eXp World Holdings, Inc. (NASDAQ:EXPI) has been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $59.50.
Several research firms recently issued reports on EXPI. Berenberg Bank began coverage on eXp World in a report on Wednesday, July 21st. They issued a “buy” rating and a $53.00 price objective on the stock. UBS Group reiterated a “sell” rating on shares of eXp World in a report on Tuesday, September 14th. Zacks Investment Research cut eXp World from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 6th. TheStreet upgraded eXp World from a “c” rating to a “b” rating in a report on Wednesday, August 18th. Finally, DA Davidson lifted their price objective on eXp World from $62.00 to $66.00 and gave the stock a “buy” rating in a report on Thursday, August 5th.
Shares of NASDAQ:EXPI traded up $1.60 during trading on Friday, reaching $47.50. 26,091 shares of the company’s stock traded hands, compared to its average volume of 1,163,390. eXp World has a fifty-two week low of $20.01 and a fifty-two week high of $90.00. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 0.01. The firm has a market cap of $6.95 billion, a PE ratio of 103.48 and a beta of 3.01. The company has a 50-day simple moving average of $45.54 and a 200-day simple moving average of $39.04.
The firm also recently announced a — dividend, which was paid on Monday, August 30th. Shareholders of record on Monday, August 16th were paid a $0.04 dividend. The ex-dividend date of this dividend was Friday, August 13th. eXp World’s dividend payout ratio (DPR) is 19.05%.
In other news, CEO Jason Gesing sold 40,000 shares of eXp World stock in a transaction that occurred on Tuesday, August 10th. The shares were sold at an average price of $51.25, for a total transaction of $2,050,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Randall D. Miles sold 15,000 shares of eXp World stock in a transaction that occurred on Wednesday, August 4th. The shares were sold at an average price of $45.79, for a total transaction of $686,850.00. The disclosure for this sale can be found here. Insiders sold a total of 403,700 shares of company stock worth $17,976,930 over the last three months. Corporate insiders own 35.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Scout Investments Inc. raised its position in eXp World by 23.5% in the third quarter. Scout Investments Inc. now owns 722,055 shares of the technology company’s stock valued at $28,716,000 after purchasing an additional 137,624 shares during the period. Virtu Financial LLC acquired a new position in shares of eXp World in the second quarter worth $298,000. Newport Wealth Strategies Inc. grew its stake in shares of eXp World by 2.2% in the second quarter. Newport Wealth Strategies Inc. now owns 59,702 shares of the technology company’s stock worth $2,315,000 after acquiring an additional 1,280 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of eXp World by 34.3% in the second quarter. Parametric Portfolio Associates LLC now owns 53,785 shares of the technology company’s stock worth $2,085,000 after acquiring an additional 13,740 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of eXp World by 25.0% in the second quarter. Morgan Stanley now owns 648,029 shares of the technology company’s stock worth $25,124,000 after acquiring an additional 129,780 shares in the last quarter. 20.98% of the stock is currently owned by institutional investors.
About eXp World
eXp World Holdings, Inc operates as a cloud-based real estate brokerage firm. It focuses on the development and use of cloud-based technologies in order to grow an international brokerage without the burden of physical brick and mortar offices and redundant staffing costs. The firm offers software subscriptions to customers to access its virtual reality software platform through VirBELA.
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