Leju Holdings Limited (LEJU) Rating Lowered to Sell at BidaskClub

Leju Holdings Limited (NYSE:LEJU) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Saturday.

A number of other research analysts have also issued reports on the stock. J P Morgan Chase & Co lowered shares of Leju Holdings Limited from a “neutral” rating to an “underweight” rating and dropped their price target for the stock from $3.80 to $2.10 in a research note on Thursday, June 22nd. Zacks Investment Research lowered shares of Leju Holdings Limited from a “hold” rating to a “sell” rating in a research note on Thursday, July 6th. Finally, ValuEngine upgraded shares of Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Five investment analysts have rated the stock with a sell rating, Leju Holdings Limited currently has a consensus rating of “Sell” and an average target price of $2.10.

Shares of Leju Holdings Limited (NYSE LEJU) opened at 1.57 on Friday. The firm has a 50-day moving average of $1.66 and a 200 day moving average of $2.33. Leju Holdings Limited has a 12-month low of $1.28 and a 12-month high of $5.02. The stock’s market capitalization is $292.02 million.

Leju Holdings Limited (NYSE:LEJU) last issued its quarterly earnings results on Thursday, August 31st. The financial services provider reported ($0.64) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.48). Leju Holdings Limited had a negative return on equity of 31.88% and a negative net margin of 27.57%. The firm had revenue of $92.70 million for the quarter, compared to analyst estimates of $78.58 million. During the same quarter last year, the firm earned $0.11 earnings per share. The company’s revenue was down 41.4% compared to the same quarter last year. Equities analysts forecast that Leju Holdings Limited will post ($0.74) earnings per share for the current fiscal year.

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A hedge fund recently raised its stake in Leju Holdings Limited stock. Freestone Capital Holdings LLC raised its holdings in Leju Holdings Limited (NYSE:LEJU) by 18.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 950,451 shares of the financial services provider’s stock after purchasing an additional 149,356 shares during the period. Freestone Capital Holdings LLC owned 0.70% of Leju Holdings Limited worth $1,749,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 4.62% of the company’s stock.

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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