ValuEngine Downgrades Leju (LEJU) to Hold

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Leju (NYSE:LEJU) was downgraded by equities researchers at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Other equities analysts have also issued reports about the stock. Zacks Investment Research raised shares of Leju from a “hold” rating to a “buy” rating and set a $2.25 price objective for the company in a research report on Tuesday. JPMorgan Chase & Co. raised shares of Leju from an “underweight” rating to a “neutral” rating and set a $4.00 price objective for the company in a research report on Tuesday, August 28th.

LEJU stock opened at $2.00 on Tuesday. The stock has a market cap of $300.04 million, a price-to-earnings ratio of -1.68 and a beta of 3.26. Leju has a one year low of $0.96 and a one year high of $2.30.

Leju (NYSE:LEJU) last released its quarterly earnings results on Thursday, August 23rd. The financial services provider reported ($0.01) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.10) by $0.09. The business had revenue of $122.68 million during the quarter. Leju had a negative net margin of 16.56% and a negative return on equity of 26.66%. equities research analysts predict that Leju will post -0.25 EPS for the current year.

An institutional investor recently raised its position in Leju stock. Millennium Management LLC lifted its stake in Leju Holdings Ltd (NYSE:LEJU) by 336.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 89,596 shares of the financial services provider’s stock after purchasing an additional 69,050 shares during the quarter. Millennium Management LLC owned about 0.07% of Leju worth $121,000 as of its most recent SEC filing. Institutional investors and hedge funds own 1.68% of the company’s stock.

Leju Company Profile

Leju Holdings Limited, through its subsidiaries, provides online to offline (O2O) real estate services in the People's Republic of China. The company offers real estate e-commerce, online advertising, and online listing services through its online platform, which comprises Websites covering 377 cities and various mobile applications for the real estate and home furnishing industries.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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