BidaskClub upgraded shares of Changyou.Com (NASDAQ:CYOU) from a strong sell rating to a sell rating in a research report released on Saturday.
A number of other brokerages also recently weighed in on CYOU. Zacks Investment Research upgraded shares of Changyou.Com from a sell rating to a hold rating in a report on Thursday, August 2nd. Credit Suisse Group upgraded shares of Changyou.Com from an underperform rating to a neutral rating in a report on Tuesday, July 31st. Three analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Changyou.Com presently has an average rating of Hold and an average price target of $33.43.
Shares of CYOU opened at $13.56 on Friday. The firm has a market cap of $716.44 million, a P/E ratio of 6.65 and a beta of 0.61. Changyou.Com has a 1-year low of $12.68 and a 1-year high of $40.99.
Changyou.Com (NASDAQ:CYOU) last issued its earnings results on Monday, July 30th. The technology company reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.45 by $0.07. The business had revenue of $112.83 million for the quarter, compared to the consensus estimate of $118.68 million. Changyou.Com had a net margin of 8.28% and a return on equity of 3.92%. The firm’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.14 earnings per share. analysts anticipate that Changyou.Com will post 1.22 EPS for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in Changyou.Com by 3.4% during the second quarter. Renaissance Technologies LLC now owns 1,022,900 shares of the technology company’s stock worth $17,052,000 after purchasing an additional 33,300 shares during the period. FIL Ltd boosted its position in Changyou.Com by 63.3% during the first quarter. FIL Ltd now owns 1,001,302 shares of the technology company’s stock worth $27,926,000 after purchasing an additional 388,162 shares during the period. BlackRock Inc. boosted its position in Changyou.Com by 59.7% during the second quarter. BlackRock Inc. now owns 313,078 shares of the technology company’s stock worth $5,220,000 after purchasing an additional 117,014 shares during the period. Millennium Management LLC boosted its position in Changyou.Com by 273.9% during the second quarter. Millennium Management LLC now owns 278,118 shares of the technology company’s stock worth $4,636,000 after purchasing an additional 203,736 shares during the period. Finally, Maso Capital Partners Ltd boosted its position in Changyou.Com by 7.8% during the second quarter. Maso Capital Partners Ltd now owns 184,500 shares of the technology company’s stock worth $3,076,000 after purchasing an additional 13,400 shares during the period. Institutional investors and hedge funds own 26.52% of the company’s stock.
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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