Exp World (NASDAQ:EXPI) Stock Rating Upgraded by Benchmark

Exp World (NASDAQ:EXPI) was upgraded by research analysts at Benchmark to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities analysts also recently weighed in on the company. Zacks Research raised Exp World from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “sell (d+)” rating on shares of Exp World in a research report on Monday, December 29th. Zelman & Associates began coverage on Exp World in a research note on Friday, March 20th. They set an “underperform” rating and a $4.75 price target for the company. Finally, DA Davidson set a $11.00 price objective on shares of Exp World in a research note on Thursday, February 26th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $7.92.

Exp World Trading Up 2.0%

EXPI stock opened at $6.20 on Wednesday. The company’s 50-day moving average price is $7.54 and its 200 day moving average price is $9.48. Exp World has a 52 week low of $5.66 and a 52 week high of $12.23. The company has a market cap of $1.00 billion, a P/E ratio of -44.28 and a beta of 2.13.

Exp World (NASDAQ:EXPI) last issued its earnings results on Tuesday, February 24th. The technology company reported ($0.08) earnings per share (EPS) 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 company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the business posted ($0.06) earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities research analysts expect that Exp World will post 0.48 earnings per share for the current year.

Institutional Investors Weigh In On Exp World

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Exp World by 13.1% in the third quarter. Vanguard Group Inc. now owns 13,422,528 shares of the technology company’s stock valued at $143,084,000 after buying an additional 1,557,600 shares during the last quarter. Bank of America Corp DE boosted its position in Exp World by 73.3% during the second quarter. Bank of America Corp DE now owns 3,289,449 shares of the technology company’s stock worth $29,934,000 after acquiring an additional 1,391,582 shares during the last quarter. UBS Group AG grew its stake in Exp World by 81.7% in the 4th quarter. UBS Group AG now owns 1,778,193 shares of the technology company’s stock worth $16,093,000 after acquiring an additional 799,587 shares during the period. Millennium Management LLC raised its holdings in Exp World by 126.7% in the 1st quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock valued at $8,856,000 after acquiring an additional 506,121 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in Exp World by 55.8% in the 2nd quarter. Invesco Ltd. now owns 1,178,065 shares of the technology company’s stock valued at $10,720,000 after acquiring an additional 421,740 shares during the last quarter. 27.17% of the stock is currently owned by hedge funds and other 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.