Short interest for eXp World Holdings gives investors a sense of the degree to which investors are betting on the decline of eXp World Holdings's stock. Short interest data is updated every two weeks.

eXp World Holdings Stock (NASDAQ:EXPI), Short Interest Report

eXp World Holdings

eXp World Holdings Inc is a cloud-based residential real estate company. The company owns and operates a cloud-based real estate brokerage and a technology platform business that develops and uses immersive technologies that help businesses increase their effectiveness and reduce costs from operating in traditional brick-and-mortar office spaces. Its business categories include Real Estate Brokerage, Technology Products and Services, Title, Escrow, Settlement Services, and Mortgage Brokerage Services. The company mainly operates in the United States and Canada, and it also has operations in the United Kingdom, Australia, South Africa, France, India, Portugal, and Mexico, among others.

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Real estate stocks drop due to poor housing data and high mortgage rates, with concerns for sector&#39;s future. Rates highest since December 2023.

Real Estate Stocks Fall As Mortgage Rates Rise To 4-Month Highs: &#39;Inflation Is Proving Tougher To Bring Down&#39;

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Select Sector SPDR-Consumer Discretionary

Inflation unexpectedly surges, shattering hopes for Fed rate cuts &amp; sending stocks down. Core inflation also exceeded expectations. No sector escapes losses, with real estate hit hardest.

Real Estate, Regional Bank Stocks Tank, Energy Cushions The Blow: March Inflation Rates Shake Up Sectors

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News

Management

General

Discover the latest leadership shake-up at eXp World Holdings, Inc. with Leo Pareja stepping into the role of Chief Executive Officer at eXp Realty. With over two decades of real estate expertise, Pareja aims to build on eXp Realty&#39;s success in the competitive market. 

eXp Realty Names Leo Pareja As New CEO

eXp World Holdings Inc

Expion360 Inc

DA Davidson analyst Tom White maintains eXp World Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) with a Underperform and maintains $11.75 price target.

Price Target

DA Davidson Maintains Underperform on eXp World Holdings, Maintains $11.75 Price Target

WIIM

eXp World Holdings shares are trading higher after the company reported better-than-expected Q1 financial results.

eXp World Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) reported quarterly losses of $(0.02) per share which beat the analyst consensus estimate of $(0.06) by 66.67 percent. This is a 300 percent decrease over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $943.05 million which beat the analyst consensus estimate of $893.24 million by 5.58 percent. This is a 11.15 percent increase over sales of $848.45 million the same period last year.

Earnings

CORRECTION: eXp World Holdings Q1 Adj $(0.02) Beats $(0.06) Estimate, Sales $943.05M Beat $893.24M Estimate

<a href="https://thebearcave.substack.com/p/more-problems-at-exp-world-holdings" title="https://thebearcave.substack.com/p/more-problems-at-exp-world-holdings">https://thebearcave.substack.com/p/more-problems-at-exp-world-holdings</a>

Short Sellers

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Watching eXp World Holdings; The Bear Cave Issued Short Report Titled "More Problems At eXp World Holdings"

DA Davidson analyst Tom White maintains eXp World Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) with a Underperform and lowers the price target from $13 to $11.75.

DA Davidson Maintains Underperform on eXp World Holdings, Lowers Price Target to $11.75

