Changyou.com Ltd. (CYOU) Shares Up 4.7%
Changyou.com Ltd. (NASDAQ:CYOU)’s share price shot up 4.7% during trading on Monday . The company traded as high as $21.65 and last traded at $21.65, with a volume of 54,277 shares traded. The stock had previously closed at $20.67.
A number of research firms have commented on CYOU. Brean Capital reaffirmed a “hold” rating on shares of Changyou.com in a research report on Tuesday, April 26th. Summit Research reissued a “buy” rating and set a $26.00 target price on shares of Changyou.com in a report on Sunday, March 13th. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $21.00.
The company has a market capitalization of $1.13 billion and a price-to-earnings ratio of 5.79. The company’s 50-day moving average price is $19.51 and its 200-day moving average price is $19.05.
Changyou.com (NASDAQ:CYOU) last released its quarterly earnings results on Monday, April 25th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The company earned $130 million during the quarter, compared to analysts’ expectations of $129.55 million. During the same period in the previous year, the company posted $0.97 earnings per share. The company’s quarterly revenue was down 37.8% compared to the same quarter last year. On average, analysts expect that Changyou.com Ltd. will post $2.38 EPS for the current year.
A hedge fund recently bought a new stake in Changyou.com stock. Schroder Investment Management Group purchased a new position in shares of Changyou.com Ltd. (NASDAQ:CYOU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 102,100 shares of the company’s stock, valued at approximately $2,534,000. Schroder Investment Management Group owned approximately 0.20% of Changyou.com 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.
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