eXp World Holdings Inc (EXPI) Receives Average Rating of “Buy” from Analysts

Shares of eXp World Holdings Inc (NASDAQ:EXPI) have received a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $15.87.

A number of equities analysts have recently commented on EXPI shares. Zacks Investment Research lowered eXp World from a “buy” rating to a “hold” rating in a report on Tuesday, October 16th. Stephens assumed coverage on eXp World in a report on Tuesday, July 31st. They issued an “overweight” rating and a $20.00 price target for the company.

In other news, Director Randall D. Miles sold 20,000 shares of eXp World stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $15.70, for a total value of $314,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Glenn Darrel Sanford sold 40,000 shares of eXp World stock in a transaction dated Friday, August 31st. The stock was sold at an average price of $15.84, for a total value of $633,600.00. The disclosure for this sale can be found here. Insiders have sold 130,600 shares of company stock valued at $2,116,533 in the last three months. 47.20% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of EXPI. Emerald Mutual Fund Advisers Trust bought a new stake in shares of eXp World in the third quarter valued at approximately $6,403,000. BlackRock Inc. acquired a new position in shares of eXp World in the third quarter valued at $4,154,000. Eaton Vance Management acquired a new position in shares of eXp World in the third quarter valued at $2,292,000. Northpointe Capital LLC acquired a new position in shares of eXp World in the third quarter valued at $2,055,000. Finally, Valeo Financial Advisors LLC acquired a new position in eXp World during the third quarter worth $915,000. Institutional investors own 1.28% of the company’s stock.

Shares of eXp World stock traded up $0.27 during trading hours on Thursday, reaching $12.11. The company had a trading volume of 9,042 shares, compared to its average volume of 225,678. eXp World has a one year low of $5.95 and a one year high of $19.72.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings results on Tuesday, November 13th. The technology company reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.05) by ($0.03). eXp World had a negative return on equity of 434.65% and a negative net margin of 11.13%. The company had revenue of $157.20 million during the quarter, compared to the consensus estimate of $134.56 million. The firm’s quarterly revenue was up 231.6% compared to the same quarter last year. Analysts anticipate that eXp World will post -0.37 EPS for the current fiscal year.

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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