SouFun Holdings Ltd. (NYSE:SFUN) was downgraded by analysts at Nomura from a “buy” rating to a “reduce” rating in a note issued to investors on Monday, The Fly reports.
SFUN has been the topic of several other research reports. Zacks Investment Research upgraded shares of SouFun Holdings from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Wednesday, September 28th. JPMorgan Chase & Co. restated a “neutral” rating and issued a $4.50 price target on shares of SouFun Holdings in a report on Wednesday, August 31st. TheStreet lowered shares of SouFun Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, September 13th. lowered shares of SouFun Holdings from an “underperform” rating to a “sell” rating and cut their price target for the company from $6.00 to $4.50 in a report on Friday, August 26th. Finally, Brean Capital restated a “hold” rating on shares of SouFun Holdings in a report on Tuesday, August 16th. Three investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $5.70.
Shares of SouFun Holdings (NYSE:SFUN) traded down 15.74% on Monday, hitting $2.89. 14,135,616 shares of the stock traded hands. The firm’s 50-day moving average is $3.37 and its 200 day moving average is $4.55. SouFun Holdings has a 12-month low of $2.80 and a 12-month high of $7.52. The firm’s market cap is $1.37 billion.
SouFun Holdings (NYSE:SFUN) last posted its quarterly earnings results on Monday, November 28th. The company reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.02. SouFun Holdings had a negative net margin of 18.43% and a negative return on equity of 36.04%. The firm had revenue of $250.10 million for the quarter, compared to analyst estimates of $296.46 million. During the same quarter last year, the firm posted ($0.08) earnings per share. SouFun Holdings’s revenue for the quarter was up .6% compared to the same quarter last year. Equities research analysts forecast that SouFun Holdings will post ($0.36) EPS for the current fiscal year.
Several hedge funds have recently bought and sold shares of SFUN. BNP Paribas Arbitrage SA raised its stake in SouFun Holdings by 50.9% in the second quarter. BNP Paribas Arbitrage SA now owns 691,045 shares of the company’s stock worth $3,476,000 after buying an additional 233,140 shares in the last quarter. British Columbia Investment Management Corp raised its stake in shares of SouFun Holdings by 150.6% in the second quarter. British Columbia Investment Management Corp now owns 64,400 shares of the company’s stock worth $324,000 after buying an additional 38,700 shares during the period. Gulf International Bank UK Ltd bought a new stake in shares of SouFun Holdings during the second quarter worth about $467,000. Shell Asset Management Co. raised its stake in shares of SouFun Holdings by 37.8% in the second quarter. Shell Asset Management Co. now owns 74,644 shares of the company’s stock worth $375,000 after buying an additional 20,456 shares during the period. Finally, Bank of Montreal Can bought a new stake in shares of SouFun Holdings during the second quarter worth about $242,000. Institutional investors own 47.86% of the company’s stock.
About SouFun Holdings
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.