Exp World (NASDAQ:EXPI) Now Covered by Zelman & Associates

Equities research analysts at Zelman & Associates began coverage on shares of Exp World (NASDAQ:EXPI) in a research report issued to clients and investors on Friday,Benzinga reports. The firm set an “underperform” rating and a $4.75 price target on the technology company’s stock. Zelman & Associates’ price objective points to a potential downside of 20.37% from the company’s current price.

A number of other brokerages have also commented on EXPI. DA Davidson set a $11.00 price target on Exp World in a report on Thursday, February 26th. Zacks Research upgraded shares of Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $7.88.

Exp World Stock Performance

EXPI traded down $0.24 during midday trading on Friday, reaching $5.97. 278,425 shares of the company were exchanged, compared to its average volume of 1,037,387. The company’s fifty day moving average price is $7.87 and its 200 day moving average price is $9.65. Exp World has a one year low of $5.66 and a one year high of $12.23. The company has a market cap of $965.67 million, a price-to-earnings ratio of -42.60 and a beta of 2.13.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data 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 net margin of 0.48% and a negative return on equity of 10.00%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the business posted ($0.06) earnings per share. Exp World’s revenue was up 8.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Exp World will post 0.48 earnings per share for the current fiscal year.

Institutional Trading of Exp World

A number of hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new position in shares of Exp World during the 4th quarter valued at about $25,000. PNC Financial Services Group Inc. lifted its stake in shares of Exp World by 139.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,998 shares during the last quarter. Jones Financial Companies Lllp grew its position in Exp World by 73.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,516 shares during the last quarter. Kemnay Advisory Services Inc. purchased a new position in Exp World in the 4th quarter worth approximately $37,000. Finally, Geneos Wealth Management Inc. boosted its stake 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 purchasing an additional 1,856 shares during the period. 27.17% of the stock is owned by 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.