Exp World (NASDAQ:EXPI) Price Target Cut to $11.50 by Analysts at DA Davidson

Exp World (NASDAQ:EXPI) had its price target cut by DA Davidson from $13.00 to $11.50 in a research note published on Friday morning, MarketBeat Ratings reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms have also recently issued reports on EXPI. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Exp World presently has an average rating of “Hold” and an average target price of $11.50.

Exp World Stock Performance

NASDAQ EXPI opened at $7.51 on Friday. Exp World has a twelve month low of $6.90 and a twelve month high of $12.23. The stock has a market cap of $1.19 billion, a PE ratio of -62.58 and a beta of 2.12. The firm has a 50-day simple moving average of $8.99 and a 200 day simple moving average of $10.16.

Insider Buying and Selling at Exp World

In other news, major shareholder Penny Sanford sold 117,179 shares of Exp World stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $12.04, for a total value of $1,410,835.16. Following the completion of the transaction, the insider owned 26,731,114 shares in the company, valued at approximately $321,842,612.56. The trade was a 0.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Randall D. Miles sold 10,000 shares of the stock in a transaction that occurred on Monday, December 1st. The stock was sold at an average price of $11.20, for a total value of $112,000.00. Following the sale, the director owned 487,190 shares in the company, valued at approximately $5,456,528. This trade represents a 2.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 27.96% of the stock is currently owned by insiders.

Institutional Trading of Exp World

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System lifted its position in Exp World by 2.7% during the 3rd quarter. Louisiana State Employees Retirement System now owns 41,200 shares of the technology company’s stock worth $439,000 after buying an additional 1,100 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Exp World by 1.8% during the second quarter. Thrivent Financial for Lutherans now owns 63,158 shares of the technology company’s stock worth $575,000 after purchasing an additional 1,126 shares in the last quarter. Illinois Municipal Retirement Fund grew its stake in shares of Exp World by 2.8% during the third quarter. Illinois Municipal Retirement Fund now owns 43,569 shares of the technology company’s stock valued at $464,000 after purchasing an additional 1,198 shares during the last quarter. Beacon Pointe Advisors LLC increased its holdings in shares of Exp World by 2.4% in the second quarter. Beacon Pointe Advisors LLC now owns 59,872 shares of the technology company’s stock valued at $545,000 after purchasing an additional 1,395 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its holdings in Exp World by 14.6% during the 3rd quarter. Raymond James Financial Inc. now owns 11,609 shares of the technology company’s stock worth $124,000 after buying an additional 1,475 shares in the last quarter. 27.17% of the stock is currently owned by institutional investors and hedge funds.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.