Exp World (NASDAQ:EXPI) Upgraded at Benchmark

Benchmark upgraded shares of Exp World (NASDAQ:EXPI) to a strong-buy rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Several other analysts have also commented on EXPI. Weiss Ratings reissued a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. DA Davidson set a $11.00 price target on Exp World in a report on Thursday, February 26th. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, Zelman & Associates started coverage on Exp World in a research note on Friday, March 20th. They set an “underperform” rating and a $4.75 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $7.92.

Exp World Stock Down 3.4%

NASDAQ:EXPI opened at $5.99 on Wednesday. The business’s 50-day moving average price is $7.47 and its 200 day moving average price is $9.45. Exp World has a 52-week low of $5.66 and a 52-week high of $12.23. The firm has a market cap of $969.72 million, a P/E ratio of -42.78 and a beta of 2.13.

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 analysts’ consensus estimates of ($0.03) by ($0.05). The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Exp World had a negative net margin of 0.48% and a negative return on equity of 10.00%. Exp World’s revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.06) earnings per share. Sell-side analysts expect that Exp World will post 0.48 EPS for the current year.

Exp World Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 9th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, March 9th. Exp World’s dividend payout ratio (DPR) is presently -142.86%.

Institutional Investors Weigh In On Exp World

Several hedge funds have recently made changes to their positions in EXPI. Root Financial Partners LLC purchased a new position in Exp World during the 4th quarter worth approximately $25,000. PNC Financial Services Group Inc. boosted its position in shares of Exp World by 139.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after buying an additional 1,998 shares during the period. Kemnay Advisory Services Inc. acquired a new stake in shares of Exp World in the fourth quarter worth $37,000. Jones Financial Companies Lllp grew its holdings in shares of Exp World by 73.4% during the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock valued at $40,000 after buying an additional 1,516 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its holdings in shares of Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after buying an additional 1,856 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

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.