eXp World (NASDAQ:EXPI) Lowered to Hold at ValuEngine

ValuEngine cut shares of eXp World (NASDAQ:EXPI) from a buy rating to a hold rating in a research report sent to investors on Friday morning, ValuEngine reports.

Other equities research analysts have also recently issued reports about the stock. TheStreet cut shares of eXp World from a c- rating to a d rating in a report on Friday, November 22nd. Zacks Investment Research cut shares of eXp World from a strong-buy rating to a hold rating in a report on Tuesday, January 7th.

EXPI stock opened at $11.32 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.87 and a quick ratio of 1.87. eXp World has a 52-week low of $7.79 and a 52-week high of $12.55. The company has a 50-day moving average of $11.25 and a two-hundred day moving average of $9.85. The stock has a market capitalization of $732.29 million, a price-to-earnings ratio of -43.54 and a beta of 4.31.

eXp World (NASDAQ:EXPI) last released its quarterly earnings results on Wednesday, November 6th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.06. eXp World had a negative net margin of 1.81% and a negative return on equity of 42.22%. The company had revenue of $282.18 million during the quarter, compared to analysts’ expectations of $275.83 million. Equities analysts expect that eXp World will post -0.26 EPS for the current fiscal year.

In other eXp World news, Director Richard Stanwood Miller sold 17,500 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were sold at an average price of $9.67, for a total transaction of $169,225.00. Also, CEO Glenn Darrel Sanford sold 13,319 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $11.57, for a total transaction of $154,100.83. Insiders have sold 260,629 shares of company stock valued at $2,684,481 over the last 90 days. Corporate insiders own 41.63% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EXPI. Vanguard Group Inc. lifted its stake in shares of eXp World by 175.7% in the second quarter. Vanguard Group Inc. now owns 2,058,173 shares of the technology company’s stock valued at $22,907,000 after buying an additional 1,311,525 shares during the period. BlackRock Inc. lifted its stake in shares of eXp World by 196.9% in the second quarter. BlackRock Inc. now owns 1,428,018 shares of the technology company’s stock valued at $15,894,000 after buying an additional 946,993 shares during the period. Hennessy Advisors Inc. lifted its stake in shares of eXp World by 233.3% in the third quarter. Hennessy Advisors Inc. now owns 150,000 shares of the technology company’s stock valued at $1,257,000 after buying an additional 105,000 shares during the period. Millennium Management LLC bought a new stake in shares of eXp World in the third quarter valued at about $532,000. Finally, Anchor Capital Advisors LLC bought a new stake in shares of eXp World in the third quarter valued at about $388,000. Institutional investors and hedge funds own 10.47% 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, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.

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