Leju Holdings Limited (LEJU) Raised to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Leju Holdings Limited (NYSE:LEJU) from a strong sell rating to a hold rating in a report released on Wednesday.
According to Zacks, “Leju Holdings Limited is an online-to-offline, or O2O, real estate services provider in China. It offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites and various mobile applications. The Company also operates various real estate and home furnishing websites. Leju Holdings Limited is headquartered in Beijing, the People’s Republic of China. “
LEJU has been the subject of a number of other reports. ValuEngine upgraded shares of Leju Holdings Limited from a strong sell rating to a sell rating in a research note on Friday, September 1st. BidaskClub upgraded shares of Leju Holdings Limited from a sell rating to a hold rating in a research note on Sunday, September 24th. Four analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The stock currently has a consensus rating of Sell and a consensus price target of $2.10.
Leju Holdings Limited (NYSE:LEJU) opened at $1.48 on Wednesday.
Leju Holdings Limited (NYSE:LEJU) last released its earnings results on Thursday, August 31st. The financial services provider reported ($0.64) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 31.88% and a negative net margin of 27.57%. Leju Holdings Limited’s revenue for the quarter was down 41.4% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. analysts anticipate that Leju Holdings Limited will post -0.9 EPS for the current fiscal year.
A hedge fund recently raised its stake in Leju Holdings Limited stock. Renaissance Technologies LLC grew its stake in shares of Leju Holdings Limited (NYSE:LEJU) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 331,300 shares of the financial services provider’s stock after acquiring an additional 21,300 shares during the period. Renaissance Technologies LLC owned 0.18% of Leju Holdings Limited worth $1,136,000 at the end of the most recent quarter. Institutional investors and hedge funds own 4.44% of the company’s stock.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Stock Ratings for Leju Holdings Limited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Leju Holdings Limited and related stocks with our FREE daily email newsletter.