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 research report sent to investors on Thursday morning, Benzinga reports. The brokerage currently has a $11.75 price objective on the technology company’s stock.

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

eXp World Price Performance

NASDAQ EXPI traded up $0.37 during mid-day trading on Thursday, reaching $11.62. 1,462,514 shares of the stock were exchanged, compared to its average volume of 1,125,558. The stock has a market cap of $1.80 billion, a P/E ratio of -68.35 and a beta of 2.29. eXp World has a one year low of $8.91 and a one year high of $25.39. The stock has a 50 day simple moving average of $10.72 and a 200-day simple moving average of $12.51.

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

eXp World Dividend Announcement

The company 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 $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date is Friday, May 10th. eXp World’s payout ratio is -117.65%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised 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 worth $31,000 after purchasing an additional 1,540 shares during the period. Scarborough Advisors LLC acquired a new position in eXp World during the fourth quarter worth $31,000. Pineridge Advisors LLC bought a new position in shares of eXp World in the fourth quarter valued at $33,000. Blue Trust Inc. grew its holdings in shares of eXp World by 201.3% during the fourth quarter. Blue Trust Inc. now owns 2,926 shares of the technology company’s stock valued at $48,000 after buying an additional 1,955 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of eXp World in the fourth quarter worth approximately $48,000. Institutional investors own 27.17% of the company’s stock.

eXp World Company Profile

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.