Exp World (NASDAQ:EXPI) Research Coverage Started at Zelman & Associates

Zelman & Associates started coverage on shares of Exp World (NASDAQ:EXPI) in a research note released on Friday,Benzinga reports. The brokerage issued an underperform rating and a $4.75 price target on the technology company’s stock.

Other equities analysts have also issued research reports about the stock. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 6th. DA Davidson set a $11.00 target price on Exp World in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $7.88.

Exp World Stock Down 4.7%

NASDAQ EXPI opened at $5.91 on Friday. The firm’s 50-day simple moving average is $7.80 and its two-hundred day simple moving average is $9.60. The company has a market cap of $956.77 million, a PE ratio of -42.21 and a beta of 2.13. Exp World has a 52 week low of $5.66 and a 52 week high of $12.23.

Exp World (NASDAQ:EXPI) last announced its quarterly earnings results on Tuesday, February 24th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). Exp World had a negative return on equity of 10.00% and a negative net margin of 0.48%.The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period in the previous year, the company posted ($0.06) earnings per share. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Exp World will post 0.48 EPS for the current year.

Exp World Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Monday, March 9th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend is Monday, March 9th. Exp World’s payout ratio is -142.86%.

Institutional Trading of Exp World

Several large investors have recently modified their holdings of EXPI. Root Financial Partners LLC bought a new position in Exp World in the fourth quarter valued at about $25,000. PNC Financial Services Group Inc. lifted its stake in shares of Exp World by 139.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,998 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of Exp World by 73.4% in the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after buying an additional 1,516 shares during the last quarter. Kemnay Advisory Services Inc. bought a new stake in Exp World during the fourth quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. increased its holdings in Exp World by 41.2% during the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock valued at $62,000 after buying an additional 1,856 shares during the last quarter. Institutional investors own 27.17% of the company’s stock.

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.