DA Davidson Reiterates Neutral Rating for eXp World (NASDAQ:EXPI)

eXp World (NASDAQ:EXPI)‘s stock had its “neutral” rating reaffirmed by DA Davidson in a research report issued on Friday,Benzinga reports. They currently have a $13.50 target price on the technology company’s stock. DA Davidson’s target price indicates a potential upside of 31.58% from the company’s current price.

eXp World Price Performance

Shares of EXPI stock opened at $10.26 on Friday. The firm has a market cap of $1.58 billion, a P/E ratio of -73.28 and a beta of 2.29. eXp World has a 1-year low of $8.91 and a 1-year high of $15.39. The firm has a fifty day moving average of $11.34 and a two-hundred day moving average of $12.55.

eXp World (NASDAQ:EXPI) last announced its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. The company had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. On average, sell-side analysts expect that eXp World will post 0.48 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Glenn Darrel Sanford sold 49,881 shares of the firm’s stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $13.87, for a total value of $691,849.47. Following the transaction, the chief executive officer now directly owns 40,339,199 shares in the company, valued at approximately $559,504,690.13. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 411,511 shares of company stock valued at $5,086,061 in the last ninety days. Corporate insiders own 35.70% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EXPI. Pacer Advisors Inc. bought a new position in shares of eXp World in the 4th quarter worth about $60,767,000. Baring Financial LLC bought a new position in shares of eXp World in the 4th quarter worth about $5,222,000. Vanguard Group Inc. lifted its position in shares of eXp World by 1.7% in the 4th quarter. Vanguard Group Inc. now owns 12,235,835 shares of the technology company’s stock worth $140,834,000 after buying an additional 208,920 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of eXp World by 39.7% in the 4th quarter. JPMorgan Chase & Co. now owns 727,096 shares of the technology company’s stock worth $8,369,000 after buying an additional 206,677 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in eXp World by 16.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,288,349 shares of the technology company’s stock valued at $18,153,000 after purchasing an additional 183,823 shares during the last quarter. 27.17% of the stock is currently owned by institutional investors.

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.