Exp World (NASDAQ:EXPI) Raised to “Strong-Buy” at Benchmark

Exp World (NASDAQ:EXPI) was upgraded by Benchmark to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

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

Exp World Trading Up 2.0%

NASDAQ:EXPI opened at $6.20 on Wednesday. The company has a market cap of $1.00 billion, a P/E ratio of -44.28 and a beta of 2.13. Exp World has a twelve month low of $5.66 and a twelve month high of $12.23. The company’s 50-day moving average price is $7.54 and its 200-day moving average price is $9.48.

Exp World (NASDAQ:EXPI) last announced its quarterly earnings data on Tuesday, February 24th. The technology company reported ($0.08) earnings per share (EPS) 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 business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the prior year, the company posted ($0.06) EPS. The firm’s revenue was up 8.5% on a year-over-year basis. On average, analysts expect that Exp World will post 0.48 earnings per share for the current year.

Hedge Funds Weigh In On Exp World

Several large investors have recently modified their holdings of EXPI. Vanguard Group Inc. increased its position in shares of Exp World by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 14,113,222 shares of the technology company’s stock worth $127,725,000 after purchasing an additional 690,694 shares during the last quarter. State Street Corp lifted its position in Exp World by 4.6% in the fourth quarter. State Street Corp now owns 3,299,012 shares of the technology company’s stock valued at $29,856,000 after buying an additional 145,657 shares during the last quarter. Bank of America Corp DE lifted its position in Exp World by 73.3% in the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock valued at $29,934,000 after buying an additional 1,391,582 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Exp World by 4.6% during the fourth quarter. Renaissance Technologies LLC now owns 2,656,716 shares of the technology company’s stock worth $24,043,000 after buying an additional 116,900 shares during the period. Finally, Geode Capital Management LLC boosted its stake in Exp World by 1.6% during the fourth quarter. Geode Capital Management LLC now owns 2,418,531 shares of the technology company’s stock worth $21,891,000 after buying an additional 38,134 shares during the period. Institutional investors and hedge funds 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.