eXp World Holdings Inc (NASDAQ:EXPI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

According to Zacks, “eXp World Holdings, Inc. provides cloud-based real estate brokerage services primarily in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website and provides buyers and sellers access to a network of professional, consumer-centric agents and brokers. eXp World Holdings, Inc., formerly known as eXp Realty International Corporation, is based in Bellingham, Washington. “

Several other equities analysts have also recently issued reports on EXPI. Fundamental Research reaffirmed a “top pick” rating and issued a $7.43 price objective on shares of eXp World Holdings in a research note on Friday, June 23rd. William Blair started coverage on shares of eXp World Holdings in a research note on Friday, July 21st. They issued an “outperform” rating on the stock. Finally, ValuEngine cut shares of eXp World Holdings from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd.

Shares of eXp World Holdings (NASDAQ:EXPI) traded up 0.51% during mid-day trading on Tuesday, hitting $3.98. 10,556 shares of the company’s stock traded hands. eXp World Holdings has a 1-year low of $2.52 and a 1-year high of $5.50. The stock has a 50 day moving average price of $0.71 and a 200-day moving average price of $0.83. The stock’s market cap is $211.61 million.

eXp World Holdings (NASDAQ:EXPI) last announced its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.10. The company had revenue of $39.57 million for the quarter, compared to analysts’ expectations of $33.79 million. eXp World Holdings had a net margin of 8.16% and a return on equity of 392.26%. Equities research analysts anticipate that eXp World Holdings will post ($0.03) EPS for the current fiscal year.

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About eXp World Holdings

eXp World Holdings, Inc, formerly eXp Realty International Corporation, is a cloud-based real estate company. The Company’s segments include Real Estate Brokerage Services, Mortgage Origination Services, and Corporate and Other. It operates over the Internet through its Website, http://exprealty.com and a cloud-based platform to provide its residential real estate brokerage services.

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