SouFun Holdings Limited (SFUN) Stock Rating Upgraded by BidaskClub
BidaskClub upgraded shares of SouFun Holdings Limited (NYSE:SFUN) from a hold rating to a buy rating in a research report released on Friday.
Other research analysts also recently issued reports about the company. UBS AG downgraded SouFun Holdings Limited from a buy rating to a neutral rating in a research note on Thursday, May 25th. Zacks Investment Research downgraded SouFun Holdings Limited from a hold rating to a sell rating in a research note on Friday, June 23rd. Bank of America Corporation reaffirmed a buy rating and issued a $4.60 target price (down from $5.00) on shares of SouFun Holdings Limited in a research note on Wednesday, June 21st. Finally, T.H. Capital cut their target price on SouFun Holdings Limited from $9.00 to $4.50 and set a buy rating for the company in a research note on Friday, June 16th. Four investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $3.73.
SouFun Holdings Limited (SFUN) opened at 4.12 on Friday. SouFun Holdings Limited has a 1-year low of $2.46 and a 1-year high of $4.63. The stock’s market capitalization is $1.79 billion. The firm’s 50-day moving average is $3.40 and its 200 day moving average is $3.32.
SouFun Holdings Limited (NYSE:SFUN) last posted its quarterly earnings data on Tuesday, August 29th. The information services provider reported ($0.01) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by $0.03. SouFun Holdings Limited had a negative net margin of 4.57% and a negative return on equity of 8.80%. The firm had revenue of $110.09 million during the quarter, compared to analyst estimates of $131.83 million. During the same period in the prior year, the company posted ($0.08) earnings per share. The firm’s revenue for the quarter was down 61.6% compared to the same quarter last year. Equities analysts anticipate that SouFun Holdings Limited will post $0.04 EPS for the current fiscal year.
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Institutional investors and hedge funds have recently modified their holdings of the business. Acrospire Investment Management LLC acquired a new stake in shares of SouFun Holdings Limited in the 1st quarter worth $101,000. Profund Advisors LLC increased its stake in shares of SouFun Holdings Limited by 59.7% in the 1st quarter. Profund Advisors LLC now owns 37,825 shares of the information services provider’s stock worth $123,000 after acquiring an additional 14,134 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of SouFun Holdings Limited by 5.5% in the 2nd quarter. Wells Fargo & Company MN now owns 42,686 shares of the information services provider’s stock worth $158,000 after acquiring an additional 2,223 shares during the last quarter. Intellectus Partners LLC acquired a new stake in shares of SouFun Holdings Limited in the 2nd quarter worth $186,000. Finally, BB&T Securities LLC increased its stake in shares of SouFun Holdings Limited by 445.5% in the 2nd quarter. BB&T Securities LLC now owns 55,847 shares of the information services provider’s stock worth $207,000 after acquiring an additional 45,609 shares during the last quarter. 46.19% of the stock is owned by institutional investors and hedge funds.
SouFun Holdings Limited Company Profile
Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China.
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