Leju Holdings Limited (LEJU) Issues Quarterly Earnings Results
Leju Holdings Limited (NYSE:LEJU) issued its quarterly earnings results on Thursday. The financial services provider reported ($0.64) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by $0.48, MarketWatch Earnings reports. Leju Holdings Limited had a negative net margin of 5.24% and a negative return on equity of 5.42%. The business had revenue of $92.70 million during the quarter, compared to analyst estimates of $78.58 million. During the same period last year, the firm posted $0.11 earnings per share. Leju Holdings Limited’s quarterly revenue was down 41.4% compared to the same quarter last year.
Shares of Leju Holdings Limited (LEJU) opened at 1.69 on Thursday. Leju Holdings Limited has a 12-month low of $1.28 and a 12-month high of $5.47. The stock’s market cap is $314.34 million. The firm has a 50 day moving average price of $1.61 and a 200 day moving average price of $2.78.
LEJU has been the topic of a number of research reports. J P Morgan Chase & Co lowered Leju Holdings Limited from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $3.80 to $2.10 in a research report on Thursday, June 22nd. Zacks Investment Research lowered Leju Holdings Limited from a “hold” rating to a “sell” rating in a research report on Thursday, July 6th. ValuEngine raised Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 25th. Finally, BidaskClub upgraded Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Tuesday, August 8th. Four equities research analysts have rated the stock with a sell rating and one has issued a hold rating to the company. The stock currently has a consensus rating of “Sell” and an average price target of $2.10.
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An institutional investor recently raised its position in Leju Holdings Limited stock. Renaissance Technologies LLC boosted its stake in Leju Holdings Limited (NYSE:LEJU) by 6.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 331,300 shares of the financial services provider’s stock after buying an additional 21,300 shares during the period. Renaissance Technologies LLC owned about 0.18% of Leju Holdings Limited worth $1,136,000 at the end of the most recent quarter. 4.62% of the stock is owned by institutional investors and hedge funds.
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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