DA Davidson Lowers eXp World (NASDAQ:EXPI) Price Target to $11.75

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

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

eXp World Stock Performance

eXp World stock opened at $10.12 on Thursday. The business’s 50-day simple moving average is $10.78 and its two-hundred day simple moving average is $12.65. The company has a market cap of $1.54 billion, a PE ratio of -168.67 and a beta of 2.29. eXp World has a fifty-two week low of $8.91 and a fifty-two week high of $25.39.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings results on Thursday, February 22nd. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.06). The firm had revenue of $983.05 million for the quarter, compared to analysts’ expectations of $944.40 million. eXp World had a negative net margin of 0.21% and a positive return on equity of 0.09%. As a group, analysts predict that eXp World will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On eXp World

Several institutional investors and hedge funds have recently modified their holdings of EXPI. Norges Bank acquired a new position in shares of eXp World in the 4th quarter valued at about $7,141,000. Qube Research & Technologies Ltd lifted its holdings in shares of eXp World by 861.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 291,809 shares of the technology company’s stock valued at $4,739,000 after buying an additional 261,466 shares during the period. Copeland Capital Management LLC lifted its holdings in shares of eXp World by 6.4% in the 4th quarter. Copeland Capital Management LLC now owns 3,866,710 shares of the technology company’s stock valued at $60,011,000 after buying an additional 232,321 shares during the period. Wellington Management Group LLP acquired a new position in shares of eXp World in the 3rd quarter valued at about $3,771,000. Finally, Lazard Asset Management LLC lifted its holdings in shares of eXp World by 13,021.4% in the 3rd quarter. Lazard Asset Management LLC now owns 188,030 shares of the technology company’s stock valued at $3,052,000 after buying an additional 186,597 shares during the period. Institutional investors and hedge funds 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.