Leju Holdings Limited (NYSE:LEJU) Lifted to “Sell” at BidaskClub
Leju Holdings Limited (NYSE:LEJU) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday.
Several other analysts have also issued reports on LEJU. ValuEngine raised shares of Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 25th. Zacks Investment Research raised shares of Leju Holdings Limited from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 15th. Finally, J P Morgan Chase & Co lowered shares of Leju Holdings Limited from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $3.80 to $2.10 in a research report on Thursday, June 22nd. Six equities research analysts have rated the stock with a sell rating, The company has a consensus rating of “Sell” and a consensus price target of $3.35.
Leju Holdings Limited (NYSE LEJU) traded up 3.14% on Tuesday, reaching $1.64. 224,316 shares of the company were exchanged. Leju Holdings Limited has a 12-month low of $1.28 and a 12-month high of $5.47. The firm’s market capitalization is $305.04 million. The stock has a 50 day moving average of $1.81 and a 200 day moving average of $3.03.
Leju Holdings Limited (NYSE:LEJU) last posted its quarterly earnings results on Wednesday, June 14th. The financial services provider reported ($0.21) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.09. Leju Holdings Limited had a negative net margin of 5.24% and a negative return on equity of 5.42%. The firm had revenue of $68.30 million for the quarter, compared to analyst estimates of $65.32 million. During the same period in the prior year, the firm posted ($0.04) earnings per share. The company’s quarterly revenue was down 39.6% compared to the same quarter last year. Equities analysts anticipate that Leju Holdings Limited will post ($0.15) EPS for the current year.
An institutional investor recently raised its position in Leju Holdings Limited stock. Renaissance Technologies LLC boosted its stake in Leju Holdings Limited (NYSE:LEJU) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 310,000 shares of the financial services provider’s stock after buying an additional 26,300 shares during the period. Renaissance Technologies LLC owned approximately 0.17% of Leju Holdings Limited worth $1,488,000 at the end of the most recent reporting period. 4.67% of the stock is owned by hedge funds and other institutional investors.
Leju Holdings Limited Company Profile
Leju Holdings Limited is an online to offline (O2O), real estate services provider in China. The Company offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites covering over 260 cities and various mobile applications.
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