Zacks: Phoenix New Media Limited (FENG) Receives Consensus Recommendation of “Strong Buy” from Brokerages
Shares of Phoenix New Media Limited (NYSE:FENG) have received an average broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Zacks has also given Phoenix New Media Limited an industry rank of 208 out of 265 based on the ratings given to its competitors.
Several analysts have recently issued reports on FENG shares. Macquarie raised Phoenix New Media Limited from a “neutral” rating to an “outperform” rating in a report on Tuesday. BidaskClub lowered Phoenix New Media Limited from a “buy” rating to a “hold” rating in a report on Wednesday, September 13th.
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Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sylebra HK Co Ltd acquired a new stake in Phoenix New Media Limited in the third quarter valued at about $5,617,000. Hermes Investment Management Ltd. boosted its stake in Phoenix New Media Limited by 28.9% in the second quarter. Hermes Investment Management Ltd. now owns 714,652 shares of the information services provider’s stock valued at $1,880,000 after buying an additional 160,199 shares in the last quarter. GAM Holding AG acquired a new stake in Phoenix New Media Limited in the second quarter valued at about $395,000. Dimensional Fund Advisors LP boosted its stake in Phoenix New Media Limited by 52.2% in the second quarter. Dimensional Fund Advisors LP now owns 184,695 shares of the information services provider’s stock valued at $486,000 after buying an additional 63,378 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its stake in Phoenix New Media Limited by 106.9% in the third quarter. Russell Investments Group Ltd. now owns 69,544 shares of the information services provider’s stock valued at $409,000 after buying an additional 35,924 shares in the last quarter. 12.28% of the stock is currently owned by institutional investors.
Phoenix New Media Limited (NYSE:FENG) traded down $0.29 on Wednesday, hitting $5.90. The stock had a trading volume of 836,660 shares, compared to its average volume of 698,443. The firm has a market cap of $404.73, a price-to-earnings ratio of 48.38 and a beta of 1.13. Phoenix New Media Limited has a 12 month low of $2.43 and a 12 month high of $6.87. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.01.
Phoenix New Media Limited (NYSE:FENG) last released its earnings results on Monday, November 13th. The information services provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.09. The company had revenue of $64.00 million for the quarter, compared to analyst estimates of $61.20 million. Phoenix New Media Limited had a return on equity of 2.96% and a net margin of 4.32%. Phoenix New Media Limited’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.05 EPS.
About Phoenix New Media Limited
Phoenix New Media Limited is a media company providing content on an integrated platform across Internet, mobile and television channels in China. The Company enables consumers to access professional news and other information, and upload text and images (UGC) on the Internet and through their mobile devices.
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