eXp World (NASDAQ:EXPI) Price Target Cut to $11.75

eXp World (NASDAQ:EXPI) had its target price lowered by investment analysts at DA Davidson from $13.00 to $11.75 in a report released on Thursday, Benzinga reports. The brokerage currently has an “underperform” rating on the technology company’s stock. DA Davidson’s price objective would indicate a potential upside of 16.11% from the stock’s previous close.

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

eXp World Stock Up 1.5 %

Shares of eXp World stock opened at $10.12 on Thursday. The company has a market cap of $1.54 billion, a PE ratio of -168.67 and a beta of 2.29. The business has a 50 day moving average of $10.78 and a 200 day moving average of $12.65. eXp World has a 52 week low of $8.91 and a 52 week high of $25.39.

eXp World (NASDAQ:EXPI) last announced 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 business had revenue of $983.05 million for the quarter, compared to the consensus estimate of $944.40 million. eXp World had a negative net margin of 0.21% and a positive return on equity of 0.09%. On average, research analysts anticipate that eXp World will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On eXp World

A number of institutional investors have recently modified their holdings of the stock. Stratos Wealth Partners LTD. grew its stake in shares of eXp World by 6.7% in the fourth quarter. Stratos Wealth Partners LTD. now owns 14,738 shares of the technology company’s stock worth $229,000 after acquiring an additional 923 shares during the last quarter. Arizona State Retirement System grew its stake in shares of eXp World by 4.5% in the third quarter. Arizona State Retirement System now owns 21,845 shares of the technology company’s stock worth $355,000 after acquiring an additional 945 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of eXp World by 2.1% in the fourth quarter. SG Americas Securities LLC now owns 51,496 shares of the technology company’s stock worth $799,000 after acquiring an additional 1,082 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of eXp World by 28.9% in the third quarter. Exchange Traded Concepts LLC now owns 5,154 shares of the technology company’s stock worth $84,000 after acquiring an additional 1,156 shares during the last quarter. Finally, SRS Capital Advisors Inc. boosted its position in shares of eXp World by 354.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock valued at $31,000 after buying an additional 1,540 shares during the last quarter. 27.17% of the stock is owned by hedge funds and other 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.