Zacks Investment Research upgraded shares of Fang (NYSE:SFUN) from a sell rating to a hold rating in a report published on Thursday.

According to Zacks, “Fang Holdings’ first-quarter 2018 revenues declined year over year. Fang Holdings continues to come up with customized marketing and promotional packages with additional features to meet the varying requirements of customers. Remarkable improvement in operational metrics implies that the company is growing internally and this should boost its overall growth. Rising demand for database and research services and increasing number of paying subscribers act as other growth catalysts. Despite such tailwinds, the company’s shares have underperformed its industry in the past year. Stiff competition, stringent government regulations and tightening policies of the Chinese market act as a major hindrance to Fang Holding’s business. It’s top-line growth gets affected by seasonality in China’s real estate sector.”

SFUN has been the topic of a number of other reports. TheStreet cut shares of Fang from a c rating to a d rating in a report on Friday, July 27th. ValuEngine cut shares of Fang from a hold rating to a sell rating in a report on Monday, July 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $5.19.

SFUN traded down $0.05 during trading on Thursday, hitting $2.70. The company had a trading volume of 27,102 shares, compared to its average volume of 2,343,576. The stock has a market capitalization of $1.28 billion, a PE ratio of 138.00 and a beta of 0.83. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.13 and a quick ratio of 1.13. Fang has a 1-year low of $2.65 and a 1-year high of $5.69.

Fang (NYSE:SFUN) last posted its quarterly earnings results on Wednesday, July 25th. The information services provider reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.14). The company had revenue of $62.83 million during the quarter, compared to analyst estimates of $89.68 million. Fang had a negative net margin of 4.17% and a positive return on equity of 2.24%. The company’s revenue was down 42.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.02) earnings per share. equities research analysts forecast that Fang will post 0.27 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of SFUN. FIL Ltd raised its holdings in shares of Fang by 268.4% during the first quarter. FIL Ltd now owns 16,140,605 shares of the information services provider’s stock worth $82,963,000 after purchasing an additional 11,758,800 shares during the period. BlackRock Inc. increased its holdings in shares of Fang by 140.6% in the 2nd quarter. BlackRock Inc. now owns 9,579,253 shares of the information services provider’s stock worth $37,168,000 after acquiring an additional 5,597,763 shares during the period. Fosun International Ltd increased its holdings in shares of Fang by 4.7% in the 2nd quarter. Fosun International Ltd now owns 15,687,445 shares of the information services provider’s stock worth $60,867,000 after acquiring an additional 697,674 shares during the period. Andra AP fonden acquired a new stake in shares of Fang in the 2nd quarter worth about $2,342,000. Finally, Millennium Management LLC increased its holdings in shares of Fang by 2,357.8% in the 1st quarter. Millennium Management LLC now owns 585,558 shares of the information services provider’s stock worth $3,010,000 after acquiring an additional 561,734 shares during the period. 43.72% of the stock is currently owned by institutional investors.

About Fang

Fang Holdings Limited operates a real estate Internet portal in the People's Republic of China. The company's portal offers listing, marketing, e-commerce, financial, and other value-added services. It supports active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors.

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