eXp World (NASDAQ:EXPI) Upgraded at DA Davidson

eXp World (NASDAQ:EXPI - Get Free Report) was upgraded by analysts at DA Davidson from a "neutral" rating to a "buy" rating in a research note issued on Thursday, MarketBeat Ratings reports. The firm presently has a $10.75 price target on the technology company's stock. DA Davidson's target price points to a potential upside of 27.52% from the company's current price.

eXp World Stock Down 0.7%

Shares of EXPI stock traded down $0.06 on Thursday, reaching $8.43. The company had a trading volume of 1,672,202 shares, compared to its average volume of 1,078,940. The stock has a market capitalization of $1.32 billion, a PE ratio of -60.21 and a beta of 2.66. eXp World has a one year low of $6.90 and a one year high of $15.39. The business's 50-day moving average is $8.73 and its 200 day moving average is $10.57.

eXp World (NASDAQ:EXPI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.12). eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. The firm had revenue of $954.91 million during the quarter, compared to analyst estimates of $994.83 million. During the same period in the prior year, the company earned ($0.02) EPS. The business's quarterly revenue was up 1.3% compared to the same quarter last year. On average, sell-side analysts forecast that eXp World will post 0.48 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $9.76, for a total value of $244,000.00. Following the completion of the transaction, the chief executive officer now owns 39,853,400 shares of the company's stock, valued at $388,969,184. This represents a 0.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold 275,000 shares of company stock valued at $2,533,350 over the last quarter. 27.96% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EXPI. SBI Securities Co. Ltd. bought a new position in eXp World during the 4th quarter worth approximately $32,000. Brooklyn Investment Group raised its holdings in eXp World by 880.8% during the 1st quarter. Brooklyn Investment Group now owns 4,806 shares of the technology company's stock worth $47,000 after purchasing an additional 4,316 shares during the last quarter. Rossby Financial LCC bought a new position in eXp World during the 1st quarter worth approximately $51,000. Graney & King LLC bought a new position in eXp World during the 4th quarter worth approximately $58,000. Finally, Geneos Wealth Management Inc. raised its holdings in eXp World by 41.2% during the 1st quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company's stock worth $62,000 after purchasing an additional 1,856 shares during the last quarter. Institutional investors own 27.17% of the company's stock.

About eXp World

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.