Fang (SFUN) Trading 7.1% Higher

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Fang Holdings Ltd (NYSE:SFUN) shares traded up 7.1% on Wednesday . The stock traded as high as $1.52 and last traded at $1.51. 800,340 shares traded hands during mid-day trading, an increase of 16% from the average session volume of 690,790 shares. The stock had previously closed at $1.41.

Several research analysts have recently weighed in on the stock. Zacks Investment Research reissued a “buy” rating and issued a $2.25 target price on shares of Fang in a research report on Thursday, November 15th. ValuEngine downgraded shares of Fang from a “sell” rating to a “strong sell” rating in a research report on Monday, October 8th. Finally, Credit Suisse Group downgraded shares of Fang from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $3.20 to $1.60 in a research report on Monday, December 3rd. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $2.48.

The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a market capitalization of $668.81 million, a P/E ratio of 98.00 and a beta of 1.09.

Fang (NYSE:SFUN) last posted its quarterly earnings results on Friday, November 30th. The information services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.04). The company had revenue of $83.60 million for the quarter, compared to analyst estimates of $97.81 million. Fang had a positive return on equity of 10.25% and a negative net margin of 16.21%. The business’s revenue for the quarter was down 25.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.03 earnings per share.

Several hedge funds have recently bought and sold shares of SFUN. Dynamic Technology Lab Private Ltd acquired a new stake in Fang in the second quarter valued at approximately $117,000. SG Americas Securities LLC acquired a new stake in Fang in the second quarter valued at approximately $127,000. Voya Investment Management LLC acquired a new stake in Fang in the second quarter valued at approximately $128,000. Paloma Partners Management Co acquired a new stake in Fang in the third quarter valued at approximately $101,000. Finally, Point72 Asset Management L.P. acquired a new stake in Fang in the third quarter valued at approximately $105,000. Institutional investors and hedge funds own 43.29% of the company’s stock.

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Fang Company Profile (NYSE:SFUN)

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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