Fang (SFUN) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Fang (NYSE:SFUN) from a hold rating to a buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $5.75 price target on the information services provider’s stock.

According to Zacks, “Fang Holdings Limited operates as a real estate Internet portal primarily in China. It provides marketing, e-commerce, listing and other value-added services for real estate and home furnishing and improvement sectors. Fang Holdings Limited, formerly known as SouFun Holdings Limited, is based in Beijing, China. “

Other equities analysts have also issued research reports about the company. Bank of America restated a buy rating and set a $4.63 price objective (down previously from $5.30) on shares of Fang in a research note on Tuesday, December 26th. ValuEngine lowered Fang from a hold rating to a sell rating in a research note on Friday, December 1st. Finally, BidaskClub upgraded Fang from a buy rating to a strong-buy rating in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Fang presently has a consensus rating of Hold and an average price target of $4.96.

Fang (NYSE SFUN) opened at $5.24 on Wednesday. The firm has a market capitalization of $2,316.47, a P/E ratio of -262.00 and a beta of 1.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.03 and a current ratio of 1.03. Fang has a 52 week low of $2.46 and a 52 week high of $5.58.

Fang (NYSE:SFUN) last posted its quarterly earnings data on Friday, November 17th. The information services provider reported $0.03 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.03. Fang had a negative return on equity of 3.20% and a negative net margin of 1.83%. The firm had revenue of $112.20 million for the quarter, compared to analyst estimates of $106.39 million. During the same quarter last year, the company earned ($0.03) EPS. The company’s revenue was down 55.1% on a year-over-year basis. research analysts expect that Fang will post 0.08 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in shares of Fang by 5.5% in the 2nd quarter. Wells Fargo & Company MN now owns 42,686 shares of the information services provider’s stock valued at $158,000 after purchasing an additional 2,223 shares in the last quarter. Profund Advisors LLC boosted its holdings in shares of Fang by 21.9% in the 2nd quarter. Profund Advisors LLC now owns 46,110 shares of the information services provider’s stock valued at $171,000 after purchasing an additional 8,285 shares in the last quarter. Intellectus Partners LLC acquired a new stake in shares of Fang in the 2nd quarter valued at $186,000. Pictet Asset Management Ltd. acquired a new stake in shares of Fang in the 3rd quarter valued at $325,000. Finally, Royal Bank of Canada boosted its holdings in shares of Fang by 39.9% in the 2nd quarter. Royal Bank of Canada now owns 88,871 shares of the information services provider’s stock valued at $330,000 after purchasing an additional 25,359 shares in the last quarter. Hedge funds and other institutional investors own 45.34% of the company’s stock.

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About Fang

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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