Changyou.com Ltd. (CYOU) Reaches New 52-Week High at $26.82
Changyou.com Ltd. (NASDAQ:CYOU) reached a new 52-week high on Monday . The stock traded as high as $26.82 and last traded at $25.69, with a volume of 1,700,826 shares changing hands. The stock had previously closed at $23.60.
Several equities research analysts have weighed in on the stock. 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, July 12th. Macquarie downgraded 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 research analysts have rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Changyou.com has an average rating of “Hold” and an average target price of $20.17.
The stock has a market cap of $1.31 billion and a price-to-earnings ratio of 7.17. The firm has a 50-day moving average of $21.37 and a 200-day moving average of $19.53.
Changyou.com (NASDAQ:CYOU) last announced its quarterly earnings results 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 firm had revenue of $129 million for the quarter, compared to analysts’ expectations of $129.30 million. During the same period in the previous year, the company earned $0.95 EPS. The company’s quarterly revenue was down 36.1% on a year-over-year basis. On average, equities analysts predict that Changyou.com Ltd. will post $2.37 EPS for the current 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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