Benchmark Begins Coverage on Exp World (NASDAQ:EXPI)

Analysts at Benchmark initiated coverage on shares of Exp World (NASDAQ:EXPI) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $8.00 price target on the technology company’s stock. Benchmark’s price target suggests a potential upside of 33.56% from the company’s current price.

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

Exp World Stock Performance

Shares of NASDAQ EXPI opened at $5.99 on Thursday. The company has a market cap of $969.72 million, a P/E ratio of -42.78 and a beta of 2.13. Exp World has a 52-week low of $5.66 and a 52-week high of $12.23. The firm’s fifty day moving average is $7.47 and its two-hundred day moving average is $9.45.

Exp World (NASDAQ:EXPI) last issued 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). Exp World had a negative net margin of 0.48% and a negative return on equity of 10.00%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the business earned ($0.06) EPS. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. As a group, analysts forecast that Exp World will post 0.48 EPS for the current fiscal year.

Hedge Funds Weigh In On Exp World

Hedge funds have recently added to or reduced their stakes in the company. Root Financial Partners LLC bought a new stake in Exp World in the fourth quarter worth about $25,000. PNC Financial Services Group Inc. boosted its position in shares of Exp World by 139.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock valued at $31,000 after buying an additional 1,998 shares during the period. Kemnay Advisory Services Inc. bought a new position in shares of Exp World during the fourth quarter valued at approximately $37,000. Jones Financial Companies Lllp raised its holdings in shares of Exp World by 73.4% in the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after buying an additional 1,516 shares during the period. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Exp World by 41.2% in the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after buying an additional 1,856 shares during the period. 27.17% of the stock is currently owned by 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.