Changyou.com Ltd. (NASDAQ:CYOU) shares saw strong trading volume on Thursday . 63,115 shares changed hands during mid-day trading, a decline of 13% from the previous session’s volume of 72,729 shares.The stock last traded at $22.36 and had previously closed at $22.01.

A number of brokerages have issued reports on CYOU. Brean Capital reaffirmed a “hold” rating on shares of Changyou.com in a research report on Tuesday, April 26th. Zacks Investment Research raised shares of Changyou.com from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Tuesday. 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 company has an average rating of “Hold” and an average target price of $20.67.

The firm’s 50-day moving average price is $19.83 and its 200-day moving average price is $19.11. The company has a market capitalization of $1.14 billion and a PE ratio of 5.88.

Changyou.com (NASDAQ:CYOU) last announced its earnings results on Monday, April 25th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. During the same period in the previous year, the firm posted $0.97 EPS. The company had revenue of $130 million for the quarter, compared to the consensus estimate of $129.55 million. The company’s revenue for the quarter was down 37.8% on a year-over-year basis. On average, analysts anticipate that Changyou.com Ltd. will post $2.38 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Changyou.com stock. Oxford Asset Management boosted its stake in Changyou.com Ltd. (NASDAQ:CYOU) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 62,533 shares of the company’s stock after buying an additional 870 shares during the period. Oxford Asset Management owned about 0.12% of Changyou.com worth $1,554,000 as of its most recent SEC filing.

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.