eXp World Holdings Inc (NASDAQ:EXPI) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totalling 3,108,700 shares, an increase of 7.2% from the May 15th total of 2,899,400 shares. Based on an average daily volume of 171,900 shares, the short-interest ratio is presently 18.1 days. Currently, 13.2% of the company’s shares are short sold.
Several equities analysts recently issued reports on the stock. William Blair restated an “outperform” rating on shares of eXp World in a report on Monday, March 18th. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $17.33.
In related news, Director Randall D. Miles sold 15,000 shares of the business’s stock in a transaction on Friday, July 5th. The shares were sold at an average price of $10.34, for a total value of $155,100.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Scott Petronis sold 5,000 shares of the business’s stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $10.00, for a total transaction of $50,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 345,546 shares of company stock worth $3,812,359. 43.57% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its holdings in shares of eXp World by 4.4% in the fourth quarter. Bank of New York Mellon Corp now owns 23,452 shares of the technology company’s stock valued at $166,000 after purchasing an additional 993 shares during the period. Jane Street Group LLC grew its holdings in eXp World by 10.2% during the fourth quarter. Jane Street Group LLC now owns 25,701 shares of the technology company’s stock worth $182,000 after acquiring an additional 2,384 shares during the period. OmniStar Financial Group Inc. grew its holdings in eXp World by 18.3% during the fourth quarter. OmniStar Financial Group Inc. now owns 19,994 shares of the technology company’s stock worth $142,000 after acquiring an additional 3,088 shares during the period. Great West Life Assurance Co. Can acquired a new position in eXp World during the fourth quarter worth $36,000. Finally, Mesirow Financial Investment Management Inc. grew its holdings in eXp World by 46.8% during the first quarter. Mesirow Financial Investment Management Inc. now owns 32,462 shares of the technology company’s stock worth $353,000 after acquiring an additional 10,348 shares during the period. 6.05% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:EXPI traded down $0.08 during midday trading on Friday, hitting $10.58. 130,972 shares of the company’s stock were exchanged, compared to its average volume of 274,483. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.65 and a quick ratio of 1.65. The business’s 50 day moving average price is $10.77. eXp World has a 12 month low of $6.61 and a 12 month high of $19.72.
eXp World (NASDAQ:EXPI) last posted its earnings results on Thursday, May 9th. The technology company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.11) by $0.01. The company had revenue of $157.00 million during the quarter, compared to the consensus estimate of $144.00 million. eXp World had a negative net margin of 3.03% and a negative return on equity of 72.09%. eXp World’s revenue was up 153.2% on a year-over-year basis. On average, equities research analysts expect that eXp World will post -0.17 earnings per share for the current fiscal year.
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, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.
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