William Blair Reaffirms “Outperform” Rating for eXp World (EXPI)

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William Blair reiterated their outperform rating on shares of eXp World (NASDAQ:EXPI) in a research note published on Monday.

A number of other brokerages have also weighed in on EXPI. Zacks Investment Research lowered eXp World from a hold rating to a sell rating in a research note on Tuesday, February 26th. ValuEngine lowered eXp World from a buy rating to a hold rating in a research note on Monday, January 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $18.67.

NASDAQ:EXPI opened at $11.25 on Monday. eXp World has a 52-week low of $6.61 and a 52-week high of $19.72. The firm has a market cap of $644.88 million, a P/E ratio of -28.85 and a beta of 5.19.

eXp World (NASDAQ:EXPI) last announced its earnings results on Monday, March 18th. The technology company reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.11) by $0.02. The business had revenue of $150.40 million for the quarter, compared to analyst estimates of $145.14 million. eXp World had a negative return on equity of 151.56% and a negative net margin of 4.48%. The firm’s quarterly revenue was up 212.0% compared to the same quarter last year. On average, research analysts anticipate that eXp World will post -0.12 earnings per share for the current year.

In other news, insider Alan M. Goldman sold 8,333 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $10.83, for a total value of $90,246.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Richard Stanwood Miller sold 11,000 shares of the company’s stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $9.95, for a total value of $109,450.00. The disclosure for this sale can be found here. Insiders sold a total of 56,999 shares of company stock worth $597,839 over the last 90 days. Corporate insiders own 47.20% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of EXPI. Vanguard Group Inc purchased a new position in shares of eXp World in the 3rd quarter worth about $16,417,000. Vanguard Group Inc. purchased a new position in shares of eXp World in the 3rd quarter worth about $16,417,000. BlackRock Inc. purchased a new position in shares of eXp World in the 3rd quarter worth about $4,154,000. Park West Asset Management LLC purchased a new position in shares of eXp World in the 4th quarter worth about $1,239,000. Finally, Emerald Mutual Fund Advisers Trust boosted its holdings in shares of eXp World by 49.8% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 521,698 shares of the technology company’s stock worth $3,694,000 after purchasing an additional 173,513 shares in the last quarter. Hedge funds and other institutional investors own 5.19% of the company’s stock.

eXp World Company Profile

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.

Further Reading: Inflation

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