Shares of SouFun Holdings Ltd. (NYSE:SFUN) have earned a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $6.46.
A number of equities research analysts recently commented on SFUN shares. Brean Capital started coverage on shares of SouFun Holdings in a report on Tuesday, June 7th. They set a “hold” rating on the stock. Nomura dropped their price objective on shares of SouFun Holdings from $7.94 to $6.79 and set a “buy” rating on the stock in a report on Wednesday, August 10th. Zacks Investment Research upgraded shares of SouFun Holdings from a “strong sell” rating to a “hold” rating and set a $5.50 price objective on the stock in a report on Thursday, August 11th. Credit Agricole SA lowered shares of SouFun Holdings from an “underperform” rating to a “sell” rating and dropped their price objective for the stock from $6.00 to $4.50 in a report on Friday, August 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and set a $4.50 price objective on shares of SouFun Holdings in a report on Wednesday, August 31st.
Shares of SouFun Holdings (NYSE:SFUN) opened at 4.57 on Tuesday. SouFun Holdings has a 12-month low of $4.27 and a 12-month high of $8.17. The firm’s 50-day moving average is $4.61 and its 200-day moving average is $5.24. The company’s market capitalization is $2.17 billion.
SouFun Holdings (NYSE:SFUN) last issued its quarterly earnings data on Thursday, August 25th. The company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.04. SouFun Holdings had a negative net margin of 18.43% and a negative return on equity of 38.20%. The business had revenue of $287 million for the quarter, compared to analyst estimates of $269.76 million. During the same period last year, the business posted $0.04 earnings per share. The firm’s quarterly revenue was up 34.2% on a year-over-year basis. On average, equities research analysts anticipate that SouFun Holdings will post ($0.34) EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its position in SouFun Holdings by 1.1% in the second quarter. Ameriprise Financial Inc. now owns 94,817 shares of the company’s stock valued at $477,000 after buying an additional 1,041 shares in the last quarter. Panagora Asset Management Inc. raised its position in SouFun Holdings by 2.9% in the second quarter. Panagora Asset Management Inc. now owns 68,564 shares of the company’s stock valued at $345,000 after buying an additional 1,925 shares in the last quarter. DIAM Co. Ltd. raised its position in SouFun Holdings by 112.7% in the second quarter. DIAM Co. Ltd. now owns 23,400 shares of the company’s stock valued at $116,000 after buying an additional 12,400 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in SouFun Holdings by 128.0% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,800 shares of the company’s stock valued at $115,000 after buying an additional 12,800 shares in the last quarter. Finally, Alta Advisers Ltd raised its position in SouFun Holdings by 157.5% in the second quarter. Alta Advisers Ltd now owns 22,400 shares of the company’s stock valued at $113,000 after buying an additional 13,700 shares in the last quarter. Institutional investors own 51.69% of the company’s stock.
SouFun Holdings Company Profile
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. The Company, through its Internet platform, is engaged in the development of transaction and financing platforms by offering direct sales services for new homes, online real estate brokerage services and financial services.
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