SouFun Holdings Sees Unusually Large Options Volume (SFUN)
Shares of SouFun Holdings (NASDAQ:SFUN) were the recipient of unusually large options trading on Friday. Stock investors acquired 9,024 call options on the company, Analyst Ratings Network.com reports. This represents an increase of 110% compared to the typical volume of 4,298 call options.
A number of analysts have recently weighed in on SFUN shares. Analysts at Macquarie initiated coverage on shares of SouFun Holdings in a research note on Friday. They set a “neutral” rating on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $14.83.
Shares of SouFun Holdings (NASDAQ:SFUN) traded down 2.09% on Friday, hitting $9.86. 5,761,697 shares of the company’s stock traded hands. SouFun Holdings has a one year low of $5.10 and a one year high of $19.944. The stock’s 50-day moving average is $10.44 and its 200-day moving average is $13.90. The company has a market cap of $4.038 billion and a P/E ratio of 13.89.
SouFun Holdings (NASDAQ:SFUN) last announced its earnings results on Wednesday, May 7th. The company reported $0.11 earnings per share for the quarter, beating the analysts’ 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. SouFun Holdings’s revenue was up 33.2% compared to the same quarter last year. 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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