp World in a report on Friday, February 25th. DA Davidson reduced their target price on shares of eXp World from $63.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, February 25th. Finally, Zacks Investment Research raised shares of eXp World from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Wednesday, March 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $42.67.

EXPI traded up $0.80 during trading on Tuesday, hitting $16.70. 28,224 shares of the stock traded hands, compared to its average volume of 1,208,136. The firm has a market capitalization of $2.48 billion, a P/E ratio of 32.39 and a beta of 3.03. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.60 and a quick ratio of 2.60. The firm has a 50-day moving average of $23.44 and a 200 day moving average of $32.31. eXp World has a 12-month low of $15.47 and a 12-month high of $55.43.

eXp World (NASDAQ:EXPIGet Rating) last announced its quarterly earnings results on Thursday, February 24th. The technology company reported $0.10 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.07. The business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.03 billion. eXp World had a net margin of 2.15% and a return on equity of 44.57%. The firm’s revenue for the quarter was up 76.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.05 EPS. As a group, equities analysts predict that eXp World will post 0.44 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Friday, March 11th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Thursday, March 10th. This represents a $0.16 annualized dividend and a yield of 0.96%. eXp World’s payout ratio is currently 30.77%.

In related news, Director Darren Lee Jacklin sold 5,000 shares of the company’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 transaction of $118,950.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Glenn Darrel Sanford sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, April 14th. The stock was sold at an average price of $16.69, for a total transaction of $150,210.00. Following the sale, the chief executive officer now directly owns 42,034,338 shares in the company, valued at approximately $701,553,101.22. The disclosure for this sale can be found here. Insiders have sold a total of 337,433 shares of company stock worth $8,336,127 over the last 90 days. 35.90% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in EXPI. Copeland Capital Management LLC purchased a new stake in shares of eXp World in the 1st quarter worth about $40,092,000. Cat Rock Capital Management LP purchased a new stake in shares of eXp World in the 4th quarter worth about $52,988,000. Millennium Management LLC lifted its position in shares of eXp World by 205.9% in the 4th quarter. Millennium Management LLC now owns 785,412 shares of the technology company’s stock worth $26,461,000 after purchasing an additional 528,665 shares during the period. Norges Bank purchased a new stake in shares of eXp World in the 4th quarter worth about $14,397,000. Finally, Scout Investments Inc. lifted its position in shares of eXp World by 58.8% in the 4th quarter. Scout Investments Inc. now owns 1,146,689 shares of the technology company’s stock worth $38,632,000 after purchasing an additional 424,634 shares during the period. 21.40% of the stock is owned by institutional investors and hedge funds.

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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