- SEC Filing&nbsp;
&nbsp;
On April 11, 2024, a putative class action complaint under the caption&nbsp;Shauntell Burton et al. v. Bluefield Realty Group, LLC, et al.&nbsp;(Case No. 7:24-cv-01800-JDA) (the "Class Action") was filed in the United States District Court for the District of South Carolina, Spartanburg Division, naming as defendants certain real estate brokerages, franchisors and real estate brokerage owners, including the Company. The Class Action complaint alleges that defendants conspired to restrain trade by causing certain home sellers to pay buyer broker fees and inflated commissions on the sale of homes all in violation of federal antitrust law. The putative class representatives seek to represent a class of persons comprising of any person who used a listing broker to sell a home listed on a multiple listing service in the District of South Carolina between November 6, 2019, through the present. &nbsp;Plaintiffs, on behalf of themselves and the putative class, seek a permanent injunction enjoining the defendants from requiring that sellers pay the buyer broker, continuing to restrict competition among buyer brokers and seller brokers and engaging in conduct determined to be unlawful.&nbsp; Plaintiffs, on behalf of themselves and the putative class, also seek an award of declaratory relief, damages and/or restitution in an amount to be determined at trial, pre-and post-judgment interest and attorneys' fees, expenses and costs of suit. The Company believes that additional antitrust litigation may be possible. The Company cannot provide any assurances that results of such litigation will not have a material adverse effect on its business, results of operations or financial condition.
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Legal

A Class Action Lawsuit Was Filed Against Certain Real Estate Entities, Including EXp World, On April 11, 2024, Alleging Antitrust Violations Involving Buyer Broker Fees And Commissions, Seeking Injunctive Relief, Damages, And Attorneys' Fees, With The Company Indicating Potential Material Adverse Effects From Additional Antitrust Litigation

Real estate stocks slid at Wednesday&#8217;s market open, weighed down by the latest disappointing data on housing starts and a spike in mortgage rates, darkening the <a href="https://www.benzinga.com/real-estate">outlook for the sector.</a>
By 9:00 a.m. EST, the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) had dropped by 0.3%. This marked its fourth consecutive day of losses and set a course for its lowest close since the end of November 2023. 
The fund has also slipped below its 200-day moving average, a critical long-term benchmark, signaling that investor sentiment has turned negative.
The average interest rate for 30-year fixed-rate mortgages with loan balances up to $766,550 climbed by 12 basis points to 7.13% for the week ending Apr. 12, 2024, according to the latest figures from the Mortgage Bankers Association. This rate is the highest recorded since early December.
On Wednesday, the yield on a 30-year Treasury bond, a key benchmark for long-term mortgage rates, traded at 4.75%, at the highest since mid-November 2023, as Fed Chair Powell admitted that there has been a lack of progress in the disinflation trend. 
Read also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38278182/powell-delays-fed-rate-cuts-we-need-greater-confidence-in-inflation-2-year-yields-spik">Powell Delays Fed Rate Cuts, Says &#8216;We Need Greater Confidence In Inflation&#8217;: 2-Year Yields Spike To 5%</a>
Chart: Real Estate Stocks Fall Below Key Long-Term Moving Average As Inflation Bites Again
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17102612/image-116-1024x495.png" alt="" class="wp-image-296075" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17102612/image-116-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17102612/image-116-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17102612/image-116-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17102612/image-116-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17102612/image-116.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Weaknesses In Multifamily Segment Continue</h3>
