Changyou.com Ltd. (CYOU) Sees Large Volume Increase
Changyou.com Ltd. (NASDAQ:CYOU) shares saw unusually-strong trading volume on Friday . Approximately 73,362 shares traded hands during mid-day trading, a decline of 6% from the previous session’s volume of 78,445 shares.The stock last traded at $20.75 and had previously closed at $20.30.
Several analysts have recently issued reports on CYOU shares. Summit Research reiterated a “buy” rating and issued a $26.00 price objective on shares of Changyou.com in a research note on Sunday, March 13th. Brean Capital reiterated a “hold” rating on shares of Changyou.com in a research note on Tuesday, April 26th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $21.00.
The firm’s 50 day moving average price is $19.40 and its 200-day moving average price is $19.17. The firm has a market cap of $1.08 billion and a P/E ratio of 5.56.
Changyou.com (NASDAQ:CYOU) last announced its quarterly earnings data on Monday, April 25th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $130 million for the quarter, compared to analysts’ expectations of $129.55 million. The firm’s quarterly revenue was down 37.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 earnings per share. On average, equities analysts predict that Changyou.com Ltd. will post $2.38 EPS for the current year.
An institutional investor recently raised its position in Changyou.com stock. Oxford Asset Management increased its stake in shares of Changyou.com Ltd. (NASDAQ:CYOU) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 62,533 shares of the company’s stock after buying an additional 870 shares during the period. Oxford Asset Management owned approximately 0.12% of Changyou.com worth $1,554,000 at the end of the most recent reporting period.
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. This includes massively multiplayer online games (MMOGs), which are interactive online games that may be played simultaneously by hundreds of thousands of game players; mobile games, which are played on mobile devices and require an Internet connection, and Web games, which are played over the Internet using a Web browser.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.