eXp World (NASDAQ:EXPI) announced its quarterly earnings results on Thursday, May 9th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.11) by $0.01, Briefing.com reports. The business had revenue of $157.00 million during the quarter, compared to the consensus estimate of $144.00 million. eXp World had a negative net margin of 3.03% and a negative return on equity of 72.09%. The business’s quarterly revenue was up 153.2% compared to the same quarter last year.
Shares of EXPI stock opened at $10.20 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. eXp World has a 52 week low of $6.61 and a 52 week high of $19.72.
EXPI has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of eXp World from a “sell” rating to a “hold” rating in a research report on Tuesday. William Blair reaffirmed an “outperform” rating on shares of eXp World in a research report on Monday, March 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $18.67.
A hedge fund recently raised its stake in eXp World stock. Geode Capital Management LLC increased its stake in shares of eXp World Holdings Inc (NASDAQ:EXPI) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,392 shares of the technology company’s stock after acquiring an additional 14,791 shares during the quarter. Geode Capital Management LLC owned about 0.48% of eXp World worth $2,077,000 at the end of the most recent quarter. 6.05% of the stock is currently owned by hedge funds and other institutional investors.
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About eXp World
eXp World Holdings, Inc provides cloud-based real estate brokerage services for residential real estate market in the United States and Canada. The company facilitates buyers to search real-time property listings and sellers to list their properties through its Website, exprealty.com; and provides buyers and sellers access to a network of professional, consumer-centric agents, and brokers.
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