Joel Kan, MBA's Vice President and Deputy Chief Economist, explained the rise in rates, stating, &#8220;Rates increased for the second consecutive week, driven by incoming data indicating that the economy remains strong and inflation is proving tougher to bring down.&#8221;
Despite the uptick in mortgage rates, there was a 3.3% week-over-week increase in the Market Composite Index, which measures mortgage loan application volume.
Kan further noted, &#8220;Application activity picked up, possibly as some borrowers decided to act in case rates continue to rise. Purchase applications were the primary driver of this increase, although they are still about 10% lower than last year's levels. There was a slight uptick in refinance applications, mainly due to a 3% rise in conventional applications.&#8221;
Chart: US 30-Year Mortgage Rates Rose To The Highest Level Since Late November 
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="495" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17103028/image-117-1024x495.png" alt="" class="wp-image-296087" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17103028/image-117-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17103028/image-117-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17103028/image-117-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17103028/image-117-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/17103028/image-117.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The real estate market&#8217;s challenges are linked to affordability and a shrinking availability as the supply of new homes falls. 
Andrew Foran, an economist at Toronto Dominion Securities, commented on the trend in home building, &#8220;Homebuilding activity moderated in March as weakness in the multifamily segment persisted and the single-family segment gave back most of its considerable gain from the prior month.&#8221;
Data revealed a 14.7% month-over-month decline in housing starts in March, with the figures dropping to 1.32 million annualized units, significantly below the anticipated 1.49 million.
Both the single-family and multifamily sectors experienced declines, with single-family starts down by 12.4% (or 145,000 units) and multifamily starts plummeting by 21.7% (or 83,000 units). This retreat in multifamily starts marked the lowest level since April 2020.
Additionally, residential permits decreased more than expected in March, falling by 4.3% month-over-month to 1.46 million annualized units. This included a 5.7% drop in single-family permits—the first decline in fifteen months—and a 1.2% reduction in multifamily permits.
<h3 class="wp-block-heading">Rising &amp; Falling</h3>
The weakest performers among real estate stocks with a market cap of at least $1 billion on Wednesday were:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>1-day %chg</th>
</tr>
</thead>
<tbody>
<tr>
<td>Prologis, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLD#NYSE">PLD</a>)</td>
<td>-6.55%</td>
</tr>
<tr>
<td>First Industrial Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FR#NYSE">FR</a>)</td>
<td>-3.33%</td>
</tr>
<tr>
<td>STAG Industrial, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STAG#NYSE">STAG</a>)</td>
<td>-2.89%</td>
</tr>
<tr>
<td>EastGroup Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGP#NYSE">EGP</a>)</td>
<td>-2.89%</td>
</tr>
<tr>
<td>Rexford Industrial Realty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/REXR#NYSE">REXR</a>)</td>
<td>-2.35%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 09:20 a.m. EDT </figcaption></figure>
Those showing the highest gains were: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Name</th>
<th>1-day %chg</th>
</tr>
</thead>
<tbody>
<tr>
<td>SL Green Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>)</td>
<td>3.18%</td>
</tr>
<tr>
<td>Opendoor Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NYSE">OPEN</a>)</td>
<td>2.55%</td>
</tr>
<tr>
<td>Medical Properties Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPW#NYSE">MPW</a>)</td>
<td>2.49%</td>
</tr>
<tr>
<td>eXp World Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NYSE">EXPI</a>)</td>
<td>2.32%</td>
</tr>
<tr>
<td>Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>) </td>
<td>2.25%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 09:20 a.m. EDT </figcaption></figure>
Now Read: <a href="https://www.benzinga.com/money/best-reits">Best REITs to Buy in April</a>
Image: Midjourney

