eXp World (NASDAQ:EXPI) Stock Rating Reaffirmed by DA Davidson

eXp World (NASDAQ:EXPI)‘s stock had its “underperform” rating reaffirmed by equities research analysts at DA Davidson in a research note issued on Thursday, Benzinga reports. They presently have a $11.75 price target on the technology company’s stock. DA Davidson’s price target indicates a potential upside of 1.12% from the company’s previous close.

Separately, TheStreet lowered shares of eXp World from a “c-” rating to a “d” rating in a research report on Monday, March 4th.

eXp World Price Performance

Shares of EXPI stock traded up $0.37 during midday trading on Thursday, reaching $11.62. 1,462,514 shares of the company traded hands, compared to its average volume of 1,125,558. The firm’s 50 day simple moving average is $10.72 and its two-hundred day simple moving average is $12.51. The firm has a market cap of $1.80 billion, a PE ratio of -68.35 and a beta of 2.29. eXp World has a 1-year low of $8.91 and a 1-year high of $25.39.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm had revenue of $943.10 million during the quarter, compared to analysts’ expectations of $893.24 million. eXp World had a negative return on equity of 1.50% and a negative net margin of 0.60%. eXp World’s revenue was up 11.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.01 earnings per share. As a group, research analysts anticipate that eXp World will post 0.22 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EXPI. Nordea Investment Management AB grew its holdings in shares of eXp World by 49.3% during the first quarter. Nordea Investment Management AB now owns 412,393 shares of the technology company’s stock worth $4,326,000 after buying an additional 136,151 shares in the last quarter. Precision Wealth Strategies LLC acquired a new stake in eXp World during the first quarter worth approximately $113,000. Allspring Global Investments Holdings LLC grew its stake in eXp World by 552.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 12,042 shares of the technology company’s stock worth $124,000 after acquiring an additional 10,195 shares during the period. Foguth Wealth Management LLC. acquired a new position in eXp World in the 1st quarter valued at $231,000. Finally, Global Assets Advisory LLC acquired a new position in eXp World in the 1st quarter valued at $1,000,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

eXp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.