Exp World (NASDAQ:EXPI) Rating Lowered to “Strong Sell” at Zacks Research

Exp World (NASDAQ:EXPI) was downgraded by investment analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Monday,Zacks.com reports.

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Exp World in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, Exp World has an average rating of “Reduce” and a consensus price target of $12.00.

Exp World Stock Down 3.4%

Shares of EXPI traded down $0.38 during midday trading on Monday, hitting $10.70. The company’s stock had a trading volume of 389,392 shares, compared to its average volume of 1,160,953. Exp World has a one year low of $6.90 and a one year high of $14.82. The stock has a market capitalization of $1.70 billion, a price-to-earnings ratio of -89.20 and a beta of 2.04. The company’s fifty day simple moving average is $10.83 and its two-hundred day simple moving average is $9.93.

Exp World (NASDAQ:EXPI) last announced its quarterly earnings data on Thursday, November 6th. The technology company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.06). Exp World had a negative return on equity of 6.61% and a negative net margin of 0.41%.The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company earned ($0.04) earnings per share. Exp World’s quarterly revenue was up 6.9% compared to the same quarter last year. On average, research analysts predict that Exp World will post 0.48 earnings per share for the current year.

Insider Activity

In other Exp World news, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $10.02, for a total value of $100,200.00. Following the completion of the sale, the director owned 497,190 shares in the company, valued at approximately $4,981,843.80. The trade was a 1.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 30,000 shares of company stock worth $315,300 over the last quarter. 27.96% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in shares of Exp World by 21.5% during the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock valued at $6,086,000 after buying an additional 109,995 shares during the last quarter. Voya Investment Management LLC lifted its position in shares of Exp World by 137.5% during the first quarter. Voya Investment Management LLC now owns 58,906 shares of the technology company’s stock worth $576,000 after purchasing an additional 34,103 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of 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 purchasing an additional 9,619 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its stake in Exp World by 941.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 369,855 shares of the technology company’s stock worth $3,617,000 after buying an additional 334,347 shares during the period. Finally, Counterpoint Mutual Funds LLC bought a new stake in Exp World during the 2nd quarter valued at about $348,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

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.