Real Estate Stocks Fall As Mortgage Rates Rise To 4-Month Highs: 'Inflation Is Proving Tougher To Bring Down'

A fresh unexpected surge in inflation blindsided markets, shattering hopes for imminent Fed rate cuts and sending stocks down across the board. In March 2024, the annual Consumer Price Index (CPI) inflation rate surged to 3.5%, up from February&#8217;s 3.2%, surpassing <a href="https://www.benzinga.com/markets/commodities/24/04/38181302/inflation-rises-more-than-expected-to-3-5-in-march-derails-june-rate-cut-hopes">expectations set at 3.4%. </a>
Adding to concerns, core inflation, which excludes energy and food, also exceeded expectations, reaching 3.8% compared to the anticipated 3.7%, dismissing any justifications solely attributed to higher gasoline price pressures. 
Consequently, investors sharply revised down their expectations for Fed rate cuts, now anticipating the commencement of any easing policy no earlier than September, with less than two rate cuts expected by year-end.
<h3 class="wp-block-heading">What&#8217;s Hot/Cold In The CPI Basket?</h3>
Expenditure categories witnessing the highest month-over-month seasonally adjusted price increase in March were: 
<ul>
<li>Motor vehicle insurance: +2.6%</li>
<li>Motor vehicle maintenance and repair: +1.7%</li>
<li>Gasoline (all types): +1.7%</li>
<li>Hospital services: +1%</li>
<li>Meats, poultry, fish, and eggs: +0.9%</li>
</ul>
Those showing the lowest monthly inflation were: 
<ul>
<li>Fuel oil: down 1.3%</li>
<li>Used cars and trucks: down 1.1%</li>
<li>Cereals and bakery products: down 0.9%</li>
<li>Other food at home: down 0.5%</li>
<li>Airline fares: down 0.4%</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Sector Performance </h3>
By midday trading in New York, losses were broad-based within indices. 
<ul>
<li>454 out of S&amp;P 500 stocks traded in the red</li>
<li>93 Nasdaq 100 stocks were negative</li>
<li>1,783 out of Russell 2000 stocks were negative</li>
<li>898 out of Russell 1000 stocks were negative</li>
</ul>
No sectors managed to evade daily losses, with rate-sensitive pockets of the markets, such as real estate, feeling the brunt more acutely than others.
Energy managed to hold almost steady, as rising gasoline prices improved the outlook for oil companies. 
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Sector</th>
<th>1-Day %Chg</th>
</tr>
</thead>
<tbody>
<tr>
<td> Energy&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>)</td>
<td>-0.15%</td>
</tr>
<tr>
<td>Consumer Staples&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>)</td>
<td>-0.75%</td>
</tr>
<tr>
<td>Communication Services Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>)</td>
<td>-0.92%</td>
</tr>
<tr>
<td>Industrials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)</td>
<td>-0.93%</td>
</tr>
<tr>
<td>Health Care&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>)</td>
<td>-1.07%</td>
</tr>
<tr>
<td>Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>)</td>
<td>-1.17%</td>
</tr>
<tr>
<td>Technology Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>)</td>
<td>-1.35%</td>
</tr>
<tr>
<td>Consumer Discretionary&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)</td>
<td>-1.44%</td>
</tr>
<tr>
<td>Materials&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLB#NYSE">XLB</a>)</td>
<td>-1.54%</td>
</tr>
<tr>
<td>Utilities Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>)</td>
