Bayesian Capital Management LP Buys Shares of 13,400 eXp World Holdings, Inc. (NASDAQ:EXPI)

Bayesian Capital Management LP bought a new stake in eXp World Holdings, Inc. (NASDAQ:EXPI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,400 shares of the technology company’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of eXp World by 49.3% in the first quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock worth $4,326,000 after acquiring an additional 136,151 shares in the last quarter. Quantbot Technologies LP grew its stake in shares of eXp World by 551.7% during the first quarter. Quantbot Technologies LP now owns 90,409 shares of the technology company’s stock worth $934,000 after purchasing an additional 76,536 shares in the last quarter. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of eXp World during the first quarter worth $469,000. Quest Partners LLC acquired a new position in shares of eXp World during the fourth quarter worth $300,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of eXp World by 552.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock worth $124,000 after purchasing an additional 10,195 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on EXPI shares. BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd. DA Davidson boosted their price target on shares of eXp World from $11.75 to $13.50 and gave the company a “neutral” rating in a research report on Thursday.

eXp World Stock Performance

Shares of NASDAQ:EXPI opened at $12.84 on Friday. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -75.52 and a beta of 2.34. eXp World Holdings, Inc. has a one year low of $8.91 and a one year high of $25.24. The company has a 50-day simple moving average of $11.82 and a 200-day simple moving average of $11.61.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings results on Wednesday, July 31st. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). The firm had revenue of $1.30 billion for the quarter, compared to analysts’ expectations of $1.30 billion. eXp World had a negative return on equity of 0.55% and a negative net margin of 0.52%. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.06 earnings per share. As a group, research analysts forecast that eXp World Holdings, Inc. will post 0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were sold at an average price of $10.62, for a total transaction of $265,500.00. Following the transaction, the chief executive officer now directly owns 41,462,388 shares in the company, valued at $440,330,560.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 334,783 shares of company stock worth $4,253,940. 35.70% of the stock is owned by company insiders.

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.