Exp World's (EXPI) "Sell (D)" Rating Reiterated at Weiss Ratings

Exp World (NASDAQ:EXPI - Get Free Report)'s stock had its "sell (d)" rating reiterated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the stock. DA Davidson set a $12.00 price target on shares of Exp World and gave the company a "buy" rating in a report on Friday, July 11th. Zacks Research upgraded shares of Exp World from a "strong sell" rating to a "hold" rating in a report on Tuesday, September 30th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $12.00.

Exp World Stock Up 0.8%

NASDAQ:EXPI opened at $10.89 on Wednesday. The company's 50 day moving average price is $10.71 and its 200-day moving average price is $9.71. Exp World has a 52 week low of $6.90 and a 52 week high of $15.22. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of -54.45 and a beta of 2.00.

Exp World (NASDAQ:EXPI - Get Free Report) last posted its quarterly 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 in the previous year, the company earned $0.08 EPS. The company's quarterly revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Exp World will post 0.48 earnings per share for the current year.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $10.47, for a total value of $104,700.00. Following the transaction, the director directly owned 507,190 shares in the company, valued at approximately $5,310,279.30. This trade represents a 1.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold 30,000 shares of company stock valued at $316,295 in the last 90 days. 27.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. raised its position in Exp World by 21.5% in the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company's stock worth $6,086,000 after acquiring an additional 109,995 shares during the period. Principal Financial Group Inc. raised its position in Exp World by 2.3% in the first quarter. Principal Financial Group Inc. now owns 421,493 shares of the technology company's stock worth $4,122,000 after acquiring an additional 9,619 shares during the period. Voya Investment Management LLC raised its position in Exp World by 137.5% in the first quarter. Voya Investment Management LLC now owns 58,906 shares of the technology company's stock worth $576,000 after acquiring an additional 34,103 shares during the period. GAMMA Investing LLC raised its position in Exp World by 1,008.3% in the first quarter. GAMMA Investing LLC now owns 23,130 shares of the technology company's stock worth $2,365,000 after acquiring an additional 21,043 shares during the period. Finally, Jacobs Levy Equity Management Inc. raised its position in shares of Exp World by 941.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 369,855 shares of the technology company's stock valued at $3,617,000 after purchasing an additional 334,347 shares during the period. 27.17% of the stock is currently owned by institutional investors.

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.

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