Somewhat Positive Media Coverage Somewhat Unlikely to Affect SouFun Holdings Limited (SFUN) Share Price
Media headlines about SouFun Holdings Limited (NYSE:SFUN) have been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SouFun Holdings Limited earned a news sentiment score of 0.18 on Accern’s scale. Accern also gave news stories about the information services provider an impact score of 45.2516225412512 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of SouFun Holdings Limited (NYSE SFUN) traded down 1.44% during midday trading on Friday, hitting $4.10. The company had a trading volume of 533,111 shares. SouFun Holdings Limited has a 52 week low of $2.46 and a 52 week high of $4.70. The firm’s 50 day moving average is $4.04 and its 200 day moving average is $3.53. The company’s market capitalization is $1.78 billion.
SouFun Holdings Limited (NYSE:SFUN) last announced its quarterly earnings results on Tuesday, August 29th. The information services provider reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). SouFun Holdings Limited had a negative net margin of 4.57% and a negative return on equity of 8.80%. The business had revenue of $110.09 million for the quarter, compared to analysts’ expectations of $131.83 million. During the same quarter in the prior year, the firm earned ($0.08) EPS. The firm’s revenue for the quarter was down 61.6% on a year-over-year basis. Equities research analysts anticipate that SouFun Holdings Limited will post $0.04 EPS for the current year.
SFUN has been the subject of several analyst reports. Zacks Investment Research raised SouFun Holdings Limited from a “hold” rating to a “buy” rating and set a $4.25 price objective for the company in a report on Wednesday, July 5th. Bank of America Corporation reissued a “buy” rating and set a $4.60 price target (down previously from $5.00) on shares of SouFun Holdings Limited in a report on Wednesday, June 21st. T.H. Capital lowered their price target on SouFun Holdings Limited from $9.00 to $4.50 and set a “buy” rating for the company in a report on Friday, June 16th. Finally, BidaskClub raised SouFun Holdings Limited from a “hold” rating to a “buy” rating in a report on Friday, September 8th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $3.73.
About SouFun Holdings Limited
Fang Holdings Limited, formerly SouFun Holdings Limited, operates as a real estate Internet portal in China. The Company’s Websites and mobile applications support active online communities and networks of users seeking information on, and services for, the real estate and home-related sectors in China.
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