Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Changyou.com Limited (CYOU) Stock Price
News headlines about Changyou.com Limited (NASDAQ:CYOU) have trended somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Changyou.com Limited earned a news impact score of 0.15 on Accern’s scale. Accern also gave headlines about the technology company an impact score of 45.5555331036553 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Changyou.com Limited (NASDAQ:CYOU) traded up 0.553% during trading on Wednesday, reaching $39.955. The company’s stock had a trading volume of 12,300 shares. Changyou.com Limited has a 12 month low of $21.13 and a 12 month high of $44.55. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 13.318 and a beta of 1.18. The stock’s 50 day moving average is $39.91 and its 200 day moving average is $37.15.
Changyou.com Limited (NASDAQ:CYOU) last posted its earnings results on Monday, July 31st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.44. The firm had revenue of $150.40 million for the quarter, compared to the consensus estimate of $158.05 million. Changyou.com Limited had a return on equity of 13.57% and a net margin of 30.03%. The business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.68 earnings per share. On average, equities analysts expect that Changyou.com Limited will post $3.90 EPS for the current fiscal year.
CYOU has been the topic of a number of recent research reports. Credit Suisse Group initiated coverage on Changyou.com Limited in a research note on Tuesday, October 3rd. They set a “neutral” rating and a $40.30 target price on the stock. BidaskClub lowered Changyou.com Limited from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Deutsche Bank AG lowered Changyou.com Limited from a “buy” rating to a “hold” rating and set a $44.00 price objective on the stock. in a research note on Tuesday, August 1st. ValuEngine upgraded Changyou.com Limited from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Zacks Investment Research lowered Changyou.com Limited from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Changyou.com Limited has an average rating of “Hold” and a consensus price target of $38.06.
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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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