Linkhome (NASDAQ:LHAI) Announces Quarterly Earnings Results

Linkhome (NASDAQ:LHAI) released its quarterly earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. The business had revenue of $5.41 million during the quarter. Linkhome had a negative net margin of 2.83% and a negative return on equity of 7.89%.

Linkhome Price Performance

Shares of LHAI stock traded down $0.01 during mid-day trading on Friday, hitting $0.80. The stock had a trading volume of 39,788 shares, compared to its average volume of 3,479,504. The firm has a market cap of $12.90 million and a PE ratio of -26.50. The company’s 50-day simple moving average is $0.97 and its 200-day simple moving average is $1.12. Linkhome has a fifty-two week low of $0.53 and a fifty-two week high of $15.66.

Insider Activity

In related news, CEO Zhen Qin sold 625,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $3,056,000. This represents a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 31.24% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Linkhome

Institutional investors have recently added to or reduced their stakes in the business. 683 Capital Management LLC purchased a new position in shares of Linkhome during the 4th quarter worth approximately $573,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Linkhome in the 4th quarter valued at approximately $175,000. Cerity Partners LLC purchased a new stake in shares of Linkhome in the fourth quarter valued at approximately $91,000. Goldman Sachs Group Inc. purchased a new stake in shares of Linkhome in the fourth quarter valued at approximately $101,000. Finally, Millennium Management LLC acquired a new position in Linkhome during the third quarter worth $268,000.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, August 3rd. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.