Exp World (NASDAQ:EXPI) Earns Buy Rating from Analysts at Benchmark

Equities researchers at Benchmark started coverage on shares of Exp World (NASDAQ:EXPI) in a research note issued to investors on Thursday,Benzinga reports. The firm set a “buy” rating and a $8.00 price target on the technology company’s stock. Benchmark’s price objective would suggest a potential upside of 31.58% from the stock’s previous close.

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

Exp World Price Performance

EXPI opened at $6.08 on Thursday. The stock’s 50 day simple moving average is $7.60 and its 200 day simple moving average is $9.51. The firm has a market cap of $984.29 million, a price-to-earnings ratio of -43.43 and a beta of 2.13. 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 earnings results on Tuesday, February 24th. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05). The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Exp World had a negative return on equity of 10.00% and a negative net margin of 0.48%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) earnings per share. As a group, sell-side analysts anticipate that Exp World will post 0.48 EPS for the current year.

Institutional Trading of Exp World

Hedge funds have recently modified their holdings of the business. Royal Bank of Canada grew its position in shares of Exp World by 14.0% in the 1st quarter. Royal Bank of Canada now owns 212,604 shares of the technology company’s stock worth $2,079,000 after buying an additional 26,118 shares during the period. AQR Capital Management LLC bought a new stake in Exp World during the first quarter worth about $180,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Exp World by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company’s stock valued at $476,000 after purchasing an additional 2,042 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Exp World by 126.7% during the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock valued at $8,856,000 after purchasing an additional 506,121 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Exp World by 21.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock worth $6,086,000 after purchasing an additional 109,995 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

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.