SouFun Holdings Limited (SFUN) Receiving Somewhat Favorable Press Coverage, Study Finds
Press coverage about SouFun Holdings Limited (NYSE:SFUN) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SouFun Holdings Limited earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news stories about the information services provider an impact score of 44.9630331967437 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
A number of analysts have issued reports on the stock. BidaskClub upgraded shares of SouFun Holdings Limited from a “strong sell” rating to a “sell” rating in a research note on Monday, July 31st. Zacks Investment Research lowered shares of SouFun Holdings Limited from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 2nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $3.73.
SouFun Holdings Limited (SFUN) traded up 0.24% on Monday, reaching $4.21. The company’s stock had a trading volume of 541,128 shares. The firm has a 50-day moving average price of $4.13 and a 200 day moving average price of $3.57. SouFun Holdings Limited has a 52-week low of $2.46 and a 52-week high of $4.70. The firm’s market capitalization is $1.83 billion.
SouFun Holdings Limited (NYSE:SFUN) last announced its quarterly earnings results on Tuesday, August 29th. The information services provider reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.03). SouFun Holdings Limited had a negative return on equity of 8.80% and a negative net margin of 4.57%. The business had revenue of $110.09 million for the quarter, compared to analyst estimates of $131.83 million. During the same quarter last year, the firm posted ($0.08) EPS. The company’s revenue was down 61.6% compared to the same quarter last year. Equities analysts anticipate that SouFun Holdings Limited will post $0.04 earnings per share for the current fiscal year.
About SouFun Holdings Limited
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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