Leju Holdings Limited (NYSE:LEJU) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Thursday.

According to Zacks, “Leju Holdings Limited is an online-to-offline, or O2O, real estate services provider in China. It offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites and various mobile applications. The Company also operates various real estate and home furnishing websites. Leju Holdings Limited is headquartered in Beijing, the People’s Republic of China. “

LEJU has been the subject of a number of other research reports. BidaskClub raised shares of Leju Holdings Limited from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine raised shares of Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 25th. Finally, J P Morgan Chase & Co cut shares of Leju Holdings Limited from a “neutral” rating to an “underweight” rating and reduced their target price for the company from $3.80 to $2.10 in a research report on Thursday, June 22nd. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. The stock currently has a consensus rating of “Sell” and a consensus target price of $2.10.

Shares of Leju Holdings Limited (NYSE:LEJU) traded down 6.96% during midday trading on Thursday, hitting $1.47. 194,311 shares of the company were exchanged. The company’s market capitalization is $199.57 million. Leju Holdings Limited has a one year low of $1.28 and a one year high of $5.47. The company has a 50-day moving average of $1.59 and a 200 day moving average of $2.63.

Leju Holdings Limited (NYSE:LEJU) last announced its earnings results on Thursday, August 31st. The financial services provider reported ($0.64) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by $0.48. The business had revenue of $92.70 million during the quarter, compared to the consensus estimate of $78.58 million. Leju Holdings Limited had a negative net margin of 27.57% and a negative return on equity of 31.88%. The company’s revenue was down 41.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.11 EPS. On average, equities research analysts expect that Leju Holdings Limited will post ($0.46) earnings per share for the current fiscal year.

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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 6.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 331,300 shares of the financial services provider’s stock after purchasing an additional 21,300 shares during the quarter. Renaissance Technologies LLC owned about 0.18% of Leju Holdings Limited worth $1,136,000 at the end of the most recent reporting period. 4.62% 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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