eXp World (NASDAQ:EXPI) Receives “Neutral” Rating from DA Davidson

eXp World (NASDAQ:EXPI)‘s stock had its “neutral” rating reaffirmed by analysts at DA Davidson in a report released on Friday,Benzinga reports. They presently have a $13.50 price objective on the technology company’s stock. DA Davidson’s price target would suggest a potential upside of 30.06% from the company’s current price.

eXp World Price Performance

Shares of EXPI traded down $0.96 on Friday, reaching $10.38. 739,652 shares of the stock traded hands, compared to its average volume of 863,510. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of -47.23 and a beta of 2.29. eXp World has a 12 month low of $8.91 and a 12 month high of $15.39. The stock’s 50-day moving average price is $11.40 and its 200-day moving average price is $12.56.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. eXp World had a positive return on equity of 2.27% and a negative net margin of 0.74%. As a group, equities research analysts forecast that eXp World will post 0.08 earnings per share for the current fiscal year.

Insider Activity

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $14.41, for a total value of $720,500.00. Following the sale, the chief executive officer now directly owns 40,389,080 shares in the company, valued at $582,006,642.80. This represents a 0.12 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Over the last ninety days, insiders have sold 411,511 shares of company stock worth $5,086,061. Company insiders own 35.70% of the company’s stock.

Hedge Funds Weigh In On eXp World

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of eXp World during the third quarter valued at $30,000. SBI Securities Co. Ltd. acquired a new position in shares of eXp World during the fourth quarter valued at $32,000. Point72 Hong Kong Ltd acquired a new position in shares of eXp World during the third quarter valued at $34,000. Graney & King LLC acquired a new position in shares of eXp World during the fourth quarter valued at $58,000. Finally, Sims Investment Management LLC acquired a new position in shares of eXp World during the fourth quarter valued at $121,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Company Profile

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.