In a recent transaction, James Bramble, Chief Legal Counsel of eXp World Holdings, Inc. (NASDAQ:EXPI), sold 25,000 shares of the company's common stock. The shares were sold at an average price of $14.0541, totaling approximately $351,352. The sale occurred on November 13, 2024, leaving Bramble with no shares of the company's common stock immediately following the transaction.
On the same day, Bramble also exercised stock options to acquire 25,000 shares at a price of $5.32 per share, which equates to a total transaction value of $133,000. After exercising these options, Bramble holds 38,000 shares of eXp World Holdings. This transaction reflects his ongoing involvement and investment in the company, despite the recent sale.
In other recent news, eXp World Holdings reported a slight revenue increase to $1.231 billion in Q3 2024, marking a 2% year-over-year growth, and a 15% increase in adjusted EBITDA to $23.9 million. Despite the challenging U.S. real estate market, the company saw a significant 63% revenue growth in its international sector and announced plans to expand into Turkey, Peru, and Egypt in early 2025. However, a GAAP net loss of $8.5 million was reported, primarily due to an $18 million contingency provision for an ongoing antitrust lawsuit.
The company also launched homehunter.global and acquired LUXVT to enhance luxury market offerings. Despite U.S. market challenges, improvements in agent productivity and higher home sales prices contributed to revenue growth. However, the agent count decreased by 4%, reflecting strategic offboarding of unproductive agents.
These are some of the recent developments within eXp World Holdings. Despite facing legal challenges and a volatile U.S. market, the company remains committed to growth and innovation.
InvestingPro Insights
James Bramble's recent stock transactions at eXp World Holdings, Inc. (NASDAQ:EXPI) offer an intriguing glimpse into insider activity at the company. To provide further context, let's examine some key financial metrics and insights from InvestingPro.
eXp World Holdings has shown resilience in the real estate market, with revenue growth of 5.5% over the last twelve months as of Q3 2024, reaching $4.46 billion. This growth is particularly noteworthy given the current challenges in the real estate sector. An InvestingPro Tip highlights that EXPI is a prominent player in the Real Estate Management & Development industry, which aligns with its substantial revenue figures.
Despite the revenue growth, the company's profitability metrics present a mixed picture. The gross profit margin stands at a modest 7.58%, which an InvestingPro Tip notes as a weakness in the company's financial profile. This low margin may explain why the company was not profitable over the last twelve months, another insight provided by InvestingPro.
However, there are positive signals for investors to consider. The company's market capitalization of $2.13 billion, coupled with a price-to-book ratio of 10.58, suggests that the market still values EXPI's growth potential and asset base. Additionally, an InvestingPro Tip indicates that analysts predict the company will be profitable this year, which could be a turning point for EXPI's financial performance.
It's worth noting that EXPI has demonstrated strong returns over various time frames. The stock has shown a 15.52% price total return over the past three months and a 22.38% return over the past year. These figures align with another InvestingPro Tip highlighting the company's strong return over the last three months.
For investors seeking more comprehensive analysis, InvestingPro offers 16 additional tips for EXPI, providing a deeper understanding of the company's financial health and market position.
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