Changyou.com Ltd. (CYOU) Sees Unusually-High Trading Volume
Shares of Changyou.com Ltd. (NASDAQ:CYOU) saw unusually-high trading volume on Thursday . Approximately 63,115 shares changed hands during mid-day trading, a decline of 13% from the previous session’s volume of 72,729 shares.The stock last traded at $22.36 and had previously closed at $22.01.
CYOU has been the subject of several research analyst reports. Brean Capital reiterated a “hold” rating on shares of Changyou.com in a research note 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 price objective for the company in a research note on Tuesday. Two investment 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’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $20.67.
The firm has a market capitalization of $1.10 billion and a price-to-earnings ratio of 5.65. The stock’s 50 day moving average is $19.88 and its 200-day moving average is $19.08.
Changyou.com (NASDAQ:CYOU) last released its quarterly earnings data on Monday, April 25th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. During the same period last year, the company posted $0.97 EPS. The company had revenue of $130 million for the quarter, compared to analysts’ expectations of $129.55 million. The business’s revenue for the quarter was down 37.8% compared to the same quarter last year. On average, analysts forecast that Changyou.com Ltd. will post $2.38 earnings per share for the current year.
An institutional investor recently raised its position in Changyou.com stock. Oxford Asset Management increased its position in shares of Changyou.com Ltd. (NASDAQ:CYOU) by 1.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,533 shares of the company’s stock after buying an additional 870 shares during the period. Oxford Asset Management owned approximately 0.12% of Changyou.com worth $1,554,000 at the end of the most recent reporting period.
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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