Changyou.com Ltd. (CYOU) Shares Up 8.2%
Shares of Changyou.com Ltd. (NASDAQ:CYOU) shot up 8.2% during trading on Friday . The stock traded as high as $23.73 and last traded at $23.25, with a volume of 258,210 shares. The stock had previously closed at $21.48.
Several brokerages have recently commented on CYOU. Zacks Investment Research upgraded Changyou.com from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, July 12th. Macquarie cut Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 target price on the stock. in a report on Tuesday, July 26th. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $20.17.
The stock has a market cap of $1.23 billion and a price-to-earnings ratio of 6.73. The stock’s 50-day moving average is $21.04 and its 200 day moving average is $19.29.
Changyou.com (NASDAQ:CYOU) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.08. The company earned $129 million during the quarter, compared to analyst estimates of $129.30 million. During the same period in the prior year, the firm earned $0.95 earnings per share. Changyou.com’s revenue was down 36.1% on a year-over-year basis. On average, equities research analysts forecast that Changyou.com Ltd. will post $2.37 EPS for the current fiscal year.
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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