<td>-1.93%</td>
</tr>
<tr>
<td>Real Estate&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>)</td>
<td>-3.85%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated At 11:40 a.m. ET</figcaption></figure>
Nine real-estate stocks tumbled by more than 7%: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Opendoor Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPEN#NYSE">OPEN</a>)</td>
<td>-10.04%</td>
</tr>
<tr>
<td>Global Net Lease, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GNL#NYSE">GNL</a>)</td>
<td>-9.83%</td>
</tr>
<tr>
<td>Peakstone Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKST#NYSE">PKST</a>)</td>
<td>-9.26%</td>
</tr>
<tr>
<td>Hudson Pacific Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>)</td>
<td>-8.82%</td>
</tr>
<tr>
<td>Anywhere Real Estate Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HOUS#NYSE">HOUS</a>)</td>
<td>-8.36%</td>
</tr>
<tr>
<td>Piedmont Office Realty Trust, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PDM#NYSE">PDM</a>)</td>
<td>-7.77%</td>
</tr>
<tr>
<td>RE/MAX Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RMAX#NYSE">RMAX</a>)</td>
<td>-7.75%</td>
</tr>
<tr>
<td>eXp World Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NYSE">EXPI</a>)</td>
<td>-7.63%</td>
</tr>
<tr>
<td>Douglas Emmett, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DEI#NYSE">DEI</a>)</td>
<td>-7.44%</td>
</tr>
<tr>
<td>Office Properties Income Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPI#NYSE">OPI</a>)</td>
<td>-7.31%</td>
</tr>
</tbody>
</table>
</figure>
Looking at different industries, regional banks and solar stocks fell the most. 
<ul>
<li>The SPDR S&amp;P Regional Bank ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRE#NYSE">KRE</a>) fell 4.7%, on track for the worst day since late January. </li>
<li>The Invesco Solar ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TAN#NYSE">TAN</a>) fell 4.5%</li>
</ul>
Eight regional bank stocks tumbled more than 7% Wednesday: 
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Lakeland Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LBAI#NYSE">LBAI</a>)</td>
<td>-8.96%</td>
</tr>
<tr>
<td>Provident Financial Services, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFS#NYSE">PFS</a>)</td>
<td>-8.84%</td>
</tr>
<tr>
<td>Valley National Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLY#NYSE">VLY</a>)</td>
<td>-8.44%</td>
</tr>
<tr>
<td>ServisFirst Bancshares, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SFBS#NYSE">SFBS</a>)</td>
<td>-7.81%</td>
</tr>
<tr>
<td>New York Community Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NYCB#NYSE">NYCB</a>)</td>
<td>-7.61%</td>
</tr>
<tr>
<td>OceanFirst Financial Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFC#NYSE">OCFC</a>)</td>
<td>-7.58%</td>
</tr>
<tr>
<td>Flushing Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FFIC#NYSE">FFIC</a>)</td>
<td>-7.53%</td>
</tr>
<tr>
<td>Eagle Bancorp, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGBN#NYSE">EGBN</a>)</td>
<td>-7.50%</td>
</tr>
</tbody>
</table>
</figure>
Read now: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38186082/this-puts-the-fed-in-quite-a-tricky-position-7-economists-weigh-in-on-march-inflati">&#8216;This Puts The Fed In Quite A Tricky Position&#8217;: 7 Economists Weigh In On March Inflation Report</a>
Image generated using artificial intelligence via Midjourney.

