The firm maintained its "buy" rating on the stock and said property data indicates the company would meet the firm's expectations of $22 million in non-GAAP net income in the second quarter. The firm also believes mobile will drive upside.
The stock rose 0.82% to $9.72 in after-hours trading. E-House had closed up 2.99% to $9.64 on Monday. More than 3.25 million shares changed hands, compared to the average volume of 1,903,350.
Separately, TheStreet Ratings team rates E-HOUSE CHINA HOLDINGS -ADR as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate E-HOUSE CHINA HOLDINGS -ADR (EJ) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we find that the company's return on equity has been disappointing."
Highlights from the analysis by TheStreet Ratings Team goes as follows: