DA Davidson Trims eXp World (NASDAQ:EXPI) Target Price to $11.75

eXp World (NASDAQ:EXPI) had its price target trimmed by DA Davidson from $13.00 to $11.75 in a research note released on Thursday, Benzinga reports. The brokerage currently has an underperform rating on the technology company’s stock.

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

eXp World Stock Up 1.5 %

Shares of EXPI stock opened at $10.12 on Thursday. eXp World has a 52-week low of $8.91 and a 52-week high of $25.39. The stock has a market cap of $1.54 billion, a PE ratio of -168.67 and a beta of 2.29. The business has a 50-day simple moving average of $10.78 and a 200-day simple moving average of $12.63.

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

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.98%. eXp World’s dividend payout ratio (DPR) is -333.33%.

Institutional Investors Weigh In On eXp World

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPI. Stratos Wealth Partners LTD. grew its position in shares of eXp World by 6.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,738 shares of the technology company’s stock valued at $229,000 after purchasing an additional 923 shares during the period. Arizona State Retirement System increased its stake in eXp World by 4.5% during the 3rd quarter. Arizona State Retirement System now owns 21,845 shares of the technology company’s stock worth $355,000 after buying an additional 945 shares in the last quarter. SG Americas Securities LLC increased its stake in eXp World by 2.1% during the 4th quarter. SG Americas Securities LLC now owns 51,496 shares of the technology company’s stock worth $799,000 after buying an additional 1,082 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of eXp World by 28.9% during the third quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the technology company’s stock valued at $84,000 after acquiring an additional 1,156 shares during the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of eXp World by 354.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,540 shares in the last quarter. Hedge funds and other institutional investors own 27.17% of the company’s stock.

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.