Leju Holdings Limited (LEJU) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of Leju Holdings Limited (NYSE:LEJU) from a hold rating to a sell rating in a research report sent to investors on Thursday.

LEJU has been the topic of a number of other reports. Zacks Investment Research lowered shares of Leju Holdings Limited from a hold rating to a strong sell rating in a research note on Thursday, September 7th. ValuEngine raised shares of Leju Holdings Limited from a strong sell rating to a sell rating in a research note on Thursday, May 25th. Finally, J P Morgan Chase & Co lowered shares of Leju Holdings Limited from a neutral rating to an underweight rating and decreased their price target for the company from $3.80 to $2.10 in a research note on Thursday, June 22nd. Five investment analysts have rated the stock with a sell rating, Leju Holdings Limited presently has an average rating of Sell and a consensus target price of $2.10.

Leju Holdings Limited (NYSE LEJU) remained flat at $1.66 during midday trading on Thursday. The stock had a trading volume of 143,395 shares. The stock’s market capitalization is $308.76 million. Leju Holdings Limited has a 52-week low of $1.28 and a 52-week high of $5.47. The company has a 50-day moving average price of $1.60 and a 200 day moving average price of $2.57.

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 for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.48). The company had revenue of $92.70 million during the quarter, compared to analysts’ expectations 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 company’s quarterly revenue was down 41.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 earnings per share. On average, analysts forecast that Leju Holdings Limited will post ($0.74) earnings per share for the current year.

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An institutional investor recently raised its position in Leju Holdings Limited stock. Freestone Capital Holdings LLC grew its holdings in Leju Holdings Limited (NYSE:LEJU) by 18.6% during the second quarter, according to its most recent 13F filing 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 quarter. Freestone Capital Holdings LLC owned about 0.70% of Leju Holdings Limited worth $1,749,000 as of its most recent SEC filing. 4.62% 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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