Linkhome (NASDAQ:LHAI) Posts Earnings Results

Linkhome (NASDAQ:LHAI) released its earnings results on Thursday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports. Linkhome had a net margin of 1.07% and a return on equity of 5.24%. The business had revenue of $5.08 million for the quarter.

Linkhome Stock Performance

Shares of LHAI traded down $0.01 during trading hours on Friday, hitting $1.14. The company had a trading volume of 24,188 shares, compared to its average volume of 436,290. The stock has a market capitalization of $18.49 million and a price-to-earnings ratio of 28.38. The firm has a fifty day moving average price of $1.54 and a 200-day moving average price of $7.02. Linkhome has a 52-week low of $1.02 and a 52-week high of $22.33.

Institutional Trading of Linkhome

A number of institutional investors and hedge funds have recently bought and sold shares of LHAI. Cerity Partners LLC purchased a new position in Linkhome in the fourth quarter worth about $91,000. Citadel Advisors LLC bought a new stake in shares of Linkhome during the third quarter valued at approximately $120,000. Goldman Sachs Group Inc. bought a new stake in shares of Linkhome during the fourth quarter valued at approximately $101,000. OMERS ADMINISTRATION Corp purchased a new position in Linkhome in the 4th quarter worth approximately $175,000. Finally, Millennium Management LLC purchased a new position in Linkhome in the 3rd quarter worth approximately $268,000.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Linkhome from a “sell” rating to a “hold” rating in a research note on Sunday, February 1st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Linkhome 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.