Emerald Mutual Fund Advisers Trust Purchases New Holdings in eXp World Holdings Inc (EXPI)

Emerald Mutual Fund Advisers Trust purchased a new position in shares of eXp World Holdings Inc (NASDAQ:EXPI) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 348,185 shares of the technology company’s stock, valued at approximately $6,403,000. Emerald Mutual Fund Advisers Trust owned approximately 0.60% of eXp World as of its most recent filing with the SEC.

Separately, Northpointe Capital LLC bought a new position in shares of eXp World during the 3rd quarter worth approximately $2,055,000. Hedge funds and other institutional investors own 0.24% of the company’s stock.

Shares of eXp World stock opened at $11.65 on Friday. eXp World Holdings Inc has a 1 year low of $5.90 and a 1 year high of $19.72.

eXp World (NASDAQ:EXPI) last announced its earnings results on Monday, August 13th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. eXp World had a negative return on equity of 434.65% and a negative net margin of 11.13%. The firm had revenue of $130.54 million during the quarter, compared to analyst estimates of $111.38 million. Equities research analysts predict that eXp World Holdings Inc will post -0.37 earnings per share for the current fiscal year.

A number of equities analysts have recently weighed in on EXPI shares. Zacks Investment Research raised eXp World from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th. Stephens started coverage on eXp World in a research report on Tuesday, July 31st. They set an “overweight” rating and a $20.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $15.90.

In other news, CEO Jason Gesing sold 5,601 shares of the firm’s stock in a transaction on Monday, August 6th. The stock was sold at an average price of $15.01, for a total transaction of $84,071.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Darren Lee Jacklin sold 14,500 shares of the firm’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $18.34, for a total value of $265,930.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 131,201 shares of company stock valued at $2,157,354. Insiders own 47.20% of the company’s stock.

eXp World Profile

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

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