Leju Holdings Limited (LEJU) Rating Increased to Hold at BidaskClub
Leju Holdings Limited (NYSE:LEJU) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Wednesday.
Other equities research analysts also recently issued research reports about the company. J P Morgan Chase & Co downgraded Leju Holdings Limited from a “neutral” rating to an “underweight” rating and dropped their target price for the stock from $3.80 to $2.10 in a research report on Thursday, June 22nd. ValuEngine upgraded Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded Leju Holdings Limited from a “sell” rating to a “hold” rating in a research report on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The company presently has an average rating of “Sell” and an average price target of $2.10.
Shares of Leju Holdings Limited (LEJU) traded down 4.60% on Wednesday, hitting $1.66. The stock had a trading volume of 238,017 shares. The company’s market cap is $308.76 million. The firm has a 50 day moving average price of $1.59 and a 200-day moving average price of $2.65. Leju Holdings Limited has a 52 week low of $1.28 and a 52 week high of $5.47.
Leju Holdings Limited (NYSE:LEJU) last released its earnings results on Thursday, August 31st. The financial services provider reported ($0.64) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by $0.48. The firm had revenue of $92.70 million for the quarter, compared to the consensus estimate of $78.58 million. Leju Holdings Limited had a negative return on equity of 29.69% and a negative net margin of 27.57%. The company’s revenue was down 41.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. Analysts anticipate that Leju Holdings Limited will post ($0.07) EPS for the current year.
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A hedge fund recently raised its stake in Leju Holdings Limited stock. Freestone Capital Holdings LLC raised its holdings in Leju Holdings Limited (NYSE:LEJU) by 18.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 950,451 shares of the financial services provider’s stock after acquiring an additional 149,356 shares during the period. Freestone Capital Holdings LLC owned about 0.70% of Leju Holdings Limited worth $1,749,000 as of its most recent filing with the Securities and Exchange Commission. 4.62% of the stock is owned by institutional investors and hedge funds.
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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