eXp World (EXPI) Downgraded by ValuEngine to “Sell”
eXp World (OTCMKTS:EXPI) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Friday.
A number of other research firms have also recently weighed in on EXPI. Zacks Investment Research cut eXp World from a “hold” rating to a “strong sell” rating in a report on Friday, November 17th. Fundamental Research restated a “top pick” rating and issued a $7.43 price target on shares of eXp World in a report on Wednesday, August 23rd.
eXp World (OTCMKTS EXPI) traded down $0.30 during midday trading on Friday, reaching $7.70. The company’s stock had a trading volume of 69,156 shares, compared to its average volume of 55,711. eXp World has a 52 week low of $2.52 and a 52 week high of $8.20.
eXp World (OTCMKTS:EXPI) last released its quarterly earnings results on Tuesday, November 14th. The technology company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.11). The firm had revenue of $48.11 million during the quarter, compared to analyst estimates of $48.01 million. eXp World had a negative return on equity of 272.55% and a negative net margin of 7.33%. sell-side analysts forecast that eXp World will post -0.59 earnings per share for the current fiscal year.
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eXp World Company Profile
eXp World Holdings, Inc, formerly eXp Realty International Corporation, is a cloud-based real estate company. The Company’s segments include Real Estate Brokerage Services, Mortgage Origination Services, and Corporate and Other. It operates over the Internet through its Website, http://exprealty.com and a cloud-based platform to provide its residential real estate brokerage services.
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