Exp World (NASDAQ:EXPI) Earns Buy Rating from Analysts at Benchmark

Benchmark started coverage on shares of Exp World (NASDAQ:EXPI) in a research report report published on Thursday morning, MarketBeat.com reports. The brokerage issued a buy rating and a $8.00 price objective on the technology company’s stock.

EXPI has been the subject of a number of other reports. Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. DA Davidson set a $11.00 price objective on shares of Exp World in a report on Thursday, February 26th. Zelman & Associates started coverage on shares of Exp World in a research report on Friday, March 20th. They set an “underperform” rating and a $4.75 price objective for the company. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Exp World in a research note on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $7.92.

Exp World Price Performance

EXPI stock opened at $5.99 on Thursday. The business has a 50 day simple moving average of $7.47 and a 200-day simple moving average of $9.44. The firm has a market capitalization of $969.72 million, a PE ratio of -42.78 and a beta of 2.13. Exp World has a 1 year low of $5.66 and a 1 year high of $12.23.

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

Exp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 27th. Shareholders of record on Monday, March 9th were given a $0.05 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.20 dividend on an annualized basis and a yield of 3.3%. Exp World’s payout ratio is currently -142.86%.

Hedge Funds Weigh In On Exp World

A number of hedge funds have recently modified their holdings of the business. Royal Bank of Canada increased its position in shares of Exp World by 14.0% during the 1st quarter. Royal Bank of Canada now owns 212,604 shares of the technology company’s stock worth $2,079,000 after purchasing an additional 26,118 shares during the last quarter. AQR Capital Management LLC acquired a new position in Exp World in the first quarter valued at about $180,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Exp World by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company’s stock valued at $476,000 after buying an additional 2,042 shares during the last quarter. Millennium Management LLC boosted its stake in Exp World by 126.7% during the first quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock worth $8,856,000 after buying an additional 506,121 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Exp World by 21.5% during the first quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock worth $6,086,000 after buying an additional 109,995 shares during the period. 27.17% of the stock is currently owned by hedge funds and other institutional investors.

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.