eXp World (EXPI) Upgraded by Zacks Investment Research to Hold

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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 released 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 decreased their price objective on eXp World to $20.00 and set a buy rating on the stock in a research note on Wednesday, November 14th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. eXp World currently has an average rating of Buy and a consensus target price of $18.67.

Shares of EXPI traded up $0.31 during trading hours on Monday, reaching $9.19. 5,613 shares of the company traded hands, compared to its average volume of 215,747. eXp World has a fifty-two week low of $6.61 and a fifty-two week high of $19.72.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Tuesday, November 13th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The company had revenue of $157.20 million for 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 firm’s quarterly revenue was up 231.6% compared to the same quarter last year. Equities analysts predict that eXp World will post -0.4 earnings per share for the current fiscal year.

In other news, Director Richard Stanwood Miller sold 3,077 shares of the firm’s stock in a transaction dated Tuesday, November 13th. The stock was sold at an average price of $12.53, for a total value of $38,554.81. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $12.33, for a total value of $123,300.00. The disclosure for this sale can be found here. Corporate insiders own 47.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. purchased a new position in shares of eXp World in the 3rd quarter worth about $16,417,000. Vanguard Group Inc purchased a new position in shares of eXp World in the 3rd quarter worth about $16,417,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of eXp World in the 3rd quarter worth about $6,403,000. BlackRock Inc. purchased a new position in shares of eXp World in the 3rd quarter worth about $4,154,000. Finally, Eaton Vance Management purchased a new position in shares of eXp World in the 3rd quarter worth about $2,292,000. 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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