SouFun Holdings Limited (SFUN) Lifted to Buy at BidaskClub
SouFun Holdings Limited (NYSE:SFUN) was upgraded by equities researchers at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of SouFun Holdings Limited from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Wednesday, July 5th. Bank of America Corporation reiterated a “buy” rating and issued a $4.60 price objective (down from $5.00) on shares of SouFun Holdings Limited in a research report on Wednesday, June 21st. T.H. Capital decreased their price objective on shares of SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating on the stock in a research report on Friday, June 16th. Finally, UBS AG lowered shares of SouFun Holdings Limited from a “buy” rating to a “neutral” rating in a research report on Thursday, May 25th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. SouFun Holdings Limited presently has a consensus rating of “Hold” and an average price target of $3.73.
SouFun Holdings Limited (NYSE:SFUN) opened at 3.85 on Friday. The stock has a 50 day moving average of $3.38 and a 200 day moving average of $3.31. SouFun Holdings Limited has a 1-year low of $2.46 and a 1-year high of $4.63. The stock’s market capitalization is $1.67 billion.
SouFun Holdings Limited (NYSE:SFUN) last released its quarterly earnings data on Tuesday, August 29th. The information services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.02 by $0.03. SouFun Holdings Limited had a negative return on equity of 8.80% and a negative net margin of 4.57%. The business had revenue of $110.09 million during the quarter, compared to analysts’ expectations of $131.83 million. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. SouFun Holdings Limited’s quarterly revenue was down 61.6% on a year-over-year basis. On average, analysts expect that SouFun Holdings Limited will post $0.04 earnings per share for the current year.
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Hedge funds have recently made changes to their positions in the company. Acrospire Investment Management LLC purchased a new position in shares of SouFun Holdings Limited during the 1st quarter worth about $101,000. Profund Advisors LLC lifted its holdings in shares of SouFun Holdings Limited by 59.7% during the 1st quarter. Profund Advisors LLC now owns 37,825 shares of the information services provider’s stock worth $123,000 after acquiring an additional 14,134 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of SouFun Holdings Limited by 5.5% during the 2nd quarter. Wells Fargo & Company MN now owns 42,686 shares of the information services provider’s stock worth $158,000 after acquiring an additional 2,223 shares during the period. Intellectus Partners LLC purchased a new position in shares of SouFun Holdings Limited during the 2nd quarter worth about $186,000. Finally, BB&T Securities LLC lifted its holdings in shares of SouFun Holdings Limited by 445.5% during the 2nd quarter. BB&T Securities LLC now owns 55,847 shares of the information services provider’s stock worth $207,000 after acquiring an additional 45,609 shares during the period. Institutional investors and hedge funds own 46.19% of the company’s stock.
About SouFun Holdings Limited
Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China.
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