Exp World (NASDAQ:EXPI) Upgraded at Zacks Research

Zacks Research upgraded shares of Exp World (NASDAQ:EXPI) from a strong sell rating to a hold rating in a research note released on Tuesday,Zacks.com reports.

Separately, DA Davidson set a $12.00 price objective on shares of Exp World and gave the stock a “buy” rating in a report on Friday, July 11th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Exp World currently has an average rating of “Moderate Buy” and an average price target of $12.00.

Exp World Stock Up 2.2%

Shares of NASDAQ EXPI opened at $10.64 on Tuesday. The company has a market cap of $1.67 billion, a price-to-earnings ratio of -53.20 and a beta of 2.00. The firm’s fifty day moving average is $10.74 and its 200 day moving average is $9.68. Exp World has a 52 week low of $6.90 and a 52 week high of $15.22.

Exp World (NASDAQ:EXPI) last released its quarterly earnings data on Thursday, July 31st. The technology company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.13). The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. Exp World’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.08 EPS. Equities research analysts anticipate that Exp World will post 0.48 earnings per share for the current year.

Exp World Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, August 15th. Exp World’s dividend payout ratio is currently -100.00%.

Insiders Place Their Bets

In other Exp World news, Director Randall D. Miles sold 10,000 shares of Exp World stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $10.47, for a total value of $104,700.00. Following the completion of the transaction, the director directly owned 507,190 shares of the company’s stock, valued at approximately $5,310,279.30. The trade was a 1.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have sold 30,000 shares of company stock worth $316,295. 27.96% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Exp World

Several institutional investors have recently modified their holdings of EXPI. Public Employees Retirement System of Ohio raised its stake in Exp World by 32.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,191 shares of the technology company’s stock valued at $38,000 after buying an additional 1,032 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Exp World by 1.8% in the second quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock worth $575,000 after buying an additional 1,126 shares during the last quarter. Beacon Pointe Advisors LLC grew its position in Exp World by 2.4% during the second quarter. Beacon Pointe Advisors LLC now owns 59,872 shares of the technology company’s stock valued at $545,000 after buying an additional 1,395 shares during the period. QRG Capital Management Inc. increased its holdings in Exp World by 9.6% during the second quarter. QRG Capital Management Inc. now owns 16,267 shares of the technology company’s stock valued at $148,000 after buying an additional 1,424 shares during the last quarter. Finally, Valued Retirements Inc. raised its position in Exp World by 2.3% in the first quarter. Valued Retirements Inc. now owns 65,547 shares of the technology company’s stock worth $641,000 after acquiring an additional 1,477 shares during the period. 27.17% of the stock is owned by hedge funds and other institutional investors.

Exp World Company Profile

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.