eXp World Holdings Inc (NASDAQ:EXPI) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,697,679 shares, an increase of 92.3% from the October 15th total of 882,636 shares. Based on an average trading volume of 254,268 shares, the days-to-cover ratio is currently 6.7 days. Currently, 7.1% of the shares of the company are short sold.
In other eXp World news, VP Jason Gesing sold 5,600 shares of the business’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $16.71, for a total value of $93,576.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Richard Stanwood Miller sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $19.13, for a total transaction of $191,300.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 130,600 shares of company stock worth $2,116,533. Corporate insiders own 47.20% of the company’s stock.
Several hedge funds have recently made changes to their positions in the stock. Emerald Mutual Fund Advisers Trust purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $6,403,000. BlackRock Inc. purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $4,154,000. Northpointe Capital LLC purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $2,055,000. Valeo Financial Advisors LLC purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $915,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of eXp World during the 3rd quarter valued at approximately $663,000. Institutional investors own 0.49% of the company’s stock.
Shares of EXPI stock opened at $11.75 on Friday. eXp World has a 12 month low of $5.95 and a 12 month high of $19.72.
eXp World (NASDAQ:EXPI) last announced its quarterly earnings results on Monday, August 13th. The technology company reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $130.54 million for the quarter, compared to analysts’ expectations of $111.38 million. eXp World had a negative net margin of 11.13% and a negative return on equity of 434.65%. On average, sell-side analysts forecast that eXp World will post -0.37 earnings per share for the current year.
A number of research analysts have weighed in on the stock. Stephens assumed coverage on shares of eXp World in a research note on Tuesday, July 31st. They issued an “overweight” rating and a $20.00 target price on the stock. Zacks Investment Research upgraded shares of eXp World from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, July 25th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $15.90.
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eXp World Company Profile
eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market 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.
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