Changyou.com Ltd. (CYOU) Sees Strong Trading Volume
Changyou.com Ltd. (NASDAQ:CYOU) shares saw unusually-high trading volume on Thursday . Approximately 182,509 shares were traded during mid-day trading, an increase of 81% from the previous session’s volume of 101,096 shares.The stock last traded at $22.01 and had previously closed at $21.96.
CYOU has been the subject of a number of recent research reports. Brean Capital reiterated a “hold” rating on shares of Changyou.com in a research report on Tuesday, April 26th. Zacks Investment Research upgraded shares of Changyou.com from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Tuesday, July 12th. Finally, Macquarie cut shares of Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 target price for the company. in a research report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Changyou.com currently has a consensus rating of “Hold” and an average target price of $20.17.
The stock has a market capitalization of $1.14 billion and a PE ratio of 6.25. The stock’s 50 day moving average price is $20.56 and its 200 day moving average price is $19.02.
Changyou.com (NASDAQ:CYOU) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. The firm earned $129 million during the quarter, compared to analysts’ expectations of $129.30 million. During the same quarter last year, the business earned $0.95 earnings per share. The business’s quarterly revenue was down 36.1% on a year-over-year basis. On average, equities research analysts expect that Changyou.com Ltd. will post $2.37 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 Securities and Exchange Commission. The fund 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 as of its most recent filing with the SEC.
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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