Changyou.Com Ltd (NASDAQ:CYOU) has been assigned an average recommendation of “Buy” from the eight analysts that are currently covering the company. Five analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $30.23.
A number of equities analysts have recently issued reports on the stock. Benchmark Co. assumed coverage on shares of Changyou.Com in a research report on Tuesday. They set a “hold” rating on the stock. Morgan Stanley upgraded shares of Changyou.Com from an “underweight” rating to an “equal weight” rating and set a $27.00 target price on the stock in a research report on Friday, February 24th. Zacks Investment Research upgraded shares of Changyou.Com from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, February 22nd. Credit Suisse Group AG upgraded shares of Changyou.Com from a “neutral” rating to an “outperform” rating in a research report on Wednesday, February 22nd. Finally, Macquarie upgraded shares of Changyou.Com from an “underperform” rating to a “neutral” rating in a research report on Tuesday, February 21st.
Shares of Changyou.Com (NASDAQ:CYOU) traded up 8.48% during trading on Monday, hitting $30.31. 492,775 shares of the stock traded hands. Changyou.Com has a 12 month low of $17.42 and a 12 month high of $31.47. The stock has a market cap of $1.55 billion, a PE ratio of 11.14 and a beta of 1.16. The firm’s 50-day moving average price is $28.50 and its 200-day moving average price is $25.98.
Changyou.Com (NASDAQ:CYOU) last announced its quarterly earnings results on Tuesday, February 21st. The technology company reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.14. The company had revenue of $130.50 million for the quarter, compared to analyst estimates of $132.91 million. Changyou.Com had a net margin of 25.58% and a return on equity of 12.95%. The firm’s revenue was down 19.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. Analysts anticipate that Changyou.Com will post $3.35 EPS for the current year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Numeric Investors LLC purchased a new position in Changyou.Com during the fourth quarter valued at about $11,785,000. Ariose Capital Management Ltd bought a new stake in Changyou.Com during the third quarter worth approximately $12,228,000. Prudential Financial Inc. boosted its stake in Changyou.Com by 179.8% in the third quarter. Prudential Financial Inc. now owns 424,388 shares of the technology company’s stock worth $11,565,000 after buying an additional 272,700 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in Changyou.Com during the fourth quarter worth approximately $4,545,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Changyou.Com during the fourth quarter worth approximately $4,508,000. 16.10% of the stock is owned by institutional investors and hedge funds.
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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