Zacks Investment Research lowered shares of Leju Holdings Limited (NYSE:LEJU) from a hold rating to a strong sell rating in a research report released 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 several other research reports. J P Morgan Chase & Co lowered Leju Holdings Limited from a neutral rating to an underweight rating and dropped their price objective for the company from $3.80 to $2.10 in a research note on Thursday, June 22nd. BidaskClub raised Leju Holdings Limited from a strong sell rating to a sell rating in a research note on Tuesday, August 8th. Finally, ValuEngine raised 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 company’s stock. Leju Holdings Limited has a consensus rating of Sell and an average target price of $2.10.
Shares of Leju Holdings Limited (NYSE LEJU) opened at 1.47 on Thursday. Leju Holdings Limited has a 12 month low of $1.28 and a 12 month high of $5.47. The company’s market capitalization is $273.42 million. The company’s 50 day moving average price is $1.59 and its 200 day moving average price is $2.63.
Leju Holdings Limited (NYSE:LEJU) last posted its quarterly earnings data on Thursday, August 31st. The financial services provider reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.48. The business had revenue of $92.70 million for 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%. Leju Holdings Limited’s quarterly revenue was down 41.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. Analysts expect that Leju Holdings Limited will post ($0.46) EPS 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 holdings in shares of Leju Holdings Limited (NYSE:LEJU) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 331,300 shares of the financial services provider’s stock after buying an additional 21,300 shares during the period. Renaissance Technologies LLC owned approximately 0.18% of Leju Holdings Limited worth $1,136,000 as of its most recent SEC filing. 4.62% of the stock is owned by institutional investors and hedge funds.
About Leju Holdings Limited
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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