Changyou (NASDAQ:CYOU) was upgraded by research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.
CYOU has been the subject of several other reports. Zacks Investment Research raised shares of Changyou from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. Morgan Stanley began coverage on shares of Changyou in a research note on Wednesday, March 28th. They issued a “sell” rating and a $28.00 price target for the company. Finally, ValuEngine downgraded shares of Changyou from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Changyou has a consensus rating of “Hold” and a consensus price target of $38.26.
Shares of NASDAQ:CYOU opened at $30.11 on Wednesday. Changyou has a 52-week low of $26.77 and a 52-week high of $44.55. The firm has a market capitalization of $1,582.59, a P/E ratio of 14.78, a P/E/G ratio of 0.77 and a beta of 0.87.
Changyou (NASDAQ:CYOU) last posted its quarterly earnings results on Monday, January 29th. The technology company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.81 by ($0.17). The business had revenue of $144.50 million during the quarter, compared to the consensus estimate of $149.95 million. Changyou had a return on equity of 8.64% and a net margin of 18.76%. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.75 earnings per share. analysts predict that Changyou will post 2.54 EPS for the current fiscal year.
A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its stake in Changyou by 33.6% in the fourth quarter. Renaissance Technologies LLC now owns 878,500 shares of the technology company’s stock worth $32,004,000 after purchasing an additional 220,900 shares during the last quarter. Schroder Investment Management Group raised its stake in shares of Changyou by 41.1% during the fourth quarter. Schroder Investment Management Group now owns 737,122 shares of the technology company’s stock valued at $26,854,000 after acquiring an additional 214,576 shares during the last quarter. York Capital Management Global Advisors LLC bought a new position in shares of Changyou during the fourth quarter valued at about $19,546,000. Two Sigma Advisers LP raised its stake in shares of Changyou by 6.8% during the fourth quarter. Two Sigma Advisers LP now owns 269,899 shares of the technology company’s stock valued at $9,832,000 after acquiring an additional 17,200 shares during the last quarter. Finally, BlackRock Inc. raised its stake in shares of Changyou by 103.9% during the fourth quarter. BlackRock Inc. now owns 179,761 shares of the technology company’s stock valued at $6,549,000 after acquiring an additional 91,612 shares during the last quarter. 32.87% of the stock is owned by institutional investors and hedge funds.
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Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Others segments. It develops, operates, and licenses online games, including interactive online games that are accessed and played simultaneously by various game players through personal computers; and mobile games played on mobile devices.
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