Leju Holdings Limited (LEJU) Downgraded by BidaskClub to Sell

BidaskClub cut shares of Leju Holdings Limited (NYSE:LEJU) from a hold rating to a sell rating in a research note issued to investors on Saturday morning.

Other equities research analysts have also issued research reports about the company. J P Morgan Chase & Co lowered 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 note on Thursday, June 22nd. Zacks Investment Research lowered Leju Holdings Limited from a hold rating to a strong sell rating in a research note on Thursday, September 7th. Finally, ValuEngine raised Leju Holdings Limited from a strong sell rating to a sell rating in a research note on Friday, September 1st. Five equities research analysts have rated the stock with a sell rating, Leju Holdings Limited has an average rating of Sell and a consensus price target of $2.10.

Leju Holdings Limited (NYSE LEJU) opened at 1.61 on Friday. The stock’s market cap is $299.46 million. The stock has a 50 day moving average price of $1.66 and a 200 day moving average price of $2.29. Leju Holdings Limited has a 52-week low of $1.28 and a 52-week high of $5.02.

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

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A hedge fund recently raised its stake in Leju Holdings Limited stock. Freestone Capital Holdings LLC grew its holdings in shares of Leju Holdings Limited (NYSE:LEJU) by 18.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 950,451 shares of the financial services provider’s stock after purchasing an additional 149,356 shares during the quarter. Freestone Capital Holdings LLC owned approximately 0.70% of Leju Holdings Limited worth $1,749,000 at the end of the most recent quarter. 4.62% of the stock is owned by institutional investors.

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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