Zacks Investment Research Lowers Changyou.com Limited (CYOU) to Hold
Zacks Investment Research lowered shares of Changyou.com Limited (NASDAQ:CYOU) from a strong-buy rating to a hold rating in a report published on Monday morning.
According to Zacks, “Changyou.com Limited is a developer and operator of online games in China. It engages in the development, operation, and licensing of massively multi-player online role-playing games, which are interactive online games that are played simultaneously by various game players. The company currently operates two multi-player online role-playing games (MMORPGs), including the in-house developed Tian Long Ba Bu and the licensed Blade Online. Changyou.com has three MMORPGs in the pipeline, which include the Duke of Mount Deer, Immortal Faith, and the Legend of the Ancient World. Based in Beijing, the People’s Republic of China, Changyou.com Limited is a subsidiary of Sohu.com Inc. “
Other research analysts have also issued research reports about the stock. TheStreet upgraded shares of Changyou.com Limited from a c+ rating to a b rating in a research note on Wednesday, August 16th. BidaskClub lowered shares of Changyou.com Limited from a strong-buy rating to a buy rating in a research report on Tuesday, August 15th. Deutsche Bank AG lowered shares of Changyou.com Limited from a buy rating to a hold rating and set a $44.00 target price on the stock. in a research report on Tuesday, August 1st. Citigroup Inc. upgraded shares of Changyou.com Limited from a sell rating to a neutral rating in a research report on Monday, June 5th. Finally, ValuEngine upgraded shares of Changyou.com Limited from a buy rating to a strong-buy rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $38.06.
Shares of Changyou.com Limited (NASDAQ CYOU) traded down 0.05% on Monday, reaching $40.17. 16,162 shares of the company’s stock were exchanged. Changyou.com Limited has a 12 month low of $21.13 and a 12 month high of $44.55.
Changyou.com Limited (NASDAQ:CYOU) last announced its quarterly earnings results on Monday, July 31st. The technology company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.44. Changyou.com Limited had a net margin of 30.03% and a return on equity of 13.57%. The business had revenue of $150.40 million for the quarter, compared to analyst estimates of $158.05 million. During the same quarter in the prior year, the business earned $0.68 EPS. Changyou.com Limited’s quarterly revenue was up 16.4% on a year-over-year basis. On average, analysts forecast that Changyou.com Limited will post $3.90 earnings per share for the current fiscal year.
Several large investors have recently made changes to their positions in CYOU. PSquared Asset Management AG acquired a new position in shares of Changyou.com Limited during the 2nd quarter worth approximately $27,102,000. FIL Ltd grew its position in shares of Changyou.com Limited by 243.8% during the 1st quarter. FIL Ltd now owns 355,570 shares of the technology company’s stock worth $9,970,000 after purchasing an additional 252,160 shares in the last quarter. Yiheng Capital LLC acquired a new position in shares of Changyou.com Limited during the 2nd quarter worth approximately $7,491,000. Farallon Capital Management LLC acquired a new position in shares of Changyou.com Limited during the 2nd quarter worth approximately $6,233,000. Finally, Capital Fund Management S.A. grew its position in shares of Changyou.com Limited by 1,298.3% during the 2nd quarter. Capital Fund Management S.A. now owns 117,453 shares of the technology company’s stock worth $4,552,000 after purchasing an additional 109,053 shares in the last quarter. Hedge funds and other institutional investors own 26.54% of the company’s stock.
Changyou.com Limited 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 primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater.
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