Quest Partners LLC Buys Shares of 19,336 eXp World Holdings, Inc. (NASDAQ:EXPI)

Quest Partners LLC bought a new stake in shares of eXp World Holdings, Inc. (NASDAQ:EXPI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 19,336 shares of the technology company’s stock, valued at approximately $300,000.

Other institutional investors have also added to or reduced their stakes in the company. SRS Capital Advisors Inc. boosted its stake 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 valued at $31,000 after purchasing an additional 1,540 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of eXp World by 201.3% during the 4th quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock valued at $48,000 after buying an additional 1,955 shares during the period. International Assets Investment Management LLC bought a new position in shares of eXp World during the 4th quarter valued at $48,000. DekaBank Deutsche Girozentrale bought a new position in shares of eXp World during the 3rd quarter valued at $51,000. Finally, Seven Eight Capital LP bought a new position in shares of eXp World during the 3rd quarter valued at $164,000. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXPI has been the topic of several research analyst reports. TheStreet cut eXp World from a “c-” rating to a “d” rating in a report on Monday, March 4th. DA Davidson reissued an “underperform” rating and set a $11.75 price target on shares of eXp World in a report on Thursday, May 2nd.

eXp World Stock Down 0.2 %

Shares of eXp World stock opened at $11.24 on Friday. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $25.39. The stock’s fifty day moving average is $10.72 and its 200 day moving average is $12.33.

eXp World (NASDAQ:EXPI) last announced its earnings results on Wednesday, May 1st. The technology company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $893.24 million. During the same period last year, the firm earned $0.01 EPS. eXp World’s revenue for the quarter was up 11.1% compared to the same quarter last year. On average, equities analysts expect that eXp World Holdings, Inc. will post 0.18 earnings per share for the current fiscal year.

eXp World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Investors of record on Monday, May 13th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.20 dividend on an annualized basis and a yield of 1.78%. eXp World’s dividend payout ratio is currently -117.64%.

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