Exp World (NASDAQ:EXPI) Now Covered by Analysts at Zelman & Associates

Zelman & Associates assumed coverage on shares of Exp World (NASDAQ:EXPI) in a research report report published on Friday morning,Benzinga reports. The brokerage issued an underperform rating and a $4.75 price objective on the technology company’s stock.

EXPI has been the subject of a number of other research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Exp World in a research report on Monday, December 29th. Zacks Research raised shares of Exp World from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 6th. Finally, DA Davidson set a $11.00 price objective on shares of Exp World in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, Exp World has an average rating of “Reduce” and a consensus target price of $7.88.

Exp World Trading Down 4.7%

EXPI stock opened at $5.91 on Friday. The company has a market cap of $956.77 million, a PE ratio of -42.21 and a beta of 2.13. The stock has a 50-day moving average price of $7.80 and a two-hundred day moving average price of $9.62. Exp World has a 12-month low of $5.66 and a 12-month high of $12.23.

Exp World (NASDAQ:EXPI) last released its quarterly earnings data on Tuesday, February 24th. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.05). The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Exp World had a negative return on equity of 10.00% and a negative net margin of 0.48%.The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.06) earnings per share. Equities analysts forecast that Exp World will post 0.48 EPS for the current fiscal year.

Exp World Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Monday, March 9th will be paid a $0.05 dividend. The ex-dividend date is Monday, March 9th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.4%. Exp World’s dividend payout ratio (DPR) is -142.86%.

Hedge Funds Weigh In On Exp World

Several hedge funds and other institutional investors have recently bought and sold shares of EXPI. Root Financial Partners LLC acquired a new position in shares of Exp World in the 4th quarter valued at approximately $25,000. PNC Financial Services Group Inc. grew its position in shares of Exp World by 139.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,429 shares of the technology company’s stock worth $31,000 after buying an additional 1,998 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new stake in shares of Exp World during the fourth quarter worth approximately $37,000. Jones Financial Companies Lllp increased its stake in shares of Exp World by 73.4% in the third quarter. Jones Financial Companies Lllp now owns 3,582 shares of the technology company’s stock worth $40,000 after buying an additional 1,516 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its stake in shares of Exp World by 41.2% in the first quarter. Geneos Wealth Management Inc. now owns 6,365 shares of the technology company’s stock worth $62,000 after buying an additional 1,856 shares during the last quarter. 27.17% of the stock is owned by institutional investors and hedge funds.

Exp World Company Profile

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.