Changyou.com Ltd. (CYOU) Trading Down 3.1%
Changyou.com Ltd. (NASDAQ:CYOU) traded down 3.1% during mid-day trading on Friday . The stock traded as low as $20.11 and last traded at $20.61, with a volume of 83,946 shares trading hands. The stock had previously closed at $21.28.
Several equities research analysts recently issued reports on the company. Brean Capital reiterated a “hold” rating on shares of Changyou.com in a research note on Tuesday, April 26th. Zacks Investment Research upgraded 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, July 12th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $20.67.
The firm has a 50 day moving average of $20.09 and a 200-day moving average of $19.01. The firm has a market capitalization of $1.07 billion and a PE ratio of 5.52.
Changyou.com (NASDAQ:CYOU) last posted its earnings results on Monday, April 25th. The company reported $0.58 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. The firm had revenue of $130 million for the quarter, compared to the consensus estimate of $129.55 million. During the same period in the prior year, the business earned $0.97 EPS. Changyou.com’s quarterly revenue was down 37.8% compared to the same quarter last year. On average, equities analysts anticipate that Changyou.com Ltd. will post $2.38 EPS for the current fiscal year.
A hedge fund recently bought a new stake in Changyou.com stock. Schroder Investment Management Group bought a new stake in Changyou.com Ltd. (NASDAQ:CYOU) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor bought 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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