eXp World (NASDAQ:EXPI) Raised to “Neutral” at BTIG Research

BTIG Research upgraded shares of eXp World (NASDAQ:EXPI) from a sell rating to a neutral rating in a report published on Tuesday morning, Marketbeat Ratings reports.

Separately, DA Davidson reissued a neutral rating and issued a $11.75 price target on shares of eXp World in a research report on Friday, July 12th.

eXp World Stock Performance

EXPI stock opened at $14.64 on Tuesday. eXp World has a fifty-two week low of $8.91 and a fifty-two week high of $25.39. The stock’s 50 day simple moving average is $11.67 and its 200 day simple moving average is $11.61. The company has a market cap of $2.27 billion, a P/E ratio of -86.11 and a beta of 2.34.

eXp World (NASDAQ:EXPI) last released its quarterly earnings data on Wednesday, May 1st. The technology company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $943.10 million for the quarter, compared to analyst estimates of $893.24 million. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. The business’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same period last year, the firm earned $0.01 earnings per share. Equities analysts predict that eXp World will post 0.18 earnings per share for the current year.

eXp World Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, May 27th. Stockholders of record on Monday, May 13th were issued a $0.05 dividend. This represents a $0.20 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, May 10th. eXp World’s dividend payout ratio is presently -117.64%.

Insiders Place Their Bets

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of eXp World stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $10.92, for a total value of $273,000.00. Following the sale, the chief executive officer now owns 41,513,393 shares of the company’s stock, valued at $453,326,251.56. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have sold 294,783 shares of company stock valued at $3,674,740. Insiders own 35.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. SRS Capital Advisors Inc. raised its stake in eXp World by 354.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock valued at $31,000 after acquiring an additional 1,540 shares during the period. Scarborough Advisors LLC bought a new stake in shares of eXp World in the fourth quarter valued at approximately $31,000. Pineridge Advisors LLC purchased a new stake in shares of eXp World during the 4th quarter valued at approximately $33,000. Blue Trust Inc. boosted its holdings in eXp World by 201.3% in the 4th quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock worth $48,000 after buying an additional 1,955 shares during the period. Finally, International Assets Investment Management LLC bought a new position in eXp World in the 4th quarter worth approximately $48,000. Hedge funds and other institutional investors own 27.17% of the company’s stock.

eXp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.