Brokerages Set YY Inc (NASDAQ:YY) PT at $94.75

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Shares of YY Inc (NASDAQ:YY) have earned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have given a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $94.75.

Several brokerages have issued reports on YY. Benchmark restated a “buy” rating and issued a $95.00 target price (down from $106.00) on shares of YY in a report on Wednesday, May 29th. Zacks Investment Research cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. BidaskClub upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a report on Saturday, June 22nd. Finally, Nomura upped their target price on Momo from $47.00 to $49.00 and gave the company a “buy” rating in a report on Wednesday, May 29th.

NASDAQ YY traded down $0.96 during mid-day trading on Friday, hitting $64.99. The stock had a trading volume of 970,796 shares, compared to its average volume of 993,061. The stock’s 50 day moving average is $70.71. YY has a twelve month low of $55.55 and a twelve month high of $101.64. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. The company has a market capitalization of $4.17 billion, a PE ratio of 9.12, a price-to-earnings-growth ratio of 0.69 and a beta of 1.20.

YY (NASDAQ:YY) last posted its quarterly earnings data on Tuesday, May 28th. The information services provider reported $1.38 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.07). YY had a net margin of 24.06% and a return on equity of 12.91%. The firm had revenue of $705.30 million during the quarter, compared to analyst estimates of $625.37 million. During the same period in the prior year, the company posted $1.72 earnings per share. The firm’s revenue for the quarter was up 36.2% compared to the same quarter last year. On average, sell-side analysts anticipate that YY will post 6.72 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cascade Investment Advisors Inc. grew its holdings in shares of YY by 14.0% during the 1st quarter. Cascade Investment Advisors Inc. now owns 1,220 shares of the information services provider’s stock worth $102,000 after purchasing an additional 150 shares during the period. Raymond James & Associates grew its holdings in shares of YY by 0.9% during the 1st quarter. Raymond James & Associates now owns 21,405 shares of the information services provider’s stock worth $1,798,000 after purchasing an additional 184 shares during the period. Van ECK Associates Corp grew its holdings in shares of YY by 40.0% during the 4th quarter. Van ECK Associates Corp now owns 700 shares of the information services provider’s stock worth $42,000 after purchasing an additional 200 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of YY by 40.7% during the 1st quarter. Quadrant Capital Group LLC now owns 829 shares of the information services provider’s stock worth $67,000 after purchasing an additional 240 shares during the period. Finally, Rocky Mountain Advisers LLC purchased a new position in shares of YY during the 1st quarter worth $31,000. Institutional investors and hedge funds own 60.46% of the company’s stock.

About YY

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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Analyst Recommendations for YY (NASDAQ:YY)

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