eXp World Holdings, Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) core subsidiary eXp Realty has appointed Leo Pareja as its new&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/04/g38109267/exp-realty-names-leo-pareja-as-ceo-to-drive-next-era-of-growth-and-innovation" rel="noreferrer noopener">Chief Executive Officer (CEO), effective immediately</a>.
Pareja will succeed Glenn Sanford, who will remain as Founder, Chairman, and CEO of eXp World Holdings.
In his previous post as Chief Strategy Officer, Pareja played an important role in solidifying eXp Realty&#8217;s standing in the competitive real estate marketplace.
&#8220;Leo&#8217;s innovative and recognized industry leadership has elevated our agent-value proposition by reshaping referrals and lead-generation,&#8221; said Glenn Sanford.
Pareja joined eXp Realty in 2022 and has over two decades of real estate experience.
Price Action: EXPI shares are trading lower by 4.79% at $10.15 on the last check Friday.
Photo: Lukas from Pixabay

eXp Realty&#xAE;, "the most agent-centric real estate brokerage on the planet&#x2122;" and the core subsidiary of eXp World Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>), today announced the appointment of Leo Pareja as its new Chief Executive Officer (CEO), effective immediately. He succeeds Glenn Sanford, who will now fully dedicate his efforts to his position as Founder, Chairman, and CEO of eXp World Holdings.
In his previous role as Chief Strategy Officer, Pareja was instrumental in solidifying eXp Realty's standing in the competitive real estate marketplace. His visionary leadership and remarkable track record has greatly enriched the company's value proposition to its agents. For example the successful launches of strategic initiatives like <a href="https://www.globenewswire.com/Tracker?data=7K85GOVR_Sw7epKuGMVYBybKZ9vmG-rS1ayMcUH9-xeOXXIR2Rh_Wl85Cl9OmNVb-z2OvAA_bHLOqIoztv37TSzUWvcTmjRyUakhi9iMxEo=">eXp Exclusives</a>, <a href="https://www.globenewswire.com/Tracker?data=PZJ-lAnCVEiCLTH0g_ou9MC4ojUS98wFhkOQPnk3qEgLdzHPLaKivbIQXBuiPCjmmVYag8VXCrsRJDTDvUhH2g==">Revenos</a>&nbsp;and significant enhancements to<a href="https://www.globenewswire.com/Tracker?data=qoLWKvDv4h-hxLk-VNVL_2Ou2SgtPEFwEH500ntD47RL0sOO1ulSIfle4BBktpvN9MITptHMK92JZFGYW2QLTt0nogCxL5aQ5mqCq7wRrfk="> eXp Solutions</a>.
"Leo's innovative and recognized industry leadership has elevated our agent-value proposition by reshaping referrals and lead-generation," said Sanford. "His deep industry experience and influence on our community have been profound, and I trust that under his direction, eXp Realty will further fortify its competitive advantage and deliver unparalleled value to our agents, further cementing our position as a ground-breaking leader in the real estate industry." The announcement comes as eXp Realty is recognized in the top spot in five categories on the coveted RealTrends 500 report: Transaction Sides, 5 Year Top Movers (Sides), 5 Year Top Movers (Volume), Best Brokerages and Public Independent. The company also moved up to No. 3 in two categories: Volume and Billionaires' Club. The company continues to prove its model as it gains market share, welcoming the best agents in the industry.
"As we step into this new chapter at eXp Realty, I am honored to lead a company that has always placed innovation and agent success at the forefront of its mission," said Pareja. "Together, we will not only continue to redefine the real estate landscape through technology and unparalleled agent support but also empower every member of our community to achieve their full potential."
Having joined eXp Realty in 2022, Pareja brings over two decades of real estate experience, highlighted by numerous accolades including recognition in RealTrends' The Thousand report, topping the National Association of Hispanic Real Estate Professionals' (NAHREP) Top 250 list, and being named a 30 under 30 agent by Realtor&#xAE; Magazine. His entrepreneurial spirit is evidenced by his co-founding of one of the largest private lending companies on the U.S. East Coast and a rapidly growing MLS technology vendor. He has also played significant roles in the National Association of Hispanic Real Estate Professionals, serving as the founding president of the Metro D.C. chapter and later as the national president.

eXp Realty Names Leo Pareja As CEO, Effective Immediately. Succeeds Glenn Sanford, Who Will Now Fully Dedicate His Efforts To His Position As Founder, Chairman, And CEO Of eXp World Holding

Shares of real estate stocks are trading lower after the National Association of Realtors agreed to pay $418 million in damages related to claims brought behalf of home sellers related to broker commissions and put into place new rules that could decrease home selling costs.

eXp World Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) reported its Q4 earnings results on Thursday, February 22, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
eXp World Holdings missed estimated earnings by 100.0%, reporting an EPS of $-0.08 versus an estimate of $-0.04.
Revenue was up $49.65 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.04 which was followed by a 1.73% increase in the share price the next day.
Here's a look at eXp World Holdings's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.05</td>
<td>0.07</td>
<td>-0.07</td>
<td>-0.02</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.01</td>
<td>0.06</td>
<td>0.01</td>
<td>-0.05</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.18B</td>
<td>1.19B</td>
<td>861.22M</td>
<td>1.06B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.22B</td>
<td>1.23B</td>
<td>850.62M</td>
<td>933.39M</td>
</tr>
</tbody>
</table>

To track all earnings releases for eXp World Holdings <a href="https://www.benzinga.com/quote/EXPI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

eXp World Holdings: Q4 Earnings Insights

eXp World Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $(0.04) by 100 percent. The company reported quarterly sales of $983.05 million which beat the analyst consensus estimate of $958.69 million by 2.54 percent. This is a 5.32 percent increase over sales of $933.39 million the same period last year.

