SouFun Holdings Ltd (SFUN) is Initiated by Brean Capital to Hold

SouFun Holdings Ltd (SFUN) was Initiated by Brean Capital to “Hold”. Brean Capital advised their investors in a research report released on Jun 7, 2016.

Many Wall Street Analysts have commented on SouFun Holdings Ltd. SouFun Holdings Ltd was Upgraded by Morgan Stanley to ” Overweight” on Mar 21, 2016.

On the company’s financial health, SouFun Holdings Ltd reported $-0.23 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Jun 2, 2016. Analyst had a consensus of $-0.13. The company had revenue of $204.60 million for the quarter, compared to analysts expectations of $187.80 million. The company’s revenue was up 62.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS.

SouFun Holdings Ltd closed down -0.45 points or -8.09% at $5.11 with 83,16,856 shares getting traded on Friday. Post opening the session at $5.5, the shares hit an intraday low of $5.09 and an intraday high of $5.54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

SouFun Holdings Limited operates as a real estate Internet portal in China. The Company also operates home furnishing and improvement Websites. Its Websites and mobile applications support online communities and networks of users seeking information on and services for the real estate and home-related sectors in China. The Company’s Website contains contents covering more than 350 cities across China as well as Hong Kong Taiwan Singapore and Vancouver Canada. This Website also contains links to other specialized real estate and home furnishing and improvement Websites including its Website its e-commerce transaction and payment platform and Website its financing platform. The Company’s service offerings include marketing services e-commerce services listing services and other value-added services.

SouFun Holdings Ltd

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