iQIYI (NASDAQ:IQ) Given “Hold” Rating at Benchmark

iQIYI (NASDAQ:IQ)‘s stock had its “hold” rating reiterated by stock analysts at Benchmark in a research note issued to investors on Friday,Benzinga reports.

Other analysts have also recently issued reports about the company. The Goldman Sachs Group cut iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 price target on the stock. in a report on Tuesday, August 27th. Nomura Securities raised shares of iQIYI to a “hold” rating in a research note on Monday, August 26th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $3.45.

iQIYI Price Performance

Shares of NASDAQ IQ traded down $0.07 during midday trading on Friday, reaching $1.95. 4,196,320 shares of the company were exchanged, compared to its average volume of 11,754,837. The stock’s 50-day moving average price is $2.47 and its 200-day moving average price is $3.25. The stock has a market cap of $1.87 billion, a P/E ratio of 8.08, a PEG ratio of 0.56 and a beta of 0.08. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.67. iQIYI has a one year low of $1.92 and a one year high of $5.80.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings data on Thursday, August 22nd. The company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. iQIYI had a return on equity of 14.57% and a net margin of 5.37%. During the same quarter in the prior year, the firm earned $0.05 EPS. On average, sell-side analysts anticipate that iQIYI will post 0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On iQIYI

Several large investors have recently modified their holdings of IQ. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of iQIYI during the 2nd quarter valued at about $31,000. Flow Traders U.S. LLC acquired a new position in iQIYI in the third quarter valued at approximately $32,000. Ground Swell Capital LLC bought a new position in shares of iQIYI during the 3rd quarter worth approximately $32,000. Seven Eight Capital LP bought a new position in shares of iQIYI during the 2nd quarter worth approximately $42,000. Finally, Vanguard Personalized Indexing Management LLC acquired a new stake in shares of iQIYI during the 2nd quarter worth approximately $46,000. 52.69% of the stock is currently owned by institutional investors and hedge funds.

iQIYI Company Profile

iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.