Changyou.com Ltd. (NASDAQ:CYOU) has received a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the firm. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $21.94.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Changyou.com from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 12th. 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 research note on Tuesday, July 26th. TheStreet upgraded shares of Changyou.com from a “hold” rating to a “buy” rating in a research note on Wednesday, September 14th. Finally, Deutsche Bank AG started coverage on shares of Changyou.com in a research note on Friday, September 9th. They set a “buy” rating and a $31.70 price target on the stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. Prudential Financial Inc. bought a new position in shares of Changyou.com during the second quarter valued at $3,040,000. Schroder Investment Management Group raised its position in shares of Changyou.com by 116.7% in the second quarter. Schroder Investment Management Group now owns 221,300 shares of the company’s stock valued at $4,434,000 after buying an additional 119,200 shares during the last quarter. Bank of Montreal Can bought a new position in shares of Changyou.com during the second quarter valued at $1,194,000. Bogle Investment Management L P DE bought a new position in shares of Changyou.com during the first quarter valued at $1,046,000. Finally, UBS Asset Management Americas Inc. raised its position in shares of Changyou.com by 5.7% in the first quarter. UBS Asset Management Americas Inc. now owns 710,729 shares of the company’s stock valued at $13,347,000 after buying an additional 38,200 shares during the last quarter. Institutional investors own 11.46% of the company’s stock.
Changyou.com (NASDAQ:CYOU) opened at 26.93 on Thursday. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 7.70 and a beta of 1.14. The firm has a 50-day moving average of $26.01 and a 200-day moving average of $21.21. Changyou.com has a 1-year low of $15.21 and a 1-year high of $30.28.
Changyou.com (NASDAQ:CYOU) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. The company had revenue of $129 million for the quarter, compared to analyst estimates of $129.30 million. Changyou.com had a net margin of 30.31% and a return on equity of 17.22%. Changyou.com’s quarterly revenue was down 36.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 earnings per share. Equities research analysts anticipate that Changyou.com will post $2.37 EPS for the current 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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