TheStreet lowered shares of Phoenix New Media (NYSE:FENG) from a c- rating to a d rating in a research note published on Thursday morning, TheStreetRatingsTable reports.

Separately, ValuEngine upgraded shares of Phoenix New Media from a hold rating to a buy rating in a research report on Monday, February 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Phoenix New Media currently has a consensus rating of Buy and a consensus price target of $9.05.

Shares of FENG stock opened at $3.56 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.41 and a quick ratio of 1.41. Phoenix New Media has a 12-month low of $2.83 and a 12-month high of $5.47. The company has a market cap of $266.21 million, a price-to-earnings ratio of -27.38 and a beta of 2.39.

Phoenix New Media (NYSE:FENG) last released its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.24). Phoenix New Media had a negative net margin of 9.15% and a negative return on equity of 4.04%. The business had revenue of $42.45 million during the quarter. On average, sell-side