Zacks Investment Research upgraded shares of eXp World (NASDAQ:EXPI) from a sell rating to a hold rating in a report published on Monday morning.
According to Zacks, “eXp World Holdings, Inc. provides cloud-based real estate brokerage services primarily in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website and provides buyers and sellers access to a network of professional, consumer-centric agents and brokers. eXp World Holdings, Inc., formerly known as eXp Realty International Corporation, is based in Bellingham, Washington. “
Separately, DA Davidson dropped their price target on shares of eXp World to $20.00 and set a buy rating for the company in a research report on Wednesday, November 14th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $16.65.
eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Tuesday, November 13th. The technology company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03). The business had revenue of $157.20 million for the quarter, compared to analysts’ expectations of $134.56 million. eXp World had a negative net margin of 7.29% and a negative return on equity of 238.59%. The business’s quarterly revenue was up 231.6% on a year-over-year basis. As a group, equities analysts forecast that eXp World will post -0.4 earnings per share for the current fiscal year.
In other news, VP Jason Gesing sold 5,600 shares of the company’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $16.71, for a total transaction of $93,576.00. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Stanwood Miller sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $19.13, for a total transaction of $191,300.00. The disclosure for this sale can be found here. Insiders have sold 68,077 shares of company stock worth $1,119,400 in the last quarter. Company insiders own 47.20% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. acquired a new position in eXp World in the 3rd quarter valued at about $16,417,000. Emerald Mutual Fund Advisers Trust acquired a new stake in eXp World in the third quarter valued at $6,403,000. BlackRock Inc. acquired a new stake in eXp World in the third quarter valued at $4,154,000. Eaton Vance Management purchased a new stake in shares of eXp World in the third quarter valued at $2,292,000. Finally, Northpointe Capital LLC purchased a new stake in shares of eXp World in the third quarter valued at $2,055,000. 4.53% of the stock is owned by institutional investors and hedge funds.
About eXp World
eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.
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