eXp World (NASDAQ:EXPI) PT Lowered to $11.75

eXp World (NASDAQ:EXPI) had its price objective lowered by DA Davidson from $13.00 to $11.75 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has an “underperform” rating on the technology company’s stock. DA Davidson’s target price indicates a potential upside of 17.85% from the company’s previous close.

Separately, TheStreet lowered eXp World from a “c-” rating to a “d” rating in a report on Monday, March 4th.

eXp World Price Performance

Shares of EXPI traded down $0.37 during trading hours on Thursday, hitting $9.97. The stock had a trading volume of 905,544 shares, compared to its average volume of 1,074,813. The stock has a fifty day moving average price of $10.86 and a 200 day moving average price of $12.70. eXp World has a 12 month low of $8.91 and a 12 month high of $25.39. The firm has a market capitalization of $1.51 billion, a PE ratio of -166.17 and a beta of 2.29.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Thursday, February 22nd. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). eXp World had a positive return on equity of 0.09% and a negative net margin of 0.21%. The business had revenue of $983.05 million during the quarter, compared to the consensus estimate of $944.40 million. As a group, analysts anticipate that eXp World will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On eXp World

Several hedge funds and other institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC increased its holdings in eXp World by 552.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock worth $124,000 after purchasing an additional 10,195 shares during the period. Foguth Wealth Management LLC. purchased a new position in shares of eXp World during the first quarter valued at $231,000. Global Assets Advisory LLC bought a new stake in shares of eXp World in the first quarter valued at about $1,000,000. PNC Financial Services Group Inc. lifted its stake in eXp World by 29.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 7,481 shares of the technology company’s stock worth $116,000 after acquiring an additional 1,681 shares during the period. Finally, Pineridge Advisors LLC bought a new position in eXp World during the 4th quarter worth about $33,000. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

About eXp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.