eXp World Holdings Inc (EXPI) Receives $16.87 Consensus Price Target from Analysts

Shares of eXp World Holdings Inc (NASDAQ:EXPI) have earned a consensus rating of “Buy” from the six analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $16.87.

A number of brokerages have recently commented on EXPI. Zacks Investment Research upgraded eXp World from a “sell” rating to a “hold” rating in a report on Monday, November 26th. DA Davidson cut their price target on eXp World to $20.00 and set a “buy” rating for the company in a report on Wednesday, November 14th.

Shares of EXPI stock traded down $0.41 during trading hours on Monday, reaching $9.61. 156,568 shares of the company’s stock were exchanged, compared to its average volume of 134,151. eXp World has a fifty-two week low of $7.03 and a fifty-two week high of $19.72.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Tuesday, November 13th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). eXp World had a negative return on equity of 238.59% and a negative net margin of 7.29%. The business had revenue of $157.20 million for the quarter, compared to analyst estimates of $134.56 million. The company’s revenue was up 231.6% compared to the same quarter last year. Equities analysts anticipate that eXp World will post -0.4 earnings per share for the current fiscal year.

In other news, Director Randall D. Miles sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $16.39, for a total transaction of $327,800.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Richard Stanwood Miller sold 10,000 shares of the business’s stock in a transaction that occurred on 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. Over the last 90 days, insiders have sold 68,077 shares of company stock worth $1,119,400. 47.20% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in EXPI. D.A. Davidson & CO. bought a new stake in shares of eXp World during the third quarter valued at approximately $248,000. GSA Capital Partners LLP bought a new stake in shares of eXp World during the third quarter valued at approximately $358,000. Engineers Gate Manager LP bought a new stake in shares of eXp World during the third quarter valued at approximately $369,000. Bank of New York Mellon Corp bought a new stake in shares of eXp World during the third quarter valued at approximately $413,000. Finally, Jane Street Group LLC bought a new stake in shares of eXp World during the third quarter valued at approximately $429,000. Institutional investors and hedge funds own 4.53% 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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