Zacks Investment Research lowered shares of eXp World (NASDAQ:EXPI) from a hold rating to a sell rating in a research note published on Monday, Zacks.com reports.

According to Zacks, “eXp World Holdings, Inc. provides cloud-based real estate brokerage services primarily in the United states and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website and provides buyers and sellers access to a network of professional, consumer-centric agents and brokers. eXp World Holdings, Inc., formerly known as eXp Realty International Corporation, is based in Bellingham, Washington. “

Separately, William Blair reissued an outperform rating on shares of eXp World in a research report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $18.67.

NASDAQ:EXPI opened at $12.35 on Monday. eXp World has a fifty-two week low of $6.61 and a fifty-two week high of $19.72. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Thursday, May 9th. The technology company reported ($0.10) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.11) by $0.01. eXp World had a negative return on equity of 72.09% and a negative net margin of 3.03%. The business had revenue of $157.00 million for the quarter, compared to analysts’ expectations of $144.00 million. The business’s revenue for the quarter was up 153.2% compared to the same quarter last year. As a group, research analysts expect that eXp World will post -0.17 earnings per share for the current year.

In related news, insider Alan M. Goldman sold 8,333 shares of eXp World stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $11.03, for a total value of $91,912.99. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Randall D. Miles sold 15,000 shares of eXp World stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $11.68, for a total value of $175,200.00. The disclosure for this sale can be found here. In the last three months, insiders sold 359,874 shares of company stock worth $3,923,682. 43.57% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. BlueCrest Capital Management Ltd boosted its position in shares of eXp World by 25.6% during the 1st quarter. BlueCrest Capital Management Ltd now owns 22,330 shares of the technology company’s stock valued at $243,000 after purchasing an additional 4,545 shares in the last quarter. Jefferies Group LLC bought a new stake in shares of eXp World during the 1st quarter valued at about $112,000. ExodusPoint Capital Management LP boosted its position in shares of eXp World by 128.6% during the 1st quarter. ExodusPoint Capital Management LP now owns 50,745 shares of the technology company’s stock valued at $552,000 after purchasing an additional 28,545 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of eXp World by 2.2% during the 1st quarter. Geode Capital Management LLC now owns 299,986 shares of the technology company’s stock valued at $3,260,000 after purchasing an additional 6,594 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of eXp World by 9.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 137,279 shares of the technology company’s stock valued at $1,493,000 after purchasing an additional 11,434 shares in the last quarter. 5.63% of the stock is currently owned by institutional investors and hedge funds.

About eXp World

eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United States and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

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