Exp World (NASDAQ:EXPI) PT Set at $12.00 by DA Davidson

Exp World (NASDAQ:EXPI) has been assigned a $12.00 target price by investment analysts at DA Davidson in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The firm currently has a “buy” rating on the technology company’s stock. DA Davidson’s target price indicates a potential upside of 18.58% from the company’s previous close.

Exp World Stock Performance

NASDAQ:EXPI opened at $10.12 on Friday. The firm has a market cap of $1.58 billion, a P/E ratio of -92.00 and a beta of 2.52. Exp World has a fifty-two week low of $6.90 and a fifty-two week high of $15.39. The firm has a 50-day simple moving average of $8.70 and a two-hundred day simple moving average of $9.73.

Exp World (NASDAQ:EXPI) last released its quarterly earnings data on Tuesday, May 6th. The technology company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.12). The firm had revenue of $954.91 million for the quarter, compared to the consensus estimate of $994.83 million. Exp World had a negative net margin of 0.36% and a positive return on equity of 1.85%. The firm’s revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.02) earnings per share. On average, equities research analysts predict that Exp World will post 0.48 EPS for the current year.

Insider Transactions at Exp World

In other news, CEO Glenn Darrel Sanford sold 25,000 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $7.99, for a total transaction of $199,750.00. Following the sale, the chief executive officer owned 39,628,400 shares of the company’s stock, valued at $316,630,916. This trade represents a 0.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 10th. The shares were sold at an average price of $9.15, for a total transaction of $91,500.00. Following the sale, the director directly owned 537,190 shares in the company, valued at approximately $4,915,288.50. The trade was a 1.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 145,000 shares of company stock worth $1,246,200. Insiders own 27.96% of the company’s stock.

Institutional Trading of Exp World

Institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in shares of Exp World by 21.5% in the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock worth $6,086,000 after buying an additional 109,995 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Exp World by 137.5% in the first quarter. Voya Investment Management LLC now owns 58,906 shares of the technology company’s stock worth $576,000 after buying an additional 34,103 shares during the last quarter. Strs Ohio purchased a new position in shares of Exp World in the first quarter worth approximately $148,000. Geneos Wealth Management Inc. boosted its holdings in shares of Exp World by 41.2% in the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after buying an additional 1,856 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Exp World by 9.8% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 202,623 shares of the technology company’s stock worth $1,982,000 after buying an additional 18,138 shares during the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

About Exp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.