Changyou.Com (CYOU) Upgraded to Sell by ValuEngine

Changyou.Com (NASDAQ:CYOU) was upgraded by ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Friday.

A number of other brokerages have also issued reports on CYOU. Zacks Investment Research lowered Changyou.Com from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. BidaskClub downgraded Changyou.Com from a “sell” rating to a “strong sell” rating in a research note on Friday, July 13th. Finally, Credit Suisse Group upgraded Changyou.Com from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 31st. Three analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $28.83.

Changyou.Com stock traded up $1.27 during midday trading on Friday, reaching $14.62. The stock had a trading volume of 315,015 shares, compared to its average volume of 201,361. Changyou.Com has a 1-year low of $12.68 and a 1-year high of $38.64. The firm has a market cap of $708.53 million, a PE ratio of 7.17 and a beta of 0.49.

Changyou.Com (NASDAQ:CYOU) last announced its earnings results on Monday, July 30th. The technology company reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.07. Changyou.Com had a return on equity of 3.92% and a net margin of 8.28%. The business had revenue of $112.83 million for the quarter, compared to analyst estimates of $118.68 million. During the same quarter last year, the firm earned $1.14 EPS. Changyou.Com’s revenue for the quarter was down 25.0% compared to the same quarter last year. As a group, analysts anticipate that Changyou.Com will post 1.14 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the business. Strs Ohio grew its stake in Changyou.Com by 9.1% in the second quarter. Strs Ohio now owns 72,000 shares of the technology company’s stock valued at $1,200,000 after purchasing an additional 6,000 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Changyou.Com by 50.0% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 170,724 shares of the technology company’s stock valued at $2,846,000 after purchasing an additional 56,926 shares in the last quarter. Maso Capital Partners Ltd grew its stake in Changyou.Com by 7.8% in the second quarter. Maso Capital Partners Ltd now owns 184,500 shares of the technology company’s stock valued at $3,076,000 after purchasing an additional 13,400 shares in the last quarter. Bank of Montreal Can grew its stake in Changyou.Com by 13.4% in the second quarter. Bank of Montreal Can now owns 64,760 shares of the technology company’s stock valued at $1,080,000 after purchasing an additional 7,656 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Changyou.Com by 3.4% in the second quarter. Renaissance Technologies LLC now owns 1,022,900 shares of the technology company’s stock valued at $17,052,000 after purchasing an additional 33,300 shares in the last quarter. Hedge funds and other institutional investors own 26.43% of the company’s stock.

Changyou.Com Company Profile

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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