Zhen Qin Sells 166,667 Shares of Linkhome (NASDAQ:LHAI) Stock

Linkhome Holdings Inc. (NASDAQ:LHAI) CEO Zhen Qin sold 166,667 shares of the firm’s stock in a transaction on Friday, January 16th. The shares were sold at an average price of $1.50, for a total value of $250,000.50. Following the sale, the chief executive officer directly owned 633,333 shares of the company’s stock, valued at approximately $949,999.50. This represents a 20.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Zhen Qin also recently made the following trade(s):

• On Tuesday, March 17th, Zhen Qin sold 1,413,333 shares of Linkhome stock. The shares were sold at an average price of $1.50, for a total transaction of $2,119,999.50.

Linkhome Stock Performance

LHAI stock traded down $0.04 during mid-day trading on Thursday, hitting $0.98. The company had a trading volume of 125,485 shares, compared to its average volume of 453,360. The firm has a market cap of $15.98 million and a PE ratio of -49.22. Linkhome Holdings Inc. has a 12 month low of $0.53 and a 12 month high of $22.33. The stock’s fifty day moving average price is $1.20 and its two-hundred day moving average price is $5.10.

Linkhome (NASDAQ:LHAI) last issued its earnings results on Wednesday, May 13th. The company reported ($0.01) earnings per share (EPS) for the quarter. The firm had revenue of $4.91 million during the quarter. Linkhome had a negative net margin of 2.21% and a negative return on equity of 7.70%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. FNY Investment Advisers LLC bought a new stake in shares of Linkhome during the fourth quarter valued at about $87,000. Cerity Partners LLC bought a new position in shares of Linkhome in the fourth quarter valued at approximately $91,000. Citadel Advisors LLC purchased a new position in Linkhome during the third quarter valued at approximately $120,000. Goldman Sachs Group Inc. bought a new stake in Linkhome during the 4th quarter worth approximately $101,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in Linkhome during the 4th quarter worth approximately $175,000.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of Linkhome from a “sell” rating to a “hold” rating in a research note on Sunday, February 1st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Linkhome 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.