Linkhome (NASDAQ:LHAI) Major Shareholder Innovation Foundation Us Sells 3,020,000 Shares of Stock

Linkhome Holdings Inc. (NASDAQ:LHAI) major shareholder Innovation Foundation Us sold 3,020,000 shares of the company’s stock in a transaction dated Monday, October 19th. The stock was sold at an average price of $0.53, for a total value of $1,600,600.00. Following the transaction, the insider directly owned 800,000 shares of the company’s stock, valued at approximately $424,000. This represents a 79.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Linkhome Stock Performance

LHAI opened at $1.05 on Friday. Linkhome Holdings Inc. has a one year low of $0.53 and a one year high of $15.66. The company has a market cap of $17.36 million, a P/E ratio of -35.00 and a beta of -0.07. The business’s 50-day simple moving average is $0.99 and its 200-day simple moving average is $1.00.

Linkhome (NASDAQ:LHAI) last posted its earnings results on Wednesday, August 12th. The company reported ($0.01) earnings per share for the quarter. The business had revenue of $5.41 million for the quarter. Linkhome had a negative return on equity of 7.86% and a negative net margin of 2.83%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on LHAI. Weiss Ratings upgraded shares of Linkhome from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, August 3rd. Wall Street Zen upgraded shares of Linkhome to a “sell” rating in a research note on Saturday, September 19th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, Linkhome has an average rating of “Sell”.

About Linkhome

Linkhome Holdings Inc is a China-based real estate services company that operates through the Linkhome brand. The company focuses on housing rental and related property services, serving as an intermediary between property owners and tenants.

Its business activities include real estate brokerage, rental management, and property management services. Linkhome’s offerings are designed to support the leasing and administration of residential properties, including assistance with tenant placement and ongoing property-related services.

The company’s operations are concentrated in China.