Phoenix New Media Ltd. (NYSE:FENG) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.
Zacks has also assigned Phoenix New Media an industry rank of 188 out of 265 based on the ratings given to its competitors.
Separately, JPMorgan Chase & Co. started coverage on shares of Phoenix New Media in a report on Wednesday, August 31st. They set an “overweight” rating and a $4.30 price objective on the stock.
Institutional investors have recently modified their holdings of the company. Edmond DE Rothschild Holding S.A. acquired a new position in shares of Phoenix New Media during the first quarter valued at $120,000. State Street Corp increased its position in shares of Phoenix New Media by 17.9% in the first quarter. State Street Corp now owns 59,656 shares of the company’s stock valued at $266,000 after buying an additional 9,046 shares during the period. Acadian Asset Management LLC increased its position in shares of Phoenix New Media by 88.9% in the second quarter. Acadian Asset Management LLC now owns 113,814 shares of the company’s stock valued at $419,000 after buying an additional 53,555 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in shares of Phoenix New Media by 132.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 97,568 shares of the company’s stock valued at $434,000 after buying an additional 55,681 shares during the period. Finally, Indus Capital Partners LLC increased its position in shares of Phoenix New Media by 35.4% in the second quarter. Indus Capital Partners LLC now owns 135,449 shares of the company’s stock valued at $498,000 after buying an additional 35,400 shares during the period. Institutional investors own 19.30% of the company’s stock.
Phoenix New Media (NYSE:FENG) opened at 3.61 on Thursday. The stock has a market cap of $278.08 million, a P/E ratio of 24.23 and a beta of 0.95. Phoenix New Media has a one year low of $3.31 and a one year high of $6.19. The firm’s 50-day moving average is $3.65 and its 200 day moving average is $3.85.
Phoenix New Media (NYSE:FENG) last posted its quarterly earnings data on Tuesday, August 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.03) by $0.02. Phoenix New Media had a net margin of 4.79% and a return on equity of 3.53%. The firm had revenue of $44.70 million for the quarter, compared to the consensus estimate of $52.16 million. During the same quarter in the prior year, the company posted $0.09 earnings per share. The company’s revenue for the quarter was down 34.5% compared to the same quarter last year. On average, analysts anticipate that Phoenix New Media will post $0.03 EPS for the current fiscal year.
About Phoenix New Media
Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.
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