eXp World (NASDAQ:EXPI) Receives Underperform Rating from DA Davidson

DA Davidson reissued their underperform rating on shares of eXp World (NASDAQ:EXPI) in a report issued on Thursday, Benzinga reports. The brokerage currently has a $11.75 price objective on the technology company’s stock.

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

eXp World Stock Up 3.3 %

Shares of EXPI stock opened at $11.62 on Thursday. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of -68.35 and a beta of 2.29. eXp World has a 12 month low of $8.91 and a 12 month high of $25.39. The stock has a 50-day moving average price of $10.72 and a 200 day moving average price of $12.49.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. The company had revenue of $943.10 million during the quarter, compared to analysts’ expectations of $893.24 million. eXp World had a negative net margin of 0.60% and a negative return on equity of 1.50%. eXp World’s revenue was up 11.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.01 EPS. Sell-side analysts predict that eXp World will post 0.22 earnings per share for the current fiscal year.

eXp World Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 27th. Investors of record on Monday, May 13th will be given a dividend of $0.05 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $0.20 annualized dividend and a yield of 1.72%. eXp World’s dividend payout ratio is presently -117.64%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. SRS Capital Advisors Inc. grew its position in eXp World by 354.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,974 shares of the technology company’s stock valued at $31,000 after purchasing an additional 1,540 shares during the period. Scarborough Advisors LLC purchased a new position in eXp World in the fourth quarter valued at about $31,000. Pineridge Advisors LLC bought a new position in eXp World during the fourth quarter worth about $33,000. Blue Trust Inc. boosted its holdings in eXp World by 201.3% in the 4th quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock worth $48,000 after buying an additional 1,955 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of eXp World during the 4th quarter valued at $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.