Earnings Beats

Earnings Misses

eXp World Holdings Q4 2023 Adj EPS $(0.08) Misses $(0.04) Estimate, Sales $983.05M Beat $958.69M Estimate

DA Davidson downgraded its rating of eXp World Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) to Neutral with a price target of $15.00, changing its price target from $20.00 to $15.00.
Shares of eXp World Holdings are trading down 3.12% over the last 24 hours, at $13.03 per share.
A move to $15.00 would account for a 15.12% increase from the current share price.
<h3>About eXp World Holdings</h3>
eXp World Holdings Inc is a cloud-based residential real estate company. The company owns and operates a cloud-based real estate brokerage and a technology platform business that develops and uses immersive technologies that help businesses increase their effectiveness and reduce costs from operating in traditional brick and mortar office spaces. Its business categories include Real Estate Brokerage, Technology Products and Services, Title, Escrow, Settlement Services, and Mortgage Brokerage Services. The company mainly operates in the United States and Canada, and it also has operations in the United Kingdom, Australia, South Africa, France, India, Portugal, and Mexico, among others.
<h3>About Analyst Ratings</h3>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along with analyst success scores in <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

DA Davidson Downgrades eXp World Holdings: Here's What You Need To Know

DA Davidson analyst Tom White downgrades eXp World Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>) from Buy to Neutral and lowers the price target from $20 to $15.

Downgrades

DA Davidson Downgrades eXp World Holdings to Neutral, Lowers Price Target to $15

eXp Realty, "the most agent-centric real estate brokerage on the planet&#x2122;" and a core subsidiary of eXp World Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPI#NASDAQ">EXPI</a>), is proud to announce the expansion of its luxury real estate program, eXp Luxury, into several vibrant international markets across Europe including Portugal, Spain, France, Italy, Germany and Greece. This strategic move further strengthens the company's global presence and underscores its commitment to delivering unparalleled excellence in global luxury real estate. &nbsp;
With this expansion, more eXp Luxury agents will have the opportunity to unlock a range of benefits designed to empower their growth, including
<ul>
<li>Exclusive partnerships that offer the opportunity to showcase exceptional listing campaigns</li>
<li>Highly customized design center that offers elevated brand aesthetics</li>
<li>Learning events and networking opportunities that foster professional growth &nbsp;</li>
</ul>
"eXp Luxury's expansion into additional international territories comes at a time when the demand for high-end properties across the globe continues to grow," said Michael Valdes, Chief Growth Officer at eXp Realty. "By combining cutting-edge technology and a deep understanding of the luxury market, eXp Luxury is poised to revolutionize the way real estate agents operate on a global scale. We are thrilled to bring this opportunity to more of our global agents and truly look forward to launching in the rest of our international markets in the coming months."
eXp Luxury continues to build on its remarkable success by providing agents with unrivaled access to extraordinary investment opportunities on a global scale. This expansion comes on the heels of the program reaching several significant milestones last year including surpassing 1,000 eXp Luxury members across the U.S. and Canada, and welcoming Puerto Rico, the United Kingdom, Australia, New Zealand and South Africa markets.
For more about the eXp Luxury program, visit <a href="https://www.globenewswire.com/Tracker?data=dWnuC4uAftUN81U-uxxzRbgo3RNd96e3cUx1AUXkTM7otUKY18JowaS5REgwAXMxUeKeXLeiOwk4cVBXd4vFng==">expluxury.com</a>.

Eurozone

Global

Markets

eXp Luxury Solidifies Expansion Into New International Markets Across Europe Including Portugal, Spain, France, Italy, Germany And Greece

<a href="https://expworldholdings.com/press-releases/exp-luxury-solidifies-expansion-into-new-international-markets/" title="https://expworldholdings.com/press-releases/exp-luxury-solidifies-expansion-into-new-international-markets/">https://expworldholdings.com/press-releases/exp-luxury-solidifies-expansion-into-new-international-markets/</a>

eXp Luxury Expands Into New International Markets

<a href="https://www.nytimes.com/2023/12/15/realestate/sexual-misconduct-exp-realty.html?smid=tw-nytimes&amp;smtyp=cur">https://www.nytimes.com/2023/12/15/realestate/sexual-misconduct-exp-realty.html?smid=tw-nytimes&amp;smtyp=cur</a>
&nbsp;

