Linkhome (NASDAQ:LHAI) Posts Quarterly Earnings Results
by Teresa Graham · The Cerbat GemLinkhome (NASDAQ:LHAI – Get Free Report) announced its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. Linkhome had a negative net margin of 2.21% and a negative return on equity of 7.70%. The firm had revenue of $4.91 million during the quarter.
Linkhome Stock Down 3.9%
Linkhome stock traded down $0.04 during mid-day trading on Friday, reaching $0.95. 72,573 shares of the company’s stock were exchanged, compared to its average volume of 381,914. The business’s fifty day simple moving average is $1.20 and its 200 day simple moving average is $5.10. Linkhome has a one year low of $0.53 and a one year high of $22.33. The firm has a market capitalization of $15.35 million and a PE ratio of -47.30.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen raised shares of Linkhome from a “sell” rating to a “hold” rating in a research report on Sunday, February 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.
Read Our Latest Stock Analysis on Linkhome
Insider Transactions at Linkhome
In other news, CEO Zhen Qin sold 1,413,333 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $1.50, for a total transaction of $2,119,999.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Hedge Funds Weigh In On Linkhome
Several institutional investors have recently added to or reduced their stakes in LHAI. FNY Investment Advisers LLC bought a new stake in Linkhome in the fourth quarter worth about $87,000. Cerity Partners LLC bought a new position in shares of Linkhome during the 4th quarter valued at approximately $91,000. Goldman Sachs Group Inc. purchased a new stake in shares of Linkhome during the 4th quarter worth approximately $101,000. Citadel Advisors LLC bought a new stake in shares of Linkhome in the 3rd quarter worth approximately $120,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Linkhome in the 4th quarter worth approximately $175,000.
About Linkhome
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.