Zhen Qin Sells 625,000 Shares of Linkhome (NASDAQ:LHAI) Stock

Linkhome Holdings Inc. (NASDAQ:LHAI) CEO Zhen Qin sold 625,000 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $0.80, for a total transaction of $500,000.00. Following the completion of the transaction, the chief executive officer directly owned 3,820,000 shares in the company, valued at $3,056,000. This represents a 14.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Zhen Qin also recently made the following trade(s):

• On Friday, July 31st, Zhen Qin sold 625,000 shares of Linkhome stock. The stock was sold at an average price of $0.80, for a total transaction of $500,000.00.

Linkhome Stock Down 2.7%

Shares of NASDAQ:LHAI opened at $0.82 on Friday. Linkhome Holdings Inc. has a fifty-two week low of $0.53 and a fifty-two week high of $15.66. The firm’s 50-day simple moving average is $0.98 and its 200-day simple moving average is $1.18. The company has a market cap of $13.34 million and a price-to-earnings ratio of -41.10.

Linkhome (NASDAQ:LHAI) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $4.91 million for the quarter. Linkhome had a negative return on equity of 7.17% and a negative net margin of 2.21%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Citadel Advisors LLC acquired a new stake in shares of Linkhome during the 3rd quarter valued at approximately $120,000. Millennium Management LLC acquired a new stake in shares of Linkhome in the 3rd quarter worth approximately $268,000. Goldman Sachs Group Inc. purchased a new position in Linkhome in the 4th quarter valued at approximately $101,000. Cerity Partners LLC acquired a new position in Linkhome during the fourth quarter worth $91,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Linkhome during the fourth quarter worth $175,000.

About Linkhome

Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.