Leju Holdings Limited (LEJU) Raised to Hold at Zacks Investment Research
Leju Holdings Limited (NYSE:LEJU) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a report issued on Wednesday.
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. “
A number of other research firms have also recently weighed in on LEJU. BidaskClub raised shares of Leju Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. ValuEngine raised shares of Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Four investment analysts have rated the stock with a sell rating and one has issued a hold rating to the stock. Leju Holdings Limited currently has an average rating of “Sell” and a consensus price target of $2.10.
Leju Holdings Limited (NYSE:LEJU) last posted its earnings results on Thursday, August 31st. The financial services provider reported ($0.64) earnings per share 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 business’s revenue was down 41.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.11 EPS.
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A hedge fund recently raised its stake in Leju Holdings Limited stock. Renaissance Technologies LLC grew its position in shares of Leju Holdings Limited (NYSE:LEJU) by 6.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 331,300 shares of the financial services provider’s stock after buying an additional 21,300 shares during the quarter. Renaissance Technologies LLC owned approximately 0.18% of Leju Holdings Limited worth $1,136,000 as of its most recent filing with the Securities and Exchange Commission. 4.44% of the stock is owned by 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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