Changyou.Com Ltd (NASDAQ:CYOU) has received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $30.00.
CYOU has been the topic of several research analyst reports. BidaskClub raised Changyou.Com from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 15th. Credit Suisse Group raised Changyou.Com from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 31st. Finally, Zacks Investment Research raised Changyou.Com from a “hold” rating to a “strong-buy” rating and set a $15.00 price target on the stock in a research report on Monday, October 1st.
Shares of NASDAQ CYOU traded down $0.16 during midday trading on Thursday, hitting $12.75. 3,047 shares of the company’s stock were exchanged, compared to its average volume of 204,935. Changyou.Com has a twelve month low of $12.68 and a twelve month high of $40.76. The firm has a market capitalization of $695.88 million, a PE ratio of 6.25 and a beta of 0.49.
Changyou.Com (NASDAQ:CYOU) last issued its earnings results on Monday, July 30th. The technology company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.07. The business had revenue of $112.83 million for the quarter, compared to analyst estimates of $118.68 million. Changyou.Com had a return on equity of 3.92% and a net margin of 8.28%. The business’s quarterly revenue was down 25.0% on a year-over-year basis. During the same quarter last year, the company earned $1.14 EPS. On average, sell-side analysts forecast that Changyou.Com will post 1.22 earnings per share for the current year.
Hedge funds have recently made changes to their positions in the business. Quantitative Systematic Strategies LLC purchased a new stake in shares of Changyou.Com in the second quarter valued at approximately $249,000. Point72 Asset Management L.P. acquired a new position in Changyou.Com during the first quarter worth $351,000. Sei Investments Co. raised its holdings in Changyou.Com by 29.2% during the first quarter. Sei Investments Co. now owns 21,700 shares of the technology company’s stock worth $605,000 after purchasing an additional 4,900 shares during the last quarter. Bank of Montreal Can raised its holdings in Changyou.Com by 13.4% during the second quarter. Bank of Montreal Can now owns 64,760 shares of the technology company’s stock worth $1,080,000 after purchasing an additional 7,656 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Changyou.Com by 24.9% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 66,684 shares of the technology company’s stock worth $1,112,000 after purchasing an additional 13,284 shares during the last quarter. Institutional investors own 26.52% of the company’s stock.
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.
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