BTIG Research Upgrades eXp World (NASDAQ:EXPI) to “Neutral”

eXp World (NASDAQ:EXPI) was upgraded by investment analysts at BTIG Research from a “sell” rating to a “neutral” rating in a report issued on Tuesday, Marketbeat Ratings reports.

Separately, DA Davidson reaffirmed a “neutral” rating and set a $11.75 price target on shares of eXp World in a report on Friday, July 12th.

eXp World Price Performance

Shares of NASDAQ EXPI opened at $13.67 on Tuesday. The firm has a market capitalization of $2.12 billion, a PE ratio of -80.41 and a beta of 2.34. eXp World has a 1-year low of $8.91 and a 1-year high of $25.39. The business’s fifty day moving average price is $11.60 and its two-hundred day moving average price is $11.59.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $943.10 million for the quarter, compared to analysts’ expectations of $893.24 million. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The company’s revenue for the quarter was up 11.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.01 EPS. Equities research analysts expect that eXp World will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at eXp World

In other news, CEO Glenn Darrel Sanford sold 55,538 shares of the stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $14.29, for a total value of $793,638.02. Following the completion of the transaction, the chief executive officer now directly owns 41,250,297 shares in the company, valued at $589,466,744.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 294,783 shares of company stock valued at $3,674,740. Company insiders own 35.70% of the company’s stock.

Institutional Trading of eXp World

Hedge funds and other institutional investors have recently modified their holdings of the company. Texas Permanent School Fund Corp boosted its stake in eXp World by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 67,302 shares of the technology company’s stock valued at $695,000 after buying an additional 881 shares in the last quarter. Louisiana State Employees Retirement System boosted its stake in eXp World by 2.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 39,000 shares of the technology company’s stock worth $440,000 after purchasing an additional 900 shares during the period. Stratos Wealth Partners LTD. grew its holdings in shares of eXp World by 6.7% during the fourth quarter. Stratos Wealth Partners LTD. now owns 14,738 shares of the technology company’s stock valued at $229,000 after buying an additional 923 shares in the last quarter. SG Americas Securities LLC grew 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 valued at $799,000 after acquiring an additional 1,082 shares in the last quarter. Finally, SRS Capital Advisors Inc. increased its stake in eXp World by 354.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock valued at $31,000 after buying an additional 1,540 shares during the period. Institutional investors own 27.17% of the company’s stock.

eXp World Company Profile

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.