Linkhome (NASDAQ:LHAI) Announces Quarterly Earnings Results

Linkhome (NASDAQ:LHAI) released its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, FiscalAI reports. The firm had revenue of $5.41 million during the quarter. Linkhome had a negative return on equity of 7.17% and a negative net margin of 2.21%.

Linkhome Stock Down 0.2%

Shares of NASDAQ LHAI traded down $0.00 during trading on Wednesday, hitting $0.81. 114,201 shares of the company traded hands, compared to its average volume of 3,524,017. Linkhome has a 1 year low of $0.53 and a 1 year high of $15.66. The company has a 50-day moving average price of $0.97 and a 200-day moving average price of $1.14. The firm has a market capitalization of $13.15 million and a P/E ratio of -40.50.

Insider Buying and Selling at Linkhome

In related news, CEO Zhen Qin sold 625,000 shares of Linkhome stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $0.80, for a total value of $500,000.00. Following the transaction, the chief executive officer owned 3,820,000 shares in the company, valued at approximately $3,056,000. This trade represents a 14.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 31.24% of the company’s stock.

Hedge Funds Weigh In On Linkhome

A number of large investors have recently modified their holdings of LHAI. 683 Capital Management LLC purchased a new stake in Linkhome during the fourth quarter worth approximately $573,000. Millennium Management LLC acquired a new position in shares of Linkhome during the 3rd quarter valued at $268,000. OMERS ADMINISTRATION Corp acquired a new position in shares of Linkhome during the 4th quarter valued at $175,000. Goldman Sachs Group Inc. purchased a new stake in Linkhome during the 4th quarter worth $101,000. Finally, Citadel Advisors LLC acquired a new stake in Linkhome in the 3rd quarter valued at $120,000.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 3rd. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.