eXp World (NASDAQ:EXPI) Upgraded to “Buy” at ValuEngine

ValuEngine upgraded shares of eXp World (NASDAQ:EXPI) from a hold rating to a buy rating in a research note issued to investors on Thursday morning, ValuEngine reports.

Separately, Zacks Investment Research upgraded eXp World from a hold rating to a buy rating and set a $12.00 target price on the stock in a report on Wednesday, July 10th.

Shares of eXp World stock traded down $0.30 during trading on Thursday, reaching $10.23. 2,788 shares of the company were exchanged, compared to its average volume of 156,635. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.06. eXp World has a twelve month low of $6.61 and a twelve month high of $19.72. The business’s 50-day simple moving average is $10.74. The stock has a market cap of $649.46 million, a price-to-earnings ratio of -25.67 and a beta of 4.31.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.01. eXp World had a negative return on equity of 72.09% and a negative net margin of 3.03%. The business had revenue of $157.00 million during the quarter, compared to analysts’ expectations of $144.00 million. eXp World’s revenue for the quarter was up 153.2% on a year-over-year basis. On average, analysts expect that eXp World will post -0.17 earnings per share for the current fiscal year.

In other news, Director Richard Stanwood Miller sold 26,005 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $12.51, for a total value of $325,322.55. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Glenn Darrel Sanford sold 20,000 shares of the business’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $11.04, for a total value of $220,800.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 419,713 shares of company stock worth $4,630,095. Corporate insiders own 43.57% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Strs Ohio bought a new stake in shares of eXp World in the second quarter valued at about $47,000. Great West Life Assurance Co. Can bought a new stake in shares of eXp World in the fourth quarter valued at about $36,000. Sigma Planning Corp lifted its holdings in shares of eXp World by 8.9% in the second quarter. Sigma Planning Corp now owns 18,646 shares of the technology company’s stock valued at $208,000 after purchasing an additional 1,531 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of eXp World by 4.4% in the fourth quarter. Bank of New York Mellon Corp now owns 23,452 shares of the technology company’s stock valued at $166,000 after purchasing an additional 993 shares in the last quarter. Finally, Jane Street Group LLC lifted its holdings in shares of eXp World by 10.2% in the fourth quarter. Jane Street Group LLC now owns 25,701 shares of the technology company’s stock valued at $182,000 after purchasing an additional 2,384 shares in the last quarter. Institutional investors own 6.04% 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, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

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