Changyou.com Ltd. (CYOU) Trading Down 1.6%
Changyou.com Ltd. (NASDAQ:CYOU)’s share price fell 1.6% during trading on Tuesday . The stock traded as low as $24.71 and last traded at $25.42, with a volume of 531,845 shares changing hands. The stock had previously closed at $25.84.
Several research firms 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 for the company in a research note on Tuesday, July 12th. Macquarie lowered Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 target price for the company. in a research note on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. Changyou.com currently has a consensus rating of “Hold” and a consensus target price of $20.17.
The stock has a market capitalization of $1.27 billion and a PE ratio of 6.96. The stock’s 50 day moving average price is $21.47 and its 200-day moving average price is $19.57.
Changyou.com (NASDAQ:CYOU) last released its quarterly earnings data on Monday, August 1st. The company reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.08. The company had revenue of $129 million for the quarter, compared to the consensus estimate of $129.30 million. The business’s revenue was down 36.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.95 earnings per share. On average, analysts forecast 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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