eXp World's (EXPI) Underperform Rating Reiterated at DA Davidson

DA Davidson reiterated their underperform rating on shares of eXp World (NASDAQ:EXPI - Free Report) in a research note published on Thursday morning, Benzinga reports. They currently have a $11.75 target price on the technology company's stock.

Separately, TheStreet cut eXp World from a c- rating to a d rating in a report on Monday, March 4th.

eXp World Stock Performance

NASDAQ:EXPI traded up $1.10 during trading hours on Thursday, reaching $11.25. The stock had a trading volume of 2,368,327 shares, compared to its average volume of 1,102,826. The stock has a market capitalization of $1.71 billion, a PE ratio of -187.50 and a beta of 2.29. The company has a 50 day moving average price of $10.71 and a two-hundred day moving average price of $12.52. eXp World has a 52 week low of $8.91 and a 52 week high of $25.39.

eXp World (NASDAQ:EXPI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. eXp World had a positive return on equity of 0.09% and a negative net margin of 0.21%. The company had revenue of $943.10 million for the quarter, compared to the consensus estimate of $893.24 million. During the same quarter in the prior year, the company posted $0.01 EPS. eXp World's quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts predict that eXp World will post 0.22 EPS for the current year.

eXp World Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 8th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Thursday, March 7th. eXp World's dividend payout ratio (DPR) is currently -333.33%.

Institutional Investors Weigh In On eXp World

A number of hedge funds have recently made changes to their positions in EXPI. Norges Bank purchased a new position in shares of eXp World in the fourth quarter worth about $7,141,000. Qube Research & Technologies Ltd boosted its stake in eXp World by 861.7% during the third quarter. Qube Research & Technologies Ltd now owns 291,809 shares of the technology company's stock worth $4,739,000 after buying an additional 261,466 shares during the last quarter. Copeland Capital Management LLC raised its position in eXp World by 6.4% in the fourth quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company's stock valued at $60,011,000 after purchasing an additional 232,321 shares during the period. Wellington Management Group LLP purchased a new stake in eXp World in the third quarter valued at $3,771,000. Finally, Lazard Asset Management LLC raised its holdings in shares of eXp World by 13,021.4% in the 3rd quarter. Lazard Asset Management LLC now owns 188,030 shares of the technology company's stock valued at $3,052,000 after buying an additional 186,597 shares during the period. 27.17% of the stock is currently owned by hedge funds and other 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.