12,230 Shares in Exp World Holdings, Inc. $EXPI Acquired by Corton Capital Inc.

Corton Capital Inc. purchased a new stake in Exp World Holdings, Inc. (NASDAQ:EXPI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 12,230 shares of the technology company’s stock, valued at approximately $111,000.

Several other hedge funds have also recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in shares of Exp World by 21.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock valued at $6,086,000 after purchasing an additional 109,995 shares in the last quarter. Voya Investment Management LLC increased its position in shares of Exp World by 137.5% during the 1st 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 in the last quarter. Principal Financial Group Inc. lifted its holdings in Exp World by 2.3% during the 1st quarter. Principal Financial Group Inc. now owns 421,493 shares of the technology company’s stock valued at $4,122,000 after purchasing an additional 9,619 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its position in Exp World by 941.6% in the first quarter. Jacobs Levy Equity Management Inc. now owns 369,855 shares of the technology company’s stock valued at $3,617,000 after buying an additional 334,347 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC acquired a new position in Exp World in the second quarter valued at about $348,000. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Exp World Price Performance

EXPI opened at $9.89 on Wednesday. The stock has a market capitalization of $1.56 billion, a P/E ratio of -49.45 and a beta of 2.04. The company’s 50 day simple moving average is $10.86 and its 200-day simple moving average is $9.87. Exp World Holdings, Inc. has a one year low of $6.90 and a one year high of $15.22.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on EXPI. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Exp World in a report on Wednesday, October 8th. DA Davidson set a $12.00 price target on Exp World and gave the company a “buy” rating in a report on Friday, July 11th. Finally, Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 30th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.00.

Insider Buying and Selling

In other news, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $10.02, for a total transaction of $100,200.00. Following the completion of the sale, the director owned 497,190 shares in the company, valued at $4,981,843.80. The trade was a 1.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last 90 days, insiders sold 40,000 shares of company stock valued at $416,495. 27.96% of the stock is currently owned by company insiders.

Exp World Profile

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.