Fang (SFUN) Lowered to Hold at Zacks Investment Research

Zacks Investment Research downgraded shares of Fang (NYSE:SFUN) from a buy rating to a hold rating in a research note published on Friday morning.

According to Zacks, “Fang Holdings Limited operates as a real estate Internet portal primarily in China. It provides marketing, e-commerce, listing and other value-added services for real estate and home furnishing and improvement sectors. Fang Holdings Limited, formerly known as SouFun Holdings Limited, is based in Beijing, China. “

A number of other equities research analysts have also recently issued reports on the stock. Bank of America reissued a buy rating and issued a $4.63 price target (down previously from $5.30) on shares of Fang in a research note on Tuesday, December 26th. ValuEngine cut shares of Fang from a hold rating to a sell rating in a research note on Friday, December 1st. Finally, BidaskClub raised shares of Fang from a buy rating to a strong-buy rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of Hold and an average target price of $4.79.

Shares of Fang (SFUN) traded up $0.05 during midday trading on Friday, hitting $5.25. 3,620,400 shares of the stock were exchanged, compared to its average volume of 5,356,889. The firm has a market cap of $2,330.00, a PE ratio of -262.50 and a beta of 1.55. Fang has a twelve month low of $2.46 and a twelve month high of $5.58. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.52.

Fang (NYSE:SFUN) last issued its quarterly earnings data on Friday, November 17th. The information services provider reported $0.03 EPS for the quarter, hitting analysts’ consensus estimates of $0.03. Fang had a negative net margin of 1.83% and a negative return on equity of 3.20%. The business had revenue of $112.20 million for the quarter, compared to analysts’ expectations of $106.39 million. During the same quarter last year, the company earned ($0.03) EPS. The business’s revenue was down 55.1% on a year-over-year basis. equities analysts forecast that Fang will post 0.08 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in SFUN. Wells Fargo & Company MN grew its stake in Fang by 5.5% in the 2nd quarter. Wells Fargo & Company MN now owns 42,686 shares of the information services provider’s stock valued at $158,000 after acquiring an additional 2,223 shares during the period. Profund Advisors LLC grew its stake in Fang by 21.9% in the 2nd quarter. Profund Advisors LLC now owns 46,110 shares of the information services provider’s stock valued at $171,000 after acquiring an additional 8,285 shares during the period. Intellectus Partners LLC acquired a new stake in Fang in the 2nd quarter valued at $186,000. Pictet Asset Management Ltd. acquired a new stake in Fang in the 3rd quarter valued at $325,000. Finally, Royal Bank of Canada boosted its stake in Fang by 39.9% during the 2nd quarter. Royal Bank of Canada now owns 88,871 shares of the information services provider’s stock worth $330,000 after purchasing an additional 25,359 shares during the last quarter. 45.34% of the stock is currently owned by hedge funds and other institutional investors.

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Fang 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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