Changyou.com Ltd. (CYOU) Raised to Buy at TheStreet
CYOU has been the topic of a number of other research reports. Zacks Investment Research cut shares of Changyou.com from a buy rating to a hold rating in a research note on Monday, July 25th. Macquarie cut shares of Changyou.com from a neutral rating to an underperform rating and set a $16.00 target price on the stock. in a research note on Tuesday, July 26th. Finally, Deutsche Bank AG initiated coverage on shares of Changyou.com in a research report on Friday, September 9th. They issued a buy rating and a $31.70 price target on the stock. Three analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Changyou.com currently has a consensus rating of Hold and a consensus target price of $21.81.
Changyou.com (NASDAQ:CYOU) opened at 29.91 on Wednesday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 8.55 and a beta of 1.52. The firm has a 50-day moving average of $22.42 and a 200 day moving average of $20.02. Changyou.com has a 52-week low of $15.21 and a 52-week high of $30.08.
Changyou.com (NASDAQ:CYOU) last posted its earnings results on Monday, August 1st. The company reported $0.68 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.08. The business had revenue of $129 million for the quarter, compared to analysts’ expectations of $129.30 million. Changyou.com had a net margin of 30.31% and a return on equity of 17.22%. The firm’s revenue for the quarter was down 36.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.95 earnings per share. On average, equities research analysts forecast that Changyou.com will post $2.37 earnings per share for the current year.
Several institutional investors have recently made changes to their positions in CYOU. Penserra Capital Management LLC raised its position in shares of 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 last quarter. Jane Street Group LLC raised its position in shares of 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 last quarter. Numeric Investors LLC bought a new position in shares of Changyou.com during the second quarter worth about $320,000. California Public Employees Retirement System bought a new position in shares of Changyou.com during the second quarter worth about $333,000. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of 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 last quarter. Institutional investors 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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