Zacks Investment Research Lowers eXp World (EXPI) to Hold
eXp World (NASDAQ:EXPI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Tuesday.
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, Stephens started coverage on eXp World in a report on Tuesday, July 31st. They set an “overweight” rating and a $20.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $15.90.
eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Monday, August 13th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. eXp World had a negative return on equity of 434.65% and a negative net margin of 11.13%. The business had revenue of $130.54 million for the quarter, compared to the consensus estimate of $111.38 million. On average, equities research analysts anticipate that eXp World will post -0.37 EPS for the current year.
In other eXp World news, CEO Jason Gesing sold 5,601 shares of the business’s stock in a transaction dated Monday, August 6th. The stock was sold at an average price of $15.01, for a total value of $84,071.01. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Richard Stanwood Miller sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $19.13, for a total value of $191,300.00. The disclosure for this sale can be found here. Insiders sold 131,201 shares of company stock worth $2,157,354 in the last 90 days. Corporate insiders own 49.56% of the company’s stock.
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; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.
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