Changyou.com Ltd. (CYOU) Stock Price Down 4%
Changyou.com Ltd. (NASDAQ:CYOU)’s share price fell 4% during trading on Friday . The company traded as low as $20.85 and last traded at $20.99, with a volume of 102,260 shares. The stock had previously closed at $21.87.
A number of research firms recently commented on CYOU. Brean Capital reaffirmed a “hold” rating on shares of Changyou.com in a research note 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 target for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. Changyou.com currently has an average rating of “Hold” and a consensus price target of $20.67.
The stock’s 50 day moving average is $19.83 and its 200-day moving average is $19.11. The company has a market capitalization of $1.10 billion and a P/E ratio of 5.65.
Changyou.com (NASDAQ:CYOU) last issued its earnings results on Monday, April 25th. The company reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. The business earned $130 million during the quarter, compared to analyst estimates of $129.55 million. Changyou.com’s quarterly revenue was down 37.8% on a year-over-year basis. During the same quarter last year, the company earned $0.97 earnings per share. Equities analysts anticipate that Changyou.com Ltd. will post $2.38 earnings per share for the current year.
An institutional investor recently bought a new position in Changyou.com stock. Schroder Investment Management Group bought a new position in shares of Changyou.com Ltd. (NASDAQ:CYOU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 102,100 shares of the company’s stock, valued at approximately $2,534,000. Schroder Investment Management Group owned 0.20% of Changyou.com at the end of the most recent quarter.
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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