Leju Holdings Ltd (LEJU) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Leju Holdings Ltd (NYSE:LEJU) from a hold rating to a strong sell rating in a research report report published on Wednesday morning.

According to Zacks, “Leju Holdings Limited is an online-to-offline, or O2O, real estate services provider in China. It offers real estate e-commerce, online advertising and online listing services through its online platform, which consists of local Websites and various mobile applications. The Company also operates various real estate and home furnishing websites. Leju Holdings Limited is headquartered in Beijing, the People’s Republic of China. “

Leju Holdings (NYSE:LEJU) opened at 3.56 on Wednesday. The stock’s 50 day moving average price is $3.87 and its 200 day moving average price is $4.11. Leju Holdings has a 52-week low of $3.40 and a 52-week high of $5.83. The firm’s market capitalization is $662.16 million.

Leju Holdings (NYSE:LEJU) last announced its quarterly earnings data on Monday, March 13th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.11) by $0.08. Leju Holdings had a return on equity of 8.85% and a net margin of 4.53%. The business had revenue of $104.90 million for the quarter, compared to the consensus estimate of $68.72 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. Leju Holdings’s quarterly revenue was down 39.5% compared to the same quarter last year. On average, equities analysts anticipate that Leju Holdings will post $0.14 earnings per share for the current fiscal year.

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A hedge fund recently raised its stake in Leju Holdings stock. Contrarius Investment Management Ltd raised its stake in Leju Holdings Ltd (NYSE:LEJU) by 13.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,775,201 shares of the company’s stock after buying an additional 552,158 shares during the period. Leju Holdings makes up approximately 1.9% of Contrarius Investment Management Ltd’s holdings, making the stock its 16th largest position. Contrarius Investment Management Ltd owned approximately 2.57% of Leju Holdings worth $25,500,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 5.42% of the company’s stock.

About Leju Holdings

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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