Exp World (NASDAQ:EXPI) Coverage Initiated at Benchmark

Equities research analysts at Benchmark started coverage on shares of Exp World (NASDAQ:EXPI) in a note issued to investors on Thursday,Benzinga reports. The firm set a “buy” rating and a $8.00 price target on the technology company’s stock. Benchmark’s target price points to a potential upside of 31.58% from the stock’s current price.

Several other equities research analysts have also recently commented on EXPI. Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. DA Davidson set a $11.00 target price on shares of Exp World in a research note on Thursday, February 26th. Zelman & Associates assumed coverage on shares of Exp World in a 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 report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Exp World has an average rating of “Hold” and a consensus target price of $7.92.

Exp World Price Performance

Shares of NASDAQ:EXPI opened at $6.08 on Thursday. Exp World has a 1-year low of $5.66 and a 1-year high of $12.23. The business has a fifty day moving average price of $7.60 and a 200-day moving average price of $9.51. The company has a market capitalization of $984.29 million, a PE ratio of -43.43 and a beta of 2.13.

Exp World (NASDAQ:EXPI) last released its quarterly earnings data on Tuesday, February 24th. The technology company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The firm 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 firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.06) earnings per share. On average, sell-side analysts anticipate that Exp World will post 0.48 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Root Financial Partners LLC purchased a new position in shares of Exp World during the 4th quarter valued at about $25,000. PNC Financial Services Group Inc. increased its holdings in 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 acquiring an additional 1,998 shares in the last quarter. Kemnay Advisory Services Inc. bought a new stake in Exp World during the 4th quarter worth approximately $37,000. Jones Financial Companies Lllp raised its stake in Exp World by 73.4% during the 3rd quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,516 shares during the period. Finally, Geneos Wealth Management Inc. lifted 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 purchasing an additional 1,856 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

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.