Key Points
- CEO Zhen Qin sold 1,413,333 Linkhome shares on March 17 at an average price of $1.50, generating about $2.12 million in proceeds.
- Linkhome shares were trading lower, opening at $0.98 on Friday, with the stock down 3.5% and far below its 52-week high of $22.33.
- Recent fundamentals remain weak: the company reported a slight quarterly loss, negative net margin and return on equity, and analysts currently rate the stock a consensus “Sell.”
Linkhome Holdings Inc. (NASDAQ:LHAI - Get Free Report) CEO Zhen Qin sold 166,667 shares of the stock in a transaction that occurred on Friday, January 16th. The stock was sold at an average price of $1.50, for a total value of $250,000.50. Following the sale, the chief executive officer owned 633,333 shares in the company, valued at approximately $949,999.50. This trade represents a 20.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Zhen Qin also recently made the following trade(s):
- On Tuesday, March 17th, Zhen Qin sold 1,413,333 shares of Linkhome stock. The shares were sold at an average price of $1.50, for a total value of $2,119,999.50.
Linkhome Stock Performance
NASDAQ LHAI opened at $0.98 on Friday. The stock has a fifty day moving average of $1.20 and a 200-day moving average of $5.10. The stock has a market capitalization of $15.98 million and a P/E ratio of -49.22. Linkhome Holdings Inc. has a 52 week low of $0.53 and a 52 week high of $22.33.
Linkhome (NASDAQ:LHAI - Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $4.91 million during the quarter. Linkhome had a negative net margin of 2.21% and a negative return on equity of 7.70%.
Analysts Set New Price Targets
Separately, Wall Street Zen raised Linkhome from a "sell" rating to a "hold" rating in a research note on Sunday, February 1st. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has a consensus rating of "Sell".
Get Our Latest Research Report on LHAI
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new position in shares of Linkhome in the 3rd quarter worth $120,000. Millennium Management LLC bought a new position in shares of Linkhome in the 3rd quarter worth $268,000. 683 Capital Management LLC bought a new position in shares of Linkhome in the 4th quarter worth $573,000. OMERS ADMINISTRATION Corp bought a new position in shares of Linkhome in the 4th quarter worth $175,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Linkhome in the 4th quarter worth $101,000.
About Linkhome
(
Get Free Report)
Linkhome is an artificial intelligence-driven property technology company. By using HomeGPT, a Linkhome-developed real estate artificial intelligence model, combined with financial innovation and in conjunction with our dedicated team of agents, we have made significant and cost-effective improvements to the business model of buying and selling homes. Through our subsidiaries, we operate an artificial intelligence real estate platform with the goal of providing customers with end-to-end real estate solutions and services, initially comprising real estate brokerage services, Cash Offer, and other services like property rental management and home renovation.
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