Exp World (NASDAQ:EXPI) Stock Rating Upgraded by Zacks Research

Exp World (NASDAQ:EXPI) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Exp World in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Exp World currently has a consensus rating of “Hold” and an average price target of $12.00.

Exp World Trading Up 0.9%

Shares of NASDAQ:EXPI opened at $9.43 on Tuesday. The firm has a market capitalization of $1.50 billion, a PE ratio of -78.58 and a beta of 1.97. Exp World has a 1-year low of $6.90 and a 1-year high of $12.23. The business’s 50 day moving average is $10.32 and its 200-day moving average is $10.46.

Exp World (NASDAQ:EXPI) last issued its earnings results on Thursday, November 6th. The technology company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.06). Exp World had a negative return on equity of 6.61% and a negative net margin of 0.41%.The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the business earned ($0.04) earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, sell-side analysts predict that Exp World will post 0.48 EPS for the current year.

Insider Buying and Selling at Exp World

In other news, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction 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 sale, the director owned 487,190 shares in the company, valued at approximately $5,456,528. The trade was a 2.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Penny Sanford sold 117,179 shares of the stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $12.04, for a total transaction of $1,410,835.16. Following the sale, the insider owned 26,731,114 shares of the company’s stock, valued at $321,842,612.56. This trade represents a 0.44% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 137,179 shares of company stock worth $1,623,035 in the last 90 days. 27.96% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its position in shares of Exp World by 21.5% during the first 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. Voya Investment Management LLC raised its position in Exp World by 137.5% in the 1st quarter. Voya Investment Management LLC now owns 58,906 shares of the technology company’s stock worth $576,000 after purchasing an additional 34,103 shares during the last quarter. Intech Investment Management LLC lifted its holdings in Exp World by 81.3% during the 2nd quarter. Intech Investment Management LLC now owns 214,277 shares of the technology company’s stock worth $1,950,000 after buying an additional 96,120 shares in the last quarter. Counterpoint Mutual Funds LLC acquired a new position in Exp World during the 2nd quarter worth $348,000. Finally, Cubist Systematic Strategies LLC bought a new position in Exp World in the 1st quarter valued at $317,000. 27.17% of the stock is owned by institutional investors and hedge funds.

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.