Exp World (NASDAQ:EXPI) Coverage Initiated by Analysts at Zelman & Associates

Equities research analysts at Zelman & Associates started coverage on shares of Exp World (NASDAQ:EXPI) in a note issued to investors on Friday,Benzinga reports. The firm set an “underperform” rating and a $4.75 price target on the technology company’s stock. Zelman & Associates’ price target would indicate a potential downside of 20.37% from the stock’s current price.

Several other analysts have also recently weighed in on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of Exp World in a report on Monday, December 29th. DA Davidson set a $11.00 price objective on shares of Exp World in a report on Thursday, February 26th. Finally, Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $7.88.

Exp World Stock Down 3.8%

Shares of NASDAQ:EXPI traded down $0.24 during midday trading on Friday, hitting $5.97. 278,425 shares of the stock traded hands, compared to its average volume of 1,037,387. The business’s 50 day moving average is $7.87 and its two-hundred day moving average is $9.65. The stock has a market capitalization of $965.67 million, a PE ratio of -42.60 and a beta of 2.13. Exp World has a one year low of $5.66 and a one year high of $12.23.

Exp World (NASDAQ:EXPI) last released its quarterly earnings results 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Exp World had a negative net margin of 0.48% and a negative return on equity of 10.00%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned ($0.06) EPS. As a group, sell-side analysts forecast that Exp World will post 0.48 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Root Financial Partners LLC bought a new stake in shares of Exp World in the 4th quarter worth approximately $25,000. PNC Financial Services Group Inc. grew its stake in shares of Exp World by 139.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after acquiring an additional 1,998 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Exp World by 73.4% during the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,516 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Exp World during the fourth quarter valued at approximately $37,000. Finally, Geneos Wealth Management Inc. grew its holdings in shares of 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. 27.17% of the stock is owned by hedge funds and other institutional investors.

About Exp World

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.