Changyou.com Limited (CYOU) Upgraded to “Strong-Buy” by BidaskClub
Changyou.com Limited (NASDAQ:CYOU) was upgraded by equities research analysts at BidaskClub from a “buy” rating to a “strong-buy” rating in a research note issued on Thursday.
CYOU has been the topic of a number of other reports. Mizuho lowered shares of Changyou.com Limited from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $42.00 to $30.00 in a research note on Wednesday, June 21st. Citigroup Inc. raised shares of Changyou.com Limited from a “sell” rating to a “neutral” rating in a research note on Monday, June 5th. ValuEngine raised shares of Changyou.com Limited from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research lowered shares of Changyou.com Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, June 27th. Finally, HSBC Holdings plc lowered shares of Changyou.com Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, one has assigned a buy rating and three have assigned a strong buy rating to the company. Changyou.com Limited has a consensus rating of “Buy” and a consensus price target of $37.50.
Shares of Changyou.com Limited (NASDAQ:CYOU) traded up 0.91% during midday trading on Thursday, hitting $43.08. The stock had a trading volume of 115,830 shares. The company has a market capitalization of $2.27 billion, a PE ratio of 14.36 and a beta of 1.26. Changyou.com Limited has a 52-week low of $19.90 and a 52-week high of $43.72.
Changyou.com Limited (NASDAQ:CYOU) last issued its quarterly earnings results on Monday, July 31st. The technology company reported $1.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.44. The firm had revenue of $150.40 million for the quarter, compared to analyst estimates of $158.05 million. Changyou.com Limited had a net margin of 30.03% and a return on equity of 13.57%. Changyou.com Limited’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period last year, the company posted $0.68 EPS. On average, equities research analysts predict that Changyou.com Limited will post $3.77 earnings per share for the current year.
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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG raised its position in Changyou.com Limited by 39.5% in the first quarter. UBS Group AG now owns 4,258 shares of the technology company’s stock worth $119,000 after buying an additional 1,205 shares during the period. Sei Investments Co. raised its position in Changyou.com Limited by 1.2% in the first quarter. Sei Investments Co. now owns 5,320 shares of the technology company’s stock worth $149,000 after buying an additional 61 shares during the period. Shell Asset Management Co. acquired a new position in Changyou.com Limited during the first quarter worth $184,000. Smith Asset Management Group LP acquired a new position in Changyou.com Limited during the second quarter worth $314,000. Finally, Capital Fund Management S.A. acquired a new position in Changyou.com Limited during the first quarter worth $236,000. 25.10% of the stock is currently owned by institutional investors and hedge funds.
Changyou.com Limited Company Profile
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. The Company’s segments include Online Game segment, which consists primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater.
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