Zacks Investment Research upgraded shares of eXp World (NASDAQ:EXPI) from a sell rating to a hold rating in a research note released on Monday morning.

According to Zacks, “eXp World Holdings, Inc. provides cloud-based real estate brokerage services primarily in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website and provides buyers and sellers access to a network of professional, consumer-centric agents and brokers. eXp World Holdings, Inc., formerly known as eXp Realty International Corporation, is based in Bellingham, Washington. “

Separately, DA Davidson cut their price target on eXp World to $20.00 and set a buy rating on the stock in a report on Wednesday, November 14th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. eXp World currently has a consensus rating of Buy and an average price target of $18.67.

Shares of NASDAQ EXPI traded up $0.31 during mid-day trading on Monday, hitting $9.19. The company had a trading volume of 5,613 shares, compared to its average volume of 215,747. eXp World has a 12 month low of $6.61 and a 12 month high of $19.72.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Tuesday, November 13th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). The company had revenue of $157.20 million during the quarter, compared to the consensus estimate of $134.56 million. eXp World had a negative return on equity of 238.59% and a negative net margin of 7.29%. eXp World’s revenue for the quarter was up 231.6% on a year-over-year basis. On average, research analysts forecast that eXp World will post -0.4 earnings per share for the current year.

In related news, Director Randall D. Miles sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 6th. The stock was sold at an average price of $12.33, for a total value of $123,300.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Stanwood Miller sold 3,077 shares of the firm’s stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $12.53, for a total value of $38,554.81. The disclosure for this sale can be found here. Company insiders own 47.20% of the company’s stock.

A number of institutional investors have recently made changes to their positions in EXPI. Northpointe Capital LLC bought a new stake in eXp World during the 3rd quarter valued at $2,055,000. Russell Investments Group Ltd. bought a new stake in eXp World during the 3rd quarter valued at $663,000. Emerald Mutual Fund Advisers Trust bought a new stake in eXp World during the 3rd quarter valued at $6,403,000. Valeo Financial Advisors LLC bought a new stake in eXp World during the 3rd quarter valued at $915,000. Finally, Engineers Gate Manager LP bought a new stake in eXp World during the 3rd quarter valued at $369,000. 4.53% of the stock is currently owned by hedge funds and other institutional investors.

About eXp World

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

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