Traders Purchase High Volume of Put Options on SouFun Holdings (SFUN)
SouFun Holdings (NASDAQ:SFUN) was the target of unusually large options trading on Monday. Investors acquired 4,341 put options on the company, Analyst Ratings Network.com reports. This represents an increase of 119% compared to the typical daily volume of 1,978 put options.
A number of research firms have recently commented on SFUN. Analysts at JPMorgan Chase & Co. downgraded shares of SouFun Holdings from an “overweight” rating to a “neutral” rating in a research note on Friday, June 13th. They now have a $10.00 price target on the stock, down previously from $17.00. Separately, analysts at Brean Capital cut their price target on shares of SouFun Holdings from $18.00 to $15.00 in a research note on Friday, June 13th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank downgraded shares of SouFun Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, June 12th. They now have a $11.00 price target on the stock. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. SouFun Holdings currently has a consensus rating of “Buy” and a consensus price target of $14.83.
SouFun Holdings (NASDAQ:SFUN) traded up 0.76% during mid-day trading on Monday, hitting $10.59. The stock had a trading volume of 10,576,785 shares. SouFun Holdings has a 1-year low of $4.802 and a 1-year high of $19.944. The stock has a 50-day moving average of $10.59 and a 200-day moving average of $14.06. The company has a market cap of $4.337 billion and a P/E ratio of 14.50.
SouFun Holdings (NASDAQ:SFUN) last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The company had revenue of $121.20 million for the quarter, compared to the consensus estimate of $121.07 million. The company’s revenue for the quarter was up 33.2% on a year-over-year basis. Analysts expect that SouFun Holdings will post $0.72 EPS for the current fiscal year.
SouFun Holdings Limited (NASDAQ:SFUN) operates as a real estate Internet portal in China.
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