SouFun (SFUN) Shares Gap Down to $4.40

Shares of SouFun Holdings Limited (NYSE:SFUN) gapped down prior to trading on Wednesday . The stock had previously closed at $4.52, but opened at $4.40. SouFun shares last traded at $4.31, with a volume of 3908684 shares traded.

A number of research firms have recently issued reports on SFUN. ValuEngine lowered shares of SouFun from a “hold” rating to a “sell” rating in a report on Friday, December 1st. Zacks Investment Research upgraded shares of SouFun from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Thursday, November 23rd. Finally, BidaskClub upgraded shares of SouFun from a “sell” rating to a “hold” rating in a report on Friday, August 25th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.24.

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.03.

SouFun (NYSE:SFUN) last released its quarterly earnings results on Friday, November 17th. The information services provider reported $0.03 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.03. SouFun had a negative net margin of 1.83% and a negative return on equity of 3.20%. The business had revenue of $112.20 million for the quarter, compared to analyst estimates of $106.39 million. During the same quarter in the previous year, the business earned ($0.03) earnings per share. The firm’s revenue was down 55.1% compared to the same quarter last year. equities analysts predict that SouFun Holdings Limited will post 0.08 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN increased its stake in SouFun by 5.5% in the 2nd quarter. Wells Fargo & Company MN now owns 42,686 shares of the information services provider’s stock valued at $158,000 after buying an additional 2,223 shares during the period. Profund Advisors LLC increased its stake in SouFun by 21.9% in the 2nd quarter. Profund Advisors LLC now owns 46,110 shares of the information services provider’s stock valued at $171,000 after buying an additional 8,285 shares during the period. State Street Corp increased its stake in SouFun by 0.8% in the 2nd quarter. State Street Corp now owns 1,263,103 shares of the information services provider’s stock valued at $4,685,000 after buying an additional 9,560 shares during the period. Royal Bank of Canada increased its stake in SouFun by 39.9% in the 2nd quarter. Royal Bank of Canada now owns 88,871 shares of the information services provider’s stock valued at $330,000 after buying an additional 25,359 shares during the period. Finally, BB&T Securities LLC increased its stake in SouFun by 445.5% in the 2nd quarter. BB&T Securities LLC now owns 55,847 shares of the information services provider’s stock valued at $207,000 after buying an additional 45,609 shares during the period. Hedge funds and other institutional investors own 45.35% of the company’s stock.

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About SouFun

Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China.

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