Changyou.com Ltd. (NASDAQ:CYOU) has received a consensus recommendation of “Hold” from the eight brokerages that are covering the company. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $21.94.
A number of research firms recently issued reports on CYOU. Zacks Investment Research downgraded shares of Changyou.com from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 4th. Macquarie downgraded shares of Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 target price for the company. in a research note on Tuesday, July 26th. Deutsche Bank AG began coverage on shares of Changyou.com in a research note on Friday, September 9th. They issued a “buy” rating and a $31.70 target price for the company. Finally, TheStreet upgraded shares of Changyou.com from a “hold” rating to a “buy” rating in a research note on Wednesday, September 14th.
Several institutional investors have recently added to or reduced their stakes in CYOU. UBS Asset Management Americas Inc. raised its position in Changyou.com by 5.7% in the first quarter. UBS Asset Management Americas Inc. now owns 710,729 shares of the company’s stock worth $13,347,000 after buying an additional 38,200 shares during the period. Bogle Investment Management L P DE purchased a new position in Changyou.com during the first quarter worth approximately $1,046,000. Penserra Capital Management LLC raised its position in Changyou.com by 90.8% in the second quarter. Penserra Capital Management LLC now owns 6,190 shares of the company’s stock worth $124,000 after buying an additional 2,946 shares during the period. Bank of Montreal Can purchased a new position in Changyou.com during the second quarter worth approximately $1,194,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in Changyou.com by 263.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 19,320 shares of the company’s stock worth $363,000 after buying an additional 14,001 shares during the period. Institutional investors own 11.46% of the company’s stock.
Changyou.com (NASDAQ:CYOU) opened at 27.30 on Thursday. The firm has a market capitalization of $1.43 billion, a PE ratio of 7.80 and a beta of 1.14. The company’s 50-day moving average is $26.18 and its 200-day moving average is $21.32. Changyou.com has a 52-week low of $15.21 and a 52-week high of $30.28.
Changyou.com (NASDAQ:CYOU) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.08. Changyou.com had a net margin of 30.31% and a return on equity of 17.22%. The business earned $129 million during the quarter, compared to the consensus estimate of $129.30 million. During the same quarter last year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was down 36.1% compared to the same quarter last year. Analysts forecast that Changyou.com will post $2.37 EPS for the current fiscal year.
Changyou.com Limited is an online game developer and operator. The Company is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. The Company’s segments include Online Game segment, which consists of PC games, mobile games and Web games, and the Platform Channel segment, which consists primarily of online advertising services on the 17173.com Website, and a relatively small amount of Internet value-added services (IVAS).
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