SouFun Holdings Limited (SFUN) Receives Average Rating of “Hold” from Brokerages
SouFun Holdings Limited (NYSE:SFUN) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $3.61.
Several research analysts have issued reports on SFUN shares. Benchmark Co. started coverage on shares of SouFun Holdings Limited in a report on Tuesday, April 18th. They issued a “hold” rating for the company. Zacks Investment Research cut shares of SouFun Holdings Limited from a “hold” rating to a “sell” rating in a report on Wednesday, March 1st. Finally, T.H. Capital decreased their target price on shares of SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating for the company in a report on Friday.
Shares of SouFun Holdings Limited (NYSE:SFUN) traded down 9.973% during midday trading on Tuesday, reaching $3.295. 1,913,351 shares of the company’s stock were exchanged. SouFun Holdings Limited has a 12-month low of $2.46 and a 12-month high of $5.64. The firm has a 50-day moving average of $3.52 and a 200-day moving average of $3.32. The stock’s market capitalization is $1.46 billion.
SouFun Holdings Limited (NYSE:SFUN) last issued its earnings results on Friday, March 31st. The information services provider reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by $0.01. The firm had revenue of $174.70 million during the quarter, compared to analysts’ expectations of $184.71 million. SouFun Holdings Limited had a negative return on equity of 29.46% and a negative net margin of 18.53%. The firm’s quarterly revenue was down 41.9% on a year-over-year basis. During the same period last year, the firm posted ($0.16) earnings per share. Analysts anticipate that SouFun Holdings Limited will post $0.09 EPS for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC raised its stake in shares of SouFun Holdings Limited by 216.2% in the first quarter. SG Americas Securities LLC now owns 93,818 shares of the information services provider’s stock worth $306,000 after buying an additional 64,148 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of SouFun Holdings Limited by 679.8% in the first quarter. JPMorgan Chase & Co. now owns 1,087,291 shares of the information services provider’s stock worth $3,544,000 after buying an additional 947,858 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of SouFun Holdings Limited by 19.4% in the first quarter. Penserra Capital Management LLC now owns 96,912 shares of the information services provider’s stock worth $315,000 after buying an additional 15,725 shares in the last quarter. Stevens Capital Management LP raised its stake in shares of SouFun Holdings Limited by 290.7% in the first quarter. Stevens Capital Management LP now owns 87,857 shares of the information services provider’s stock worth $286,000 after buying an additional 65,369 shares in the last quarter. Finally, Acrospire Investment Management LLC bought a new stake in shares of SouFun Holdings Limited during the first quarter worth approximately $101,000. Hedge funds and other institutional investors own 50.07% of the company’s stock.
SouFun Holdings Limited Company Profile
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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