eXp World (EXPI) Rating Lowered to Hold at Zacks Investment Research

eXp World (NASDAQ:EXPI) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday.

According to Zacks, “eXp World Holdings, Inc. provides cloud-based real estate brokerage services primarily 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. eXp World Holdings, Inc., formerly known as eXp Realty International Corporation, is based in Bellingham, Washington. “

Separately, Stephens initiated coverage on eXp World in a research report on Tuesday, July 31st. They set an “overweight” rating and a $20.00 price target on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $15.90.

NASDAQ EXPI opened at $12.83 on Tuesday. eXp World has a twelve month low of $3.98 and a twelve month high of $19.72.

eXp World (NASDAQ:EXPI) last released its quarterly earnings results on Monday, August 13th. The technology company reported ($0.03) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.06) by $0.03. eXp World had a negative return on equity of 434.65% and a negative net margin of 11.13%. The business had revenue of $130.54 million for the quarter, compared to the consensus estimate of $111.38 million. As a group, research analysts predict that eXp World will post -0.37 earnings per share for the current year.

In other news, Director Richard Stanwood Miller sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $16.01, for a total transaction of $80,050.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Jason Gesing sold 5,600 shares of the firm’s stock in a transaction dated Monday, October 1st. The shares were sold at an average price of $16.71, for a total value of $93,576.00. The disclosure for this sale can be found here. Insiders have sold 131,201 shares of company stock worth $2,157,354 in the last 90 days. Company insiders own 49.56% 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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