Key Points
- CEO Zhen Qin sold 625,000 Linkhome shares on August 5 at an average price of $0.80, generating $500,000 and reducing his direct ownership by 14.06% to 3.82 million shares. He also sold 625,000 shares in a similar transaction on July 31.
- Linkhome shares opened at $0.82 and were down 2.7%, with a market capitalization of approximately $13.34 million. The company reported a quarterly loss of $0.01 per share on $4.91 million in revenue.
- Analyst sentiment remains negative: Weiss Ratings upgraded the stock only from “sell (d-)” to “sell (d),” while the broader analyst consensus remains Sell.
Linkhome Holdings Inc. (NASDAQ:LHAI - Get Free Report) CEO Zhen Qin sold 625,000 shares of the company's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $0.80, for a total transaction of $500,000.00. Following the sale, the chief executive officer directly owned 3,820,000 shares of the company's stock, valued at $3,056,000. The trade was a 14.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Zhen Qin also recently made the following trade(s):
- On Friday, July 31st, Zhen Qin sold 625,000 shares of Linkhome stock. The stock was sold at an average price of $0.80, for a total transaction of $500,000.00.
Linkhome Trading Down 2.7%
LHAI opened at $0.82 on Friday. The company's 50 day moving average is $0.98 and its 200 day moving average is $1.18. The company has a market cap of $13.34 million and a price-to-earnings ratio of -41.10. Linkhome Holdings Inc. has a 12-month low of $0.53 and a 12-month high of $15.66.
Linkhome (NASDAQ:LHAI - Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.01) earnings per share for the quarter. Linkhome had a negative return on equity of 7.17% and a negative net margin of 2.21%.The business had revenue of $4.91 million during the quarter.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised shares of Linkhome from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has an average rating of "Sell".
Check Out Our Latest Stock Analysis on Linkhome
Institutional Trading of Linkhome
Hedge funds and other institutional investors have recently bought and sold shares of the business. 683 Capital Management LLC purchased a new stake in shares of Linkhome during the fourth quarter valued at $573,000. OMERS ADMINISTRATION Corp bought a new position in Linkhome in the 4th quarter worth about $175,000. Cerity Partners LLC purchased a new position in shares of Linkhome during the fourth quarter worth approximately $91,000. Goldman Sachs Group Inc. purchased a new position in shares of Linkhome during the fourth quarter worth approximately $101,000. Finally, Millennium Management LLC bought a new stake in shares of Linkhome during the third quarter valued at approximately $268,000.
Linkhome Company Profile
(
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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