Changyou.com Ltd. (CYOU) Shares Down 3.1%
Shares of Changyou.com Ltd. (NASDAQ:CYOU) dropped 3.1% on Friday . The company traded as low as $20.11 and last traded at $20.61, with a volume of 83,946 shares traded. The stock had previously closed at $21.28.
CYOU has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Changyou.com from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 12th. Brean Capital reiterated a “hold” rating on shares of Changyou.com in a research report on Tuesday, April 26th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $20.67.
The firm has a 50 day moving average of $20.11 and a 200-day moving average of $18.99. The company has a market capitalization of $1.07 billion and a PE ratio of 5.52.
A hedge fund recently bought a new stake in Changyou.com stock. Schroder Investment Management Group bought a new stake 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. The institutional investor bought 102,100 shares of the company’s stock, valued at approximately $2,534,000. Schroder Investment Management Group owned about 0.20% of Changyou.com 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.
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