DA Davidson Lowers Exp World (NASDAQ:EXPI) Price Target to $11.50

Exp World (NASDAQ:EXPI) had its price objective dropped by equities researchers at DA Davidson from $13.00 to $11.50 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. DA Davidson’s price target would indicate a potential upside of 54.16% from the company’s previous close.

EXPI has been the subject of several other reports. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a research report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Exp World has a consensus rating of “Hold” and a consensus price target of $11.50.

Exp World Stock Down 0.5%

Shares of NASDAQ:EXPI opened at $7.46 on Friday. The firm has a fifty day simple moving average of $9.05 and a two-hundred day simple moving average of $10.18. The stock has a market capitalization of $1.18 billion, a P/E ratio of -62.16 and a beta of 2.12. Exp World has a 52 week low of $6.90 and a 52 week high of $12.23.

Insider Buying and Selling

In other news, major shareholder Penny Sanford sold 117,179 shares of Exp World stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $12.04, for a total transaction of $1,410,835.16. Following the completion of the sale, the insider owned 26,731,114 shares of the company’s stock, valued at approximately $321,842,612.56. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 1st. The shares were sold at an average price of $11.20, for a total value of $112,000.00. Following the completion of the sale, the director owned 487,190 shares of the company’s stock, valued at $5,456,528. The trade was a 2.01% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 27.96% of the company’s stock.

Institutional Investors Weigh In On Exp World

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

Exp World Company Profile

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.