Phoenix New Media (NYSE:FENG) has been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Zacks has also given Phoenix New Media an industry rank of 123 out of 265 based on the ratings given to its competitors.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Sylebra HK Co Ltd grew its stake in Phoenix New Media by 78.0% during the 4th quarter. Sylebra HK Co Ltd now owns 1,697,133 shares of the information services provider’s stock worth $11,014,000 after buying an additional 743,516 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Phoenix New Media by 17.5% in the fourth quarter. Renaissance Technologies LLC now owns 1,532,700 shares of the information services provider’s stock worth $9,947,000 after purchasing an additional 228,500 shares in the last quarter. Millennium Management LLC bought a new position in shares of Phoenix New Media in the fourth quarter worth $6,721,000. BlackRock Inc. grew its stake in shares of Phoenix New Media by 125.6% in the fourth quarter. BlackRock Inc. now owns 511,348 shares of the information services provider’s stock worth $3,318,000 after purchasing an additional 284,672 shares in the last quarter. Finally, Bogle Investment Management L P DE bought a new position in shares of Phoenix New Media in the fourth quarter worth $2,333,000. Hedge funds and other institutional investors own 16.77% of the company’s stock.
Shares of FENG opened at $4.20 on Friday. The firm has a market cap of $290.42, a P/E ratio of 57.86 and a beta of 1.48. The company has a quick ratio of 2.15, a current ratio of 2.09 and a debt-to-equity ratio of 0.01. Phoenix New Media has a 12 month low of $2.43 and a 12 month high of $8.14.
Phoenix New Media (NYSE:FENG) last issued its quarterly earnings data on Monday, March 12th. The information services provider reported $0.02 EPS for the quarter. The firm had revenue of $70.98 million during the quarter. Phoenix New Media had a return on equity of 1.62% and a net margin of 2.45%.
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About Phoenix New Media
Phoenix New Media Limited provides content on an integrated platform across Internet, mobile, and TV channels in the People's Republic of China. It offers content and services through three channels, including ifeng.com channel, television channel, and mobile channel, as well as transmits content to TV viewers, primarily through Phoenix TV.
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