Changyou.com Ltd. (CYOU) Upgraded to “Buy” by TheStreet
Changyou.com Ltd. (NASDAQ:CYOU) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a research note issued on Wednesday.
A number of other research firms have also weighed in on CYOU. Deutsche Bank AG began coverage on shares of Changyou.com in a research note on Friday, September 9th. They issued a “buy” rating and a $31.70 price objective on the stock. Zacks Investment Research raised shares of Changyou.com from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research note on Tuesday, July 12th. Finally, Macquarie lowered shares of Changyou.com from a “neutral” rating to an “underperform” rating and set a $16.00 price objective on the stock. in a research note on Tuesday, July 26th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Changyou.com has an average rating of “Hold” and an average target price of $21.81.
Shares of Changyou.com (NASDAQ:CYOU) traded up 1.29% during trading on Wednesday, hitting $28.17. 459,774 shares of the stock were exchanged. Changyou.com has a 52 week low of $15.21 and a 52 week high of $28.25. The stock has a market cap of $1.47 billion, a P/E ratio of 8.05 and a beta of 1.52. The firm’s 50 day moving average price is $22.88 and its 200-day moving average price is $20.13.
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Changyou.com (NASDAQ:CYOU) last released its quarterly earnings data on Monday, August 1st. The company reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.08. Changyou.com had a net margin of 30.31% and a return on equity of 17.22%. The firm had revenue of $129 million for the quarter, compared to analyst estimates of $129.30 million. During the same period last year, the firm earned $0.95 earnings per share. The business’s quarterly revenue was down 36.1% compared to the same quarter last year. On average, analysts predict that Changyou.com will post $2.37 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Penserra Capital Management LLC increased its stake in Changyou.com by 90.8% in the second quarter. Penserra Capital Management LLC now owns 6,190 shares of the company’s stock worth $124,000 after buying an additional 2,946 shares during the period. Jane Street Group LLC increased its stake in Changyou.com by 11.4% in the second quarter. Jane Street Group LLC now owns 14,651 shares of the company’s stock worth $294,000 after buying an additional 1,502 shares during the period. Numeric Investors LLC bought a new stake in Changyou.com during the second quarter worth about $320,000. California Public Employees Retirement System bought a new stake in Changyou.com during the second quarter worth about $333,000. Finally, BlackRock Institutional Trust Company N.A. increased its stake in Changyou.com by 263.2% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 19,320 shares of the company’s stock worth $363,000 after buying an additional 14,001 shares during the period. Institutional investors and hedge funds own 11.46% of the company’s stock.
Changyou.com Company Profile
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 of PC games, mobile games and Web games, and the Platform Channel segment, which consists primarily of online advertising services on the 17173.com Website, and a relatively small amount of Internet value-added services (IVAS).
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