Leju (LEJU) Upgraded to “Sell” at ValuEngine

Leju (NYSE:LEJU) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Friday.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Leju from a “sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub cut shares of Leju from a “hold” rating to a “sell” rating in a research note on Saturday, October 7th.

Leju (NYSE:LEJU) opened at $1.62 on Friday. Leju has a 12 month low of $1.28 and a 12 month high of $4.10. The firm has a market cap of $217.22, a price-to-earnings ratio of -1.34 and a beta of 2.98.

Leju (NYSE:LEJU) last posted its quarterly earnings results on Tuesday, November 28th. The financial services provider reported ($0.17) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.02. Leju had a negative net margin of 45.44% and a negative return on equity of 48.27%. research analysts predict that Leju will post -1.22 EPS for the current year.

An institutional investor recently raised its position in Leju stock. Contrarius Investment Management Ltd boosted its holdings in Leju Holdings Ltd (NYSE:LEJU) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 3,828,235 shares of the financial services provider’s stock after acquiring an additional 103,567 shares during the period. Contrarius Investment Management Ltd owned 2.82% of Leju worth $6,470,000 as of its most recent filing with the Securities and Exchange Commission. 3.97% of the stock is currently owned by institutional investors and hedge funds.

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Leju 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.

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