Exp World (NASDAQ:EXPI) Now Covered by Analysts at Benchmark

Benchmark initiated coverage on shares of Exp World (NASDAQ:EXPI) in a research note published on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $8.00 price objective on the technology company’s stock.

A number of other analysts have also weighed in on the company. Zelman & Associates initiated coverage on Exp World in a research note on Friday, March 20th. They issued an “underperform” rating and a $4.75 target price on the stock. Weiss Ratings reissued a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Finally, DA Davidson set a $11.00 price target on shares of Exp World in a research note on Thursday, February 26th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $7.92.

Exp World Price Performance

Shares of NASDAQ:EXPI opened at $6.20 on Thursday. The firm has a market capitalization of $1.00 billion, a PE ratio of -44.28 and a beta of 2.13. The business has a 50 day simple moving average of $7.54 and a two-hundred day simple moving average of $9.48. Exp World has a 1 year low of $5.66 and a 1 year high of $12.23.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings results on Tuesday, February 24th. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.05). Exp World had a negative return on equity of 10.00% and a negative net margin of 0.48%.The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that Exp World will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Investors of record on Monday, March 9th will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Monday, March 9th. Exp World’s dividend payout ratio is -142.86%.

Institutional Trading of Exp World

Hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its position in shares of Exp World by 5.1% in the 4th quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock worth $127,725,000 after buying an additional 690,694 shares during the last quarter. State Street Corp boosted its stake in Exp World by 4.6% in the fourth quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock valued at $29,856,000 after acquiring an additional 145,657 shares in the last quarter. Bank of America Corp DE boosted its stake in Exp World by 73.3% in the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock valued at $29,934,000 after acquiring an additional 1,391,582 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Exp World by 4.6% in the fourth quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock worth $24,043,000 after purchasing an additional 116,900 shares during the last quarter. Finally, Geode Capital Management LLC grew its holdings in Exp World by 1.6% in the fourth quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock worth $21,891,000 after purchasing an additional 38,134 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other institutional investors.

About Exp World

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.