IQIYI Inc (NASDAQ:IQ) has received a consensus rating of “Buy” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $28.50.

IQ has been the topic of a number of research analyst reports. OTR Global downgraded shares of IQIYI to a “positive” rating in a research report on Monday, January 14th. China Renaissance Securities set a $28.00 price objective on shares of IQIYI and gave the company a “buy” rating in a research report on Thursday, January 17th. ValuEngine raised shares of IQIYI from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. New Street Research raised shares of IQIYI from a “neutral” rating to a “buy” rating in a research report on Friday, February 22nd. Finally, Zacks Investment Research downgraded shares of IQIYI from a “hold” rating to a “sell” rating in a research report on Friday, March 29th.

Shares of NASDAQ IQ traded up $0.83 during mid-day trading on Wednesday, hitting $24.02. The stock had a trading volume of 6,191,354 shares, compared to its average volume of 9,794,917. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.30. IQIYI has a 1 year low of $14.35 and a 1 year high of $46.23. The company has a market cap of $17.03 billion and a price-to-earnings ratio of -9.73.

IQIYI (NASDAQ:IQ) last issued its earnings results on Thursday, February 21st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.69) by $1.38. IQIYI had a negative net margin of 36.00% and a negative return on equity of 74.57%. The company had revenue of $7 billion for the quarter, compared to the consensus estimate of $6.66 billion. IQIYI’s revenue was up 45.3% on a year-over-year basis. Equities research analysts anticipate that IQIYI will post -1.64 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IQ. AlphaOne Investment Services LLC purchased a new stake in IQIYI during the 4th quarter valued at approximately $25,000. Advisory Services Network LLC lifted its position in IQIYI by 46.9% in the fourth quarter. Advisory Services Network LLC now owns 3,400 shares of the company’s stock worth $51,000 after buying an additional 1,085 shares during the last quarter. Resources Investment Advisors Inc. lifted its position in IQIYI by 945.6% in the fourth quarter. Resources Investment Advisors Inc. now owns 5,385 shares of the company’s stock worth $80,000 after buying an additional 4,870 shares during the last quarter. North Star Investment Management Corp. bought a new stake in IQIYI in the fourth quarter worth $86,000. Finally, Westside Investment Management Inc. lifted its position in IQIYI by 62.4% in the fourth quarter. Westside Investment Management Inc. now owns 7,940 shares of the company’s stock worth $119,000 after buying an additional 3,050 shares during the last quarter. 16.22% of the stock is owned by hedge funds and other institutional investors.

About IQIYI

iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.

Read More: Cryptocurrencies

Analyst Recommendations for IQIYI (NASDAQ:IQ)

Receive News & Ratings for IQIYI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IQIYI and related companies with MarketBeat.com's FREE daily email newsletter.