eXp World (NASDAQ:EXPI) Receives “Neutral” Rating from DA Davidson

eXp World (NASDAQ:EXPI)‘s stock had its “neutral” rating restated by equities research analysts at DA Davidson in a research report issued on Friday,Benzinga reports. They presently have a $13.50 target price on the technology company’s stock. DA Davidson’s price target would indicate a potential upside of 30.06% from the company’s previous close.

eXp World Stock Performance

EXPI traded down $0.96 during midday trading on Friday, reaching $10.38. 739,652 shares of the company were exchanged, compared to its average volume of 863,510. eXp World has a one year low of $8.91 and a one year high of $15.39. The stock has a market capitalization of $1.59 billion, a P/E ratio of -47.23 and a beta of 2.29. The stock’s 50-day simple moving average is $11.40 and its 200 day simple moving average is $12.56.

eXp World (NASDAQ:EXPI) last issued its earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.03. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. eXp World had a positive return on equity of 2.27% and a negative net margin of 0.74%. On average, research analysts anticipate that eXp World will post 0.08 earnings per share for the current year.

Insider Activity at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.41, for a total transaction of $720,500.00. Following the transaction, the chief executive officer now owns 40,389,080 shares of the company’s stock, valued at $582,006,642.80. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 411,511 shares of company stock valued at $5,086,061. 35.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of eXp World by 13.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 184,485 shares of the technology company’s stock worth $2,123,000 after purchasing an additional 21,461 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of eXp World by 22.2% during the 4th quarter. Squarepoint Ops LLC now owns 28,746 shares of the technology company’s stock worth $331,000 after acquiring an additional 5,215 shares during the period. Two Sigma Advisers LP boosted its stake in shares of eXp World by 4.6% during the 4th quarter. Two Sigma Advisers LP now owns 66,400 shares of the technology company’s stock worth $764,000 after acquiring an additional 2,900 shares during the period. State of Wyoming boosted its stake in shares of eXp World by 79.4% during the 4th quarter. State of Wyoming now owns 44,517 shares of the technology company’s stock worth $512,000 after acquiring an additional 19,699 shares during the period. Finally, Snowden Capital Advisors LLC boosted its stake in shares of eXp World by 10.1% during the 4th quarter. Snowden Capital Advisors LLC now owns 25,976 shares of the technology company’s stock worth $299,000 after acquiring an additional 2,381 shares during the period. Institutional investors and hedge funds own 27.17% of the company’s stock.

About eXp World

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.