These Numbers Could Change Investor Views For eXp World Holdings Inc. (NASDAQ: EXPI)

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FIVE Stock

The Vanguard Group, Inc. recently announced the acquisition of new stake in eXp World Holdings Inc. (NASDAQ:EXPI). The institutional investor has increased its shareholding in the Real Estate company by 13.63% to 2.54 million shares with purchase of 0.31 million shares. This fresh investment now brings its stake to 3.79% valued currently at $50.56 million. In addition, BlackRock Fund Advisors raised its holdings by 15879.0 to 1.6 million shares. And Renaissance Technologies LLC has lifted its position by 58.52% or 0.24 million shares – to 0.65 million shares.

With over 1.53 million eXp World Holdings Inc. (EXPI) shares trading Monday and a closing price of $44.48 on the day, the dollar volume was approximately $68.24 million. The shares have shown a positive weekly performance of 19.25% and its price on 08/31/20 gained nearly 8.57%. Currently, there are 67.76M common shares owned by the public and among those 28.90M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 3 analysts who have offered their price forecasts for EXPI have a consensus price objective of $32.00. The analysts have set the share’s price value over the next 12 months at a high of $36.00 and a low of $28.00 should the stock experience a downside. Incidentally, analysts’ outlook for the eXp World Holdings Inc. stock is 1.30 for the next 12 months. The average price target is -39.0% below its last price level and a downside to the estimated low will see the stock lose -58.86% over that period. But an upside of -23.56% will see the stock hit the forecast high price target while mean target price for the stock is $32.00.

Insiders at the company have transacted a total of 205 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 80 of these insider trades were purchases, accounting for 1,556,199 shares. Insider sales of the common stock occurred on 125 occasions, with total insider shares sold totaling 1,906,208 shares.

The top 3 mutual fund holders in eXp World Holdings Inc. are Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF. Vanguard Real Estate Index Fund owns 1.15 million shares of the company’s stock, all valued at over $22.95 million. The company sold 3326.0 shares recently to bring their total holdings to about 1.72% of the shares outstanding. Vanguard Total Stock Market Index sold 36100.0 shares to see its total holdings shrink to 0.73 million shares valued at over $14.48 million and representing 1.09% of the shares outstanding. iShares Russell 2000 ETF sold 22134.0 shares to bring its total holdings to over 0.48 million shares at a value of $9.45 million. iShares Russell 2000 ETF now owns shares totaling to 0.71% of the shares outstanding.

Shares of eXp World Holdings Inc. (NASDAQ: EXPI) opened at $41.27, up $0.3 from a prior closing price of $40.97. However, the script later closed the day at $44.48, up 8.57%. The company’s stock has a 5-day price change of 19.25% and 311.85% over the past three months. EXPI shares are trading 292.59% year to date (YTD), with the 12-month market performance up to 411.26% higher. It has a 12-month low price of $6.51 and touched a high of $42.89 over the same period. Currently, 1.53 million shares have been traded, compared to an average intraday trading volume of 807.63K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 31.67%, 86.23%, and 228.37% respectively.

Institutional ownership of eXp World Holdings Inc. (NASDAQ: EXPI) shares accounts for 15.60% of the company’s 67.76M shares outstanding. Mutual fund holders own 64.02%, while other institutional holders and individual stakeholders account for 9.01% and 6.75% respectively.

It has a market capitalization of $3.03B and a beta (3y monthly) value of 3.13. The stock’s trailing 12-month PE ratio is 449.29, while the earnings-per-share (ttm) stands at $0.10. The company has a PEG of 44.93 and a Quick Ratio of 1.80 with the debt-to-equity ratio at 0.03. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.99% over the week and 10.41% over the month.

Analysts forecast that eXp World Holdings Inc. (EXPI) will achieve an EPS of $0.07 for the current quarter, $0.07 for the next quarter and $0.47 for 2021. The lowest estimate earnings-per-share for the quarter is $0.04 while analysts give the company a high EPS estimate of $0.1. Comparatively, EPS for the current quarter was -$0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 60.80%, and 91.50% over the next financial year.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 3 brokerage firm advisors rate eXp World Holdings Inc. (EXPI) as a “Strong Buy” at a consensus score of 1.30. Specifically, 3 Wall Street analysts polled rate the stock as a buy, while 0 of the 3 advise that investors “hold,” and 0 rated it as a “Sell.”


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