Today: Fundamental Research Increases eXp World Holdings Inc (EXPI) Price Target to $6.78

Today: Fundamental Research Increases eXp World Holdings Inc (EXPI) Price Target to $6.78

eXp World Holdings Inc (NASDAQ:EXPI) had its price objective increased by equities research analysts at Fundamental Research from $4.06 to $6.78 in a research note issued on Monday. The firm presently has a “top pick” rating on the stock. Fundamental Research’s target price would suggest a potential upside of 64.56% from the company’s current price.

The analysts wrote, “eXp World Holdings, Inc. (OTCQB: EXPI): Agent count continues to grow rapidly; Raising valuation”

eXp World Holdings (NASDAQ:EXPI) traded down 0.24% during midday trading on Monday, hitting $4.08. 9,678 shares of the stock traded hands. The company’s 50 day moving average price is $0.71 and its 200 day moving average price is $0.83. eXp World Holdings has a 12 month low of $0.61 and a 12 month high of $5.84. The firm’s market cap is $209.59 million.

In related news, CEO Glenn Darrel Sanford sold 144,584 shares of the stock in a transaction that occurred on Thursday, September 22nd. The shares were sold at an average price of $2.40, for a total value of $347,001.60. Following the transaction, the chief executive officer now owns 21,178,952 shares in the company, valued at approximately $50,829,484.80. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Jason Gesing sold 50,000 shares of the stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $3.53, for a total transaction of $176,500.00. Following the completion of the transaction, the director now owns 249,937 shares in the company, valued at approximately $882,277.61. The disclosure for this sale can be found here.

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