Exp World (NASDAQ:EXPI) Issues Quarterly Earnings Results

Exp World (NASDAQ:EXPI) released its quarterly earnings data on Tuesday. The technology company reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.05), FiscalAI reports. Exp World had a negative return on equity of 6.61% and a negative net margin of 0.41%.The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion.

Exp World Price Performance

NASDAQ EXPI traded up $0.18 during trading hours on Tuesday, reaching $7.47. 1,464,033 shares of the stock traded hands, compared to its average volume of 975,038. The stock has a 50 day simple moving average of $8.94 and a two-hundred day simple moving average of $10.14. Exp World has a 1 year low of $6.90 and a 1 year high of $12.23. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -62.24 and a beta of 2.12.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Zacks Research upgraded Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Exp World in a report on Monday, December 29th. Finally, DA Davidson lowered their price target on shares of Exp World from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Friday. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Exp World currently has a consensus rating of “Hold” and a consensus price target of $11.50.

Insider Activity at Exp World

In other news, Director Randall D. Miles sold 10,000 shares of the business’s stock in a transaction dated Monday, December 1st. The stock was sold at an average price of $11.20, for a total value of $112,000.00. Following the completion of the sale, the director owned 487,190 shares of the company’s stock, valued at approximately $5,456,528. The trade was a 2.01% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 27.96% of the company’s stock.

Institutional Trading of Exp World

Several hedge funds and other institutional investors have recently bought and sold shares of EXPI. Royal Bank of Canada lifted its stake in shares of Exp World by 14.0% in the 1st quarter. Royal Bank of Canada now owns 212,604 shares of the technology company’s stock valued at $2,079,000 after purchasing an additional 26,118 shares during the period. AQR Capital Management LLC purchased a new position in Exp World during the first quarter valued at $180,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Exp World by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 48,677 shares of the technology company’s stock worth $476,000 after buying an additional 2,042 shares during the period. Millennium Management LLC increased its stake in shares of Exp World by 126.7% in the 1st quarter. Millennium Management LLC now owns 905,523 shares of the technology company’s stock worth $8,856,000 after acquiring an additional 506,121 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of Exp World by 21.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 622,336 shares of the technology company’s stock worth $6,086,000 after acquiring an additional 109,995 shares in the last quarter. Institutional investors own 27.17% of the company’s stock.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.