eXp World (NASDAQ:EXPI) Price Target Cut to $34.00 by Analysts at DA Davidson

eXp World (NASDAQ:EXPIGet Rating) had its target price decreased by stock analysts at DA Davidson from $45.00 to $34.00 in a research note issued to investors on Thursday, The Fly reports. DA Davidson’s target price suggests a potential upside of 113.17% from the company’s previous close.

A number of other research firms have also commented on EXPI. Zacks Investment Research lowered shares of eXp World from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. William Blair reaffirmed a “market perform” rating on shares of eXp World in a research note on Friday, February 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, eXp World has an average rating of “Hold” and a consensus target price of $39.00.

Shares of NASDAQ:EXPI opened at $15.95 on Thursday. The company has a quick ratio of 2.60, a current ratio of 2.60 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $2.38 billion, a PE ratio of 30.67 and a beta of 3.14. eXp World has a twelve month low of $13.16 and a twelve month high of $55.43. The company has a 50-day moving average price of $20.44 and a two-hundred day moving average price of $30.13.

eXp World (NASDAQ:EXPIGet Rating) last issued its earnings results on Wednesday, May 4th. The technology company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). eXp World had a return on equity of 44.57% and a net margin of 2.15%. The business had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $942.56 million. During the same quarter in the prior year, the business earned $0.03 EPS. eXp World’s revenue for the quarter was up 73.0% compared to the same quarter last year. Analysts anticipate that eXp World will post 0.44 earnings per share for the current fiscal year.

In related news, CEO Glenn Darrel Sanford sold 9,000 shares of eXp World stock in a transaction on Friday, February 4th. The shares were sold at an average price of $26.91, for a total value of $242,190.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Jason Gesing sold 7,000 shares of eXp World stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $13.30, for a total transaction of $93,100.00. Following the completion of the sale, the chief executive officer now owns 2,195,312 shares in the company, valued at approximately $29,197,649.60. The disclosure for this sale can be found here. Insiders have sold 286,942 shares of company stock worth $6,534,671 over the last three months. Insiders own 35.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Covestor Ltd bought a new stake in shares of eXp World during the 4th quarter valued at $30,000. US Bancorp DE boosted its holdings in shares of eXp World by 1,126.5% during the 3rd quarter. US Bancorp DE now owns 834 shares of the technology company’s stock valued at $33,000 after buying an additional 766 shares in the last quarter. TAP Consulting LLC bought a new stake in shares of eXp World during the 4th quarter valued at $38,000. Nisa Investment Advisors LLC boosted its holdings in shares of eXp World by 202.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,510 shares of the technology company’s stock valued at $41,000 after buying an additional 1,010 shares in the last quarter. Finally, Fieldpoint Private Securities LLC bought a new stake in shares of eXp World during the 1st quarter valued at $41,000. Institutional investors and hedge funds own 54.70% of the company’s stock.

eXp World Company Profile (Get Rating)

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company facilitates buyers to search real-time property listings and sellers to list their properties through its various platforms; and offers buyers and sellers with access to a network of professionals, consumer-centric agents, and brokers.

Featured Stories

The Fly logo

Receive News & Ratings for eXp World Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for eXp World and related companies with MarketBeat.com's FREE daily email newsletter.