Key Points
- Innovation Foundation Us sold 3.02 million Linkhome shares at an average price of $0.53, generating $1.6 million and reducing its position by 79.06% to 800,000 shares.
- Linkhome shares opened at $1.05, with a market capitalization of $17.36 million; the stock has traded between $0.53 and $15.66 over the past year.
- Analyst sentiment remains negative: Linkhome carries an average “Sell” rating, while its latest quarter showed a $0.01-per-share loss and $5.41 million in revenue.
Linkhome Holdings Inc. (NASDAQ:LHAI - Get Free Report) major shareholder Innovation Foundation Us sold 3,020,000 shares of the company's stock in a transaction on Monday, October 19th. The shares were sold at an average price of $0.53, for a total transaction of $1,600,600.00. Following the completion of the sale, the insider owned 800,000 shares of the company's stock, valued at approximately $424,000. This trade represents a 79.06% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
Linkhome Price Performance
Shares of NASDAQ:LHAI opened at $1.05 on Friday. The stock has a market cap of $17.36 million, a P/E ratio of -35.00 and a beta of -0.07. The firm has a fifty day moving average price of $0.99 and a 200 day moving average price of $1.00. Linkhome Holdings Inc. has a 1-year low of $0.53 and a 1-year high of $15.66.
Linkhome (NASDAQ:LHAI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 12th. The company reported ($0.01) earnings per share (EPS) for the quarter. The business had revenue of $5.41 million for the quarter. Linkhome had a negative return on equity of 7.86% and a negative net margin of 2.83%.
Analyst Ratings Changes
Several brokerages have recently weighed in on LHAI. Wall Street Zen upgraded shares of Linkhome to a "sell" rating in a research note on Saturday, September 19th. Weiss Ratings raised Linkhome from a "sell (d-)" rating to a "sell (d)" rating in a report on Monday, August 3rd. One research analyst has rated the stock with a Sell rating. According to data from MarketBeat, Linkhome has an average rating of "Sell".
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About Linkhome
(
Get Free Report)
Linkhome Holdings Inc is a China-based real estate services company that operates through the Linkhome brand. The company focuses on housing rental and related property services, serving as an intermediary between property owners and tenants.
Its business activities include real estate brokerage, rental management, and property management services. Linkhome's offerings are designed to support the leasing and administration of residential properties, including assistance with tenant placement and ongoing property-related services.
The company's operations are concentrated in China.
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