eXp World (NASDAQ:EXPI) Price Target Cut to $11.75 by Analysts at DA Davidson

eXp World (NASDAQ:EXPI) had its target price decreased by DA Davidson from $13.00 to $11.75 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “underperform” rating on the technology company’s stock. DA Davidson’s price objective indicates a potential upside of 17.85% from the company’s previous close.

Separately, TheStreet cut eXp World from a “c-” rating to a “d” rating in a report on Monday, March 4th.

eXp World Trading Down 3.6 %

EXPI traded down $0.37 on Thursday, reaching $9.97. The stock had a trading volume of 905,544 shares, compared to its average volume of 1,074,813. The business’s 50-day moving average price is $10.86 and its two-hundred day moving average price is $12.70. eXp World has a 12-month low of $8.91 and a 12-month high of $25.39. The company has a market cap of $1.51 billion, a P/E ratio of -166.17 and a beta of 2.29.

eXp World (NASDAQ:EXPI) last posted its earnings results on Thursday, February 22nd. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.06). The company had revenue of $983.05 million during the quarter, compared to analyst estimates of $944.40 million. eXp World had a negative net margin of 0.21% and a positive return on equity of 0.09%. As a group, analysts predict that eXp World will post 0.22 earnings per share for the current year.

Institutional Trading of eXp World

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. SRS Capital Advisors Inc. increased its position in eXp World by 354.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock worth $31,000 after buying an additional 1,540 shares during the period. Scarborough Advisors LLC purchased a new stake in eXp World in the 4th quarter valued at $31,000. Pineridge Advisors LLC acquired a new stake in eXp World during the 4th quarter worth $33,000. Blue Trust Inc. increased its position in eXp World by 201.3% in the 4th quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock valued at $48,000 after acquiring an additional 1,955 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in eXp World during the 4th quarter valued at approximately $48,000. Institutional investors and hedge funds own 27.17% of the company’s stock.

About eXp World

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.