Linkhome (NASDAQ:LHAI) Posts Quarterly Earnings Results

Linkhome (NASDAQ:LHAI) released its earnings results on Wednesday. The company reported ($0.01) earnings per share (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 Price Performance

Shares of NASDAQ:LHAI traded up $0.01 on Thursday, hitting $0.81. 30,742 shares of the company’s stock were exchanged, compared to its average volume of 3,501,282. The stock has a market capitalization of $13.23 million and a price-to-earnings ratio of -40.75. Linkhome has a 12 month low of $0.53 and a 12 month high of $15.66. The business’s 50 day simple moving average is $0.97 and its two-hundred day simple moving average is $1.13.

Analyst Ratings Changes

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

Insider Activity at Linkhome

In other news, CEO Zhen Qin sold 625,000 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $0.80, for a total value of $500,000.00. Following the transaction, the chief executive officer directly owned 3,820,000 shares in the company, valued at approximately $3,056,000. This represents a 14.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 31.24% of the company’s stock.

Institutional Investors Weigh In On Linkhome

Large investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC purchased a new position in shares of Linkhome during the fourth quarter worth approximately $91,000. Goldman Sachs Group Inc. purchased a new stake in shares of Linkhome in the fourth quarter valued at approximately $101,000. Citadel Advisors LLC purchased a new stake in shares of Linkhome in the third quarter valued at approximately $120,000. OMERS ADMINISTRATION Corp purchased a new position in Linkhome during the 4th quarter worth $175,000. Finally, Millennium Management LLC purchased a new position in Linkhome during the 3rd quarter worth $268,000.

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.