Changyou.Com (CYOU) Downgraded by BidaskClub

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Changyou.Com (NASDAQ:CYOU) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

CYOU has been the topic of several other research reports. ValuEngine downgraded shares of Changyou.Com from a “hold” rating to a “sell” rating in a report on Friday, January 4th. Zacks Investment Research upgraded shares of Changyou.Com from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, February 12th. Three investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $30.33.

Shares of Changyou.Com stock opened at $19.25 on Thursday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.26 and a beta of 0.72. The company has a quick ratio of 2.00, a current ratio of 1.75 and a debt-to-equity ratio of 0.26. Changyou.Com has a one year low of $12.68 and a one year high of $31.36.

Changyou.Com (NASDAQ:CYOU) last announced its earnings results on Friday, February 1st. The technology company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.30). The firm had revenue of $117.80 million during the quarter, compared to the consensus estimate of $116.25 million. Changyou.Com had a return on equity of 8.86% and a net margin of 17.36%. The business’s revenue for the quarter was down 18.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.64 earnings per share. On average, sell-side analysts anticipate that Changyou.Com will post 1.92 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of CYOU. US Bancorp DE increased its holdings in shares of Changyou.Com by 327.2% during the third quarter. US Bancorp DE now owns 8,357 shares of the technology company’s stock valued at $110,000 after acquiring an additional 6,401 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Changyou.Com by 265.1% during the third quarter. Wells Fargo & Company MN now owns 12,998 shares of the technology company’s stock valued at $172,000 after acquiring an additional 9,438 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Changyou.Com by 11.8% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 190,856 shares of the technology company’s stock valued at $2,519,000 after acquiring an additional 20,132 shares in the last quarter. Jupiter Asset Management Ltd. increased its holdings in shares of Changyou.Com by 9.6% during the third quarter. Jupiter Asset Management Ltd. now owns 150,748 shares of the technology company’s stock valued at $1,985,000 after acquiring an additional 13,239 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Changyou.Com during the third quarter valued at about $246,000. Hedge funds and other institutional investors own 26.62% of the company’s stock.

About Changyou.Com

Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Others segments. It develops, operates, and licenses online games, including interactive online games that are accessed and played simultaneously by various game players through personal computers; and mobile games played on mobile devices.

Further Reading: How to find the components of the quick ratio

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