eXp World (NASDAQ:EXPI) Price Target Raised to $13.50

eXp World (NASDAQ:EXPI) had its price objective lifted by equities research analysts at DA Davidson from $11.75 to $13.50 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. DA Davidson’s price target suggests a potential downside of 5.99% from the company’s current price.

Separately, BTIG Research raised shares of eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd.

eXp World Price Performance

EXPI stock opened at $14.36 on Thursday. The company has a fifty day moving average price of $11.79 and a two-hundred day moving average price of $11.60. eXp World has a one year low of $8.91 and a one year high of $25.39. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -84.47 and a beta of 2.34.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Wednesday, July 31st. The technology company reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same period last year, the firm earned $0.06 earnings per share. The company’s revenue for the quarter was up 5.2% compared to the same quarter last year. Research analysts anticipate that eXp World will post 0.18 EPS for the current fiscal year.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $11.05, for a total value of $276,250.00. Following the completion of the transaction, the chief executive officer now owns 41,563,393 shares of the company’s stock, valued at $459,275,492.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders sold 334,783 shares of company stock valued at $4,253,940. 35.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of EXPI. SRS Capital Advisors Inc. grew its holdings in shares of eXp World by 354.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock worth $31,000 after purchasing an additional 1,540 shares during the last quarter. Scarborough Advisors LLC acquired a new position in shares of eXp World during the fourth quarter worth approximately $31,000. Pineridge Advisors LLC acquired a new position in shares of eXp World during the fourth quarter worth approximately $33,000. International Assets Investment Management LLC acquired a new position in shares of eXp World during the fourth quarter worth approximately $48,000. Finally, Blue Trust Inc. raised its position in shares of eXp World by 201.3% during the fourth quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock worth $48,000 after purchasing an additional 1,955 shares during the period. Institutional investors and hedge funds 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.