Reported December 15, "In Lawsuits, Five Women Say eXp Realty Long Ignored Complaints That Two Male Agents Were Preying On Their Female Peers At Alcohol-Fueled Work Events" - NY Times

eXp World Holdings Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/expi#NASDAQ">EXPI</a>) shares<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/11/g35701175/exp-world-holdings-initiates-chief-financial-officer-transition-plan" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">&nbsp;are plunging after the company announced that&nbsp;</a>Chief Financial Officer Jeff Whiteside is stepping down.
The company, which is the holding firm for eXp Realty, Virbela and SUCCESS Enterprises said a search process has been initiated to identify Jeff&rsquo;s successor.
Whiteside will remain with the Company through Dec. 1, 2023 to support the transition.&nbsp;
The company and its Board of Directors will work with an external search firm to identify its next CFO.
In the interim, Kent Cheng, eXp World Holdings Chief Accounting Officer, will assume the role of Principal Financial Officer until a CFO has been named.
Price Action: EXPI shares are trading lower by 6.58% at $89.96 on the last check Thursday.

Movers

Why Are eXp World Shares Plunging Today?

eXp World shares are trading lower after the company announced Chief Financial Officer Jeff Whiteside is stepping down from his position.

Property stocks drop as hot inflation data weigh on rate-cut bets

The latest announcement is out from eXp World Holdings Inc (EXPI). A class action lawsuit has been filed against Bluefield Realty Group, LLC, and o...

eXp World Holdings Faces Antitrust Class Action Lawsuit

In a report released today, Tom White from D.A. Davidson maintained a Hold rating on eXp World Holdings (EXPI – Research Report). The company's sha...

D.A. Davidson Reaffirms Their Hold Rating on eXp World Holdings (EXPI)

O'Keefe Stevens Advisory Q1 2024 Investor Letter

eXp World Holdings Inc (EXPI) has provided an update. Investors in the Company can look forward to a cash dividend of $0.05 per share, as announced...

eXp World Holdings Announces Upcoming Cash Dividend

eXp World Non-GAAP EPS of -$0.02 misses by $0.01, revenue of $943.05M beats by $49.81M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
eXp World Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/expi-stock-quote/">EXPI</a>) just reported results for the first quarter of 2024.<ul><li>eXp World Holdings reported earnings per share of -2 cents. This was above the analyst estimate for EPS of -6 cents.</li><li>The company reported revenue of $943.05 million.</li><li>This was 5.58% better than the analyst estimate for revenue of $893.24 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/05/expi-stock-earnings-exp-world-holdings-for-q1-of-2024/">EXPI Stock Earnings: eXp World Holdings Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

EXPI Stock Earnings: eXp World Holdings Beats EPS, Beats Revenue for Q1 2024

eXp Word Holdings, Inc. (EXPI) Q1 2024 Earnings Call Transcript

eXp World declares $0.05 dividend

eXp World in real estate gainers, New York Mortgage Trust in losers

AGNC

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Press Releases

eXp Realty Names Leo Pareja as CEO to Drive Next Era of Growth and Innovation

Leading the Industry in Sides, eXp Realty Celebrates Its Agents' Remarkable Achievements With the Top Producers Lists for 2023

eXp World Holdings to Announce First Quarter 2024 Results on May 1, 2024

eXp Realty Expands Global Network in Second Quarter, Welcoming Top Agents and Securing High Industry Honors

Wendy Forsythe Joins eXp Realty as Chief Marketing Officer to Propel Agent-Centric Initiatives and Amplify Brand Reach

eXp Realty Announces Strategic Leadership Changes to Enhance Global Growth

Kendall Bonner Named Vice President of Industry Relations at eXp Realty

eXp Realty Takes Agent Compensation to Next Level With REVenue Share 2.0

eXp World Holdings Reports Q1 2024 Results

Top Miami Broker Claudia Serna Joins eXp Realty With 500-agent Independent Brokerage

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eXp World Holdings Stock (NASDAQ:EXPI), Short Interest Report

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