Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Changyou.Com (NASDAQ:CYOU) Stock Price
Media headlines about Changyou.Com (NASDAQ:CYOU) have trended somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Changyou.Com earned a news impact score of 0.13 on Accern’s scale. Accern also gave news stories about the technology company an impact score of 47.3198993444365 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Changyou.Com (CYOU) traded down 1.47% during mid-day trading on Friday, hitting $40.90. 183,717 shares of the stock traded hands. The company has a 50 day moving average price of $40.38 and a 200-day moving average price of $33.21. Changyou.Com has a one year low of $20.78 and a one year high of $44.55.
Changyou.Com (NASDAQ:CYOU) last released its quarterly earnings data on Monday, July 31st. The technology company reported $1.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.44. The business had revenue of $150.40 million during the quarter, compared to analysts’ expectations of $158.05 million. Changyou.Com had a net margin of 24.99% and a return on equity of 10.52%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.68 EPS. Equities analysts anticipate that Changyou.Com will post $3.96 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Benchmark Co. assumed coverage on shares of Changyou.Com in a research note on Tuesday, April 18th. They set a “hold” rating on the stock. BidaskClub cut shares of Changyou.Com from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Deutsche Bank AG cut shares of Changyou.Com from a “buy” rating to a “hold” rating and set a $44.00 price target on the stock. in a research note on Tuesday, August 1st. HSBC Holdings plc cut shares of Changyou.Com from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Finally, Zacks Investment Research raised shares of Changyou.Com from a “hold” rating to a “strong-buy” rating and set a $49.00 price target on the stock in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, one has issued a buy rating and three have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $37.50.
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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