Zacks Investment Research upgraded shares of eXp World (NASDAQ:EXPI) from a hold rating to a buy rating in a research note issued to investors on Wednesday, Zacks.com reports. Zacks Investment Research currently has $12.00 price target on the technology company’s stock.

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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Buy and an average price target of $17.33.

EXPI stock opened at $10.58 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 1.65. eXp World has a 52 week low of $6.61 and a 52 week high of $19.72. The firm’s fifty day simple moving average is $10.77. The company has a market cap of $657.48 million, a price-to-earnings ratio of -27.13 and a beta of 4.31.

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

In related news, insider Alan M. Goldman sold 8,333 shares of eXp World stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $10.35, for a total transaction of $86,246.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott Petronis sold 5,000 shares of eXp World stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 345,546 shares of company stock valued at $3,812,359. 43.57% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can bought a new stake in shares of eXp World in the fourth quarter worth approximately $36,000. Bank of New York Mellon Corp raised its stake in eXp World by 4.4% during the fourth quarter. Bank of New York Mellon Corp now owns 23,452 shares of the technology company’s stock valued at $166,000 after purchasing an additional 993 shares in the last quarter. Jane Street Group LLC raised its stake in eXp World by 10.2% during the fourth quarter. Jane Street Group LLC now owns 25,701 shares of the technology company’s stock valued at $182,000 after purchasing an additional 2,384 shares in the last quarter. Raymond James Financial Services Advisors Inc. purchased a new stake in eXp World during the fourth quarter valued at $188,000. Finally, Mesirow Financial Investment Management Inc. raised its stake in eXp World by 46.8% during the first quarter. Mesirow Financial Investment Management Inc. now owns 32,462 shares of the technology company’s stock valued at $353,000 after purchasing an additional 10,348 shares in the last quarter. 6.05% of the stock is owned by institutional investors.

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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