Exp World (NASDAQ:EXPI - Get Free Report) was upgraded by Zacks Research from a "strong sell" rating to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.
Separately, DA Davidson set a $12.00 target price on Exp World and gave the company a "buy" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Exp World has an average rating of "Moderate Buy" and a consensus price target of $12.00.
Check Out Our Latest Research Report on Exp World
Exp World Trading Down 2.3%
NASDAQ EXPI opened at $10.41 on Tuesday. The stock has a market cap of $1.64 billion, a PE ratio of -52.05 and a beta of 2.00. Exp World has a twelve month low of $6.90 and a twelve month high of $15.22. The stock has a fifty day simple moving average of $10.74 and a 200-day simple moving average of $9.68.
Exp World (NASDAQ:EXPI - Get Free Report) last announced its earnings results on Thursday, July 31st. The technology company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.12 by ($0.13). Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The firm had revenue of $1.31 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter last year, the business earned $0.08 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. Research analysts predict that Exp World will post 0.48 EPS for the current year.
Insider Transactions at Exp World
In other Exp World news, Director Randall D. Miles sold 10,000 shares of the stock in a transaction dated Wednesday, September 10th. The stock was sold at an average price of $11.04, for a total value of $110,400.00. Following the sale, the director owned 517,190 shares of the company's stock, valued at $5,709,777.60. This trade represents a 1.90% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 20,000 shares of company stock valued at $211,595. 27.96% of the stock is owned by company insiders.
Institutional Investors Weigh In On Exp World
A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Exp World by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 12,372,635 shares of the technology company's stock valued at $121,004,000 after purchasing an additional 136,800 shares in the last quarter. Bank of America Corp DE raised its position in Exp World by 73.3% in the 2nd quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company's stock valued at $29,934,000 after purchasing an additional 1,391,582 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in Exp World by 16.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,639,766 shares of the technology company's stock valued at $16,037,000 after purchasing an additional 228,103 shares in the last quarter. Northern Trust Corp raised its position in Exp World by 2.6% in the 1st quarter. Northern Trust Corp now owns 1,184,663 shares of the technology company's stock valued at $11,586,000 after purchasing an additional 30,002 shares in the last quarter. Finally, Invesco Ltd. raised its position in Exp World by 55.8% in the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company's stock valued at $10,720,000 after purchasing an additional 421,740 shares in the last quarter. Institutional investors and hedge funds own 27.17% of the company's stock.
Exp World Company Profile
(
Get Free Report)
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.
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