eXp World (EXPI) Upgraded to “Hold” at Zacks Investment Research

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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 reduced their price target on shares of eXp World to $20.00 and set a buy rating for the company in a report on Wednesday, November 14th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and an average price target of $16.65.

eXp World stock opened at $10.02 on Monday. eXp World has a twelve month low of $7.03 and a twelve month high of $19.72.

eXp World (NASDAQ:EXPI) last released its quarterly earnings results on Tuesday, November 13th. The technology company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.03). The company had revenue of $157.20 million during the quarter, compared to analyst estimates of $134.56 million. eXp World had a negative net margin of 7.29% and a negative return on equity of 238.59%. The company’s revenue was up 231.6% compared to the same quarter last year. On average, equities research analysts expect that eXp World will post -0.4 EPS for the current fiscal year.

In related news, Director Richard Stanwood Miller sold 3,077 shares of the stock in a transaction on Tuesday, November 13th. The shares were sold at an average price of $12.53, for a total transaction of $38,554.81. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Randall D. Miles sold 10,000 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $12.33, for a total transaction of $123,300.00. The disclosure for this sale can be found here. Insiders have sold 68,077 shares of company stock valued at $1,119,400 in the last 90 days. 47.20% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Valeo Financial Advisors LLC acquired a new position in eXp World during the third quarter worth $915,000. Northpointe Capital LLC acquired a new position in eXp World during the third quarter worth $2,055,000. Emerald Mutual Fund Advisers Trust acquired a new position in eXp World during the third quarter worth $6,403,000. Engineers Gate Manager LP acquired a new position in eXp World during the third quarter worth $369,000. Finally, Vanguard Group Inc. acquired a new position in eXp World during the third quarter worth $16,417,000. Institutional investors and hedge funds own 4.53% of the company’s stock.

eXp World Company Profile

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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