eXp World (EXPI) Rating Increased to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of eXp World (NASDAQ:EXPI) from a sell rating to a hold rating in a report issued 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 eXp World to $20.00 and set a buy rating on the stock in a research report on Wednesday, November 14th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. eXp World currently has a consensus rating of Buy and a consensus target price of $16.65.

Shares of NASDAQ EXPI opened at $10.12 on Monday. eXp World has a one year low of $7.03 and a one year high of $19.72.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Tuesday, November 13th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). eXp World had a negative net margin of 7.29% and a negative return on equity of 238.59%. The firm had revenue of $157.20 million for the quarter, compared to analysts’ expectations of $134.56 million. The firm’s revenue was up 231.6% on a year-over-year basis. Equities research analysts anticipate that eXp World will post -0.4 earnings per share for the current year.

In related news, Director Randall D. Miles sold 20,000 shares of the business’s stock in a transaction on Monday, October 1st. The stock was sold at an average price of $16.39, for a total transaction of $327,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Richard Stanwood Miller sold 10,000 shares of the business’s stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $19.13, for a total value of $191,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,077 shares of company stock worth $1,119,400. 47.20% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Valeo Financial Advisors LLC bought a new stake in shares of eXp World during the 3rd quarter valued at $915,000. Northpointe Capital LLC bought a new stake in shares of eXp World during the 3rd quarter valued at $2,055,000. Emerald Mutual Fund Advisers Trust bought a new stake in shares of eXp World during the 3rd quarter valued at $6,403,000. Engineers Gate Manager LP bought a new stake in shares of eXp World during the 3rd quarter valued at $369,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of eXp World during the 3rd quarter valued at $413,000. Institutional investors own 4.53% of the company’s stock.

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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