Changyou.com Ltd. (NASDAQ:CYOU) Receives Consensus Rating of “Hold” from Analysts
Shares of Changyou.com Ltd. (NASDAQ:CYOU) have been assigned a consensus rating of “Hold” from the nine analysts that are covering the stock. Three research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $21.28.
Several equities analysts recently issued reports on the company. Zacks Investment Research lowered Changyou.com from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. TheStreet raised Changyou.com from a “hold” rating to a “buy” rating in a research note on Wednesday, September 14th. Deutsche Bank AG assumed coverage on Changyou.com in a research note on Friday, September 9th. They set a “buy” rating and a $31.70 target price on the stock. Finally, Macquarie lowered Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 target price on the stock. in a research note on Tuesday, July 26th.
Large investors have recently modified their holdings of the company. Numeric Investors LLC bought a new stake in shares of Changyou.com during the second quarter valued at $320,000. Jane Street Group LLC increased its position in Changyou.com by 11.4% in the second quarter. Jane Street Group LLC now owns 14,651 shares of the company’s stock worth $294,000 after buying an additional 1,502 shares during the last quarter. State Street Corp acquired a new position in Changyou.com during the second quarter worth approximately $697,000. GAM Holding AG increased its position in Changyou.com by 100.0% in the second quarter. GAM Holding AG now owns 20,000 shares of the company’s stock worth $395,000 after buying an additional 10,000 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Changyou.com by 102.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 39,173 shares of the company’s stock worth $785,000 after buying an additional 19,853 shares during the last quarter. Institutional investors own 11.46% of the company’s stock.
Shares of Changyou.com (NASDAQ:CYOU) traded down 0.25% during midday trading on Thursday, reaching $28.03. The company’s stock had a trading volume of 260,652 shares. The company has a market cap of $1.46 billion, a P/E ratio of 8.01 and a beta of 1.14. The stock’s 50-day moving average price is $25.65 and its 200-day moving average price is $21.11. Changyou.com has a 12-month low of $15.21 and a 12-month high of $30.28.
Changyou.com (NASDAQ:CYOU) last announced its quarterly earnings results on Monday, August 1st. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. Changyou.com had a return on equity of 17.22% and a net margin of 30.31%. The business had revenue of $129 million for the quarter, compared to analyst estimates of $129.30 million. During the same quarter in the prior year, the company posted $0.95 EPS. The company’s quarterly revenue was down 36.1% on a year-over-year basis. On average, analysts expect 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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