Changyou.com Ltd. (CYOU) Receives $21.94 Average Target Price from Analysts
Shares of Changyou.com Ltd. (NASDAQ:CYOU) have earned an average rating of “Hold” from the eight ratings firms that are currently covering the company. Two analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $21.94.
CYOU has been the topic of a number of research reports. TheStreet upgraded shares of Changyou.com from a “hold” rating to a “buy” rating in a report on Wednesday, September 14th. Deutsche Bank AG assumed coverage on shares of Changyou.com in a report on Friday, September 9th. They set a “buy” rating and a $31.70 price target on the stock. Zacks Investment Research lowered shares of Changyou.com from a “buy” rating to a “hold” rating in a report on Monday, July 25th. Finally, Macquarie lowered shares of Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 price target on the stock. in a report on Tuesday, July 26th.
Changyou.com (NASDAQ:CYOU) opened at 26.86 on Thursday. Changyou.com has a 52 week low of $15.21 and a 52 week high of $30.28. The stock has a 50 day moving average of $0.00 and a 200-day moving average of $0.00.
Changyou.com (NASDAQ:CYOU) last released its earnings results on Monday, October 24th. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.31. Changyou.com had a net margin of 25.58% and a return on equity of 12.95%. The business had revenue of $136 million for the quarter, compared to the consensus estimate of $131.04 million. During the same period in the previous year, the firm earned $1.43 EPS. The business’s revenue for the quarter was down 28.1% on a year-over-year basis. On average, equities analysts anticipate that Changyou.com will post $2.66 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. KCG Holdings Inc. bought a new position in Changyou.com during the third quarter valued at $321,000. Morgan Stanley raised its position in Changyou.com by 1,621.1% in the third quarter. Morgan Stanley now owns 121,392 shares of the company’s stock valued at $3,308,000 after buying an additional 114,339 shares in the last quarter. Westpac Banking Corp bought a new position in Changyou.com during the third quarter valued at $1,752,000. Schroder Investment Management Group raised its position in Changyou.com by 41.1% in the third quarter. Schroder Investment Management Group now owns 312,200 shares of the company’s stock valued at $8,507,000 after buying an additional 90,900 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Changyou.com by 12.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 44,212 shares of the company’s stock valued at $1,205,000 after buying an additional 5,039 shares in the last quarter. Hedge funds and other institutional investors own 11.50% of the company’s stock.
Changyou.com Company Profile
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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