BidaskClub Upgrades Leju Holdings Limited (NYSE:LEJU) to “Sell”

Leju Holdings Limited (NYSE:LEJU) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Tuesday.

Several other equities research analysts also recently weighed in on LEJU. ValuEngine raised Leju Holdings Limited from a “strong sell” rating to a “sell” rating in a report on Thursday, May 25th. Zacks Investment Research raised Leju Holdings Limited from a “strong sell” rating to a “hold” rating in a report on Thursday, June 15th. Finally, J P Morgan Chase & Co downgraded Leju Holdings Limited from a “neutral” rating to an “underweight” rating and decreased their price target for the stock from $3.80 to $2.10 in a report on Thursday, June 22nd. Six analysts have rated the stock with a sell rating, Leju Holdings Limited has an average rating of “Sell” and a consensus price target of $3.35.

Shares of Leju Holdings Limited (NYSE LEJU) traded down 6.63% during mid-day trading on Tuesday, reaching $1.55. 137,860 shares of the company’s stock traded hands. Leju Holdings Limited has a one year low of $1.37 and a one year high of $5.47. The firm’s 50-day moving average is $1.75 and its 200 day moving average is $2.97. The firm’s market cap is $288.30 million.

Leju Holdings Limited (NYSE:LEJU) last issued its quarterly earnings results on Wednesday, June 14th. The financial services provider reported ($0.21) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.09. Leju Holdings Limited had a negative return on equity of 5.42% and a negative net margin of 5.24%. The firm had revenue of $68.30 million during the quarter, compared to the consensus estimate of $65.32 million. During the same period last year, the company earned ($0.04) earnings per share. The company’s revenue for the quarter was down 39.6% on a year-over-year basis. Analysts predict that Leju Holdings Limited will post ($0.15) earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: This story was originally posted by [[site]] and is owned by of [[site]]. If you are accessing this story on another site, it was stolen and republished in violation of U.S. & international copyright legislation. The legal version of this story can be read at [[permalink]].

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 Form 13F filing with the Securities and Exchange Commission. The fund 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. Hedge funds and other institutional investors own 4.67% of the company’s stock.

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.