Linkhome (NASDAQ:LHAI) Major Shareholder Innovation Foundation Us Sells 3,020,000 Shares of Stock

Linkhome Holdings Inc. (NASDAQ:LHAI) major shareholder Innovation Foundation Us sold 3,020,000 shares of Linkhome stock in a transaction dated Monday, October 19th. The shares were sold at an average price of $0.53, for a total value of $1,600,600.00. Following the transaction, the insider directly owned 800,000 shares of the company’s stock, valued at $424,000. The trade was a 79.06% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Linkhome Trading Up 10.5%

Shares of Linkhome stock traded up $0.10 on Friday, reaching $1.05. The stock had a trading volume of 213,666 shares, compared to its average volume of 3,191,818. Linkhome Holdings Inc. has a 1 year low of $0.53 and a 1 year high of $15.66. The company has a market cap of $17.36 million, a P/E ratio of -35.00 and a beta of -0.07. The business’s 50 day moving average is $0.99 and its two-hundred day moving average is $1.00.

Linkhome (NASDAQ:LHAI) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $5.41 million for the quarter. Linkhome had a negative net margin of 2.83% and a negative return on equity of 7.86%.

Analysts Set New Price Targets

A number of research analysts have recently commented on LHAI shares. Weiss Ratings upgraded shares of Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. Wall Street Zen raised shares of Linkhome to a “sell” rating in a report on Saturday, September 19th. One research analyst has rated the stock with a Sell rating. According to MarketBeat, the company presently has a consensus rating of “Sell”.

About Linkhome

Linkhome Holdings Inc is a China-based real estate services company that operates through the Linkhome brand. The company focuses on housing rental and related property services, serving as an intermediary between property owners and tenants.

Its business activities include real estate brokerage, rental management, and property management services. Linkhome’s offerings are designed to support the leasing and administration of residential properties, including assistance with tenant placement and ongoing property-related services.

The company’s operations are concentrated in China.