Zacks Investment Research upgraded shares of eXp World (NASDAQ:EXPI) from a hold rating to a buy rating in a report published on Monday, Zacks.com reports. The firm currently has $38.00 price objective on the technology company’s stock.
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. “
Several other analysts also recently commented on EXPI. BidaskClub raised eXp World from a buy rating to a strong-buy rating in a research note on Wednesday, June 24th. DA Davidson raised their price objective on eXp World from $15.00 to $18.00 and gave the stock a buy rating in a research note on Tuesday, June 23rd. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. eXp World currently has a consensus rating of Buy and an average price target of $24.00.
NASDAQ EXPI opened at $41.89 on Monday. The firm has a market cap of $2.57 billion, a PE ratio of 465.50 and a beta of 2.96. eXp World has a one year low of $6.51 and a one year high of $42.89. The stock’s 50 day simple moving average is $21.96 and its 200 day simple moving average is $13.05. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.33 and a quick ratio of 2.33.
eXp World (NASDAQ:EXPI) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.09. eXp World had a return on equity of 12.77% and a net margin of 0.63%. As a group, equities analysts expect that eXp World will post 0.22 earnings per share for the current year.
In other eXp World news, CEO Glenn Darrel Sanford sold 10,000 shares of eXp World stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $18.49, for a total value of $184,900.00. Following the sale, the chief executive officer now owns 20,790,214 shares of the company’s stock, valued at approximately $384,411,056.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Randall D. Miles sold 15,000 shares of eXp World stock in a transaction dated Wednesday, June 17th. The shares were sold at an average price of $11.95, for a total value of $179,250.00. Insiders sold a total of 395,000 shares of company stock worth $10,750,800 in the last three months. Company insiders own 40.06% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can bought a new position in eXp World in the 2nd quarter valued at $32,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in eXp World by 46.5% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,150 shares of the technology company’s stock worth $36,000 after buying an additional 1,000 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in eXp World by 49.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,107 shares of the technology company’s stock worth $36,000 after buying an additional 700 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in eXp World in the 1st quarter worth about $42,000. Finally, Advisor Group Holdings Inc. acquired a new stake in eXp World in the 1st quarter worth about $49,000. 12.39% of the stock is currently owned by hedge funds and other institutional investors.
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, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.
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