Leju Holdings Limited (LEJU) Upgraded to “Sell” by ValuEngine
Leju Holdings Limited (NYSE:LEJU) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.
A number of other equities research analysts have also weighed in on the company. Zacks Investment Research upgraded Leju Holdings Limited from a “sell” rating to a “hold” rating in a research note on Thursday, August 10th. BidaskClub upgraded Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co lowered Leju Holdings Limited from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $3.80 to $2.10 in a research note on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating and one has given a hold rating to the stock. Leju Holdings Limited currently has an average rating of “Sell” and an average target price of $2.10.
Shares of Leju Holdings Limited (NYSE:LEJU) opened at 1.82 on Friday. The stock’s market cap is $338.52 million. The stock’s 50 day moving average is $1.59 and its 200-day moving average is $2.70. Leju Holdings Limited has a one year low of $1.28 and a one year high of $5.47.
Leju Holdings Limited (NYSE:LEJU) last issued its quarterly earnings results on Thursday, August 31st. The financial services provider reported ($0.64) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.48. Leju Holdings Limited had a negative return on equity of 5.42% and a negative net margin of 5.24%. The business had revenue of $92.70 million for the quarter, compared to analysts’ expectations of $78.58 million. During the same quarter in the previous year, the firm posted $0.11 EPS. Leju Holdings Limited’s revenue was down 41.4% on a year-over-year basis. On average, equities analysts forecast that Leju Holdings Limited will post ($0.15) EPS for the current year.
A hedge fund recently raised its stake in Leju Holdings Limited stock. Freestone Capital Holdings LLC boosted its position in shares of Leju Holdings Limited (NYSE:LEJU) by 18.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 950,451 shares of the financial services provider’s stock after buying an additional 149,356 shares during the period. Freestone Capital Holdings LLC owned approximately 0.70% of Leju Holdings Limited worth $1,749,000 as of its most recent SEC filing. 4.62% of the stock is currently owned by institutional investors.
About Leju Holdings Limited
Leju Holdings Limited is an online to offline (O2O), real estate services provider in China. The Company offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites covering over 260 cities and various mobile applications.
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