Leju Holdings Limited (NYSE:LEJU)’s share price was up 11.8% during mid-day trading on Wednesday . The company traded as high as $1.99 and last traded at $1.71. Approximately 435,400 shares traded hands during trading, an increase of 323% from the average daily volume of 102,893 shares. The stock had previously closed at $1.53.
A number of equities analysts have recently issued reports on LEJU shares. Zacks Investment Research downgraded Leju Holdings Limited from a “hold” rating to a “strong sell” rating in a research note on Thursday, September 7th. BidaskClub raised Leju Holdings Limited from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, ValuEngine raised Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Four research analysts have rated the stock with a sell rating and one has assigned a hold rating to the company. Leju Holdings Limited presently has an average rating of “Sell” and an average price target of $2.10.
Leju Holdings Limited (NYSE:LEJU) last released its quarterly earnings data on Thursday, August 31st. The financial services provider reported ($0.64) earnings per share for the quarter, missing the consensus estimate of ($0.16) by ($0.48). Leju Holdings Limited had a negative net margin of 27.57% and a negative return on equity of 31.88%. The firm had revenue of $92.70 million during the quarter, compared to analysts’ expectations of $78.58 million. During the same period in the previous year, the business earned $0.11 earnings per share. The business’s revenue for the quarter was down 41.4% on a year-over-year basis. analysts predict that Leju Holdings Limited will post -0.9 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Contrarius Investment Management Ltd increased its stake in Leju Holdings Limited by 2.8% in the 3rd quarter. Contrarius Investment Management Ltd now owns 3,828,235 shares of the financial services provider’s stock valued at $6,470,000 after purchasing an additional 103,567 shares in the last quarter. Freestone Capital Holdings LLC increased its stake in Leju Holdings Limited by 18.6% in the 2nd quarter. Freestone Capital Holdings LLC now owns 950,451 shares of the financial services provider’s stock valued at $1,749,000 after purchasing an additional 149,356 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Leju Holdings Limited by 6.9% in the 1st quarter. Renaissance Technologies LLC now owns 331,300 shares of the financial services provider’s stock valued at $1,136,000 after purchasing an additional 21,300 shares in the last quarter. 4.44% of the stock is owned by hedge funds and other institutional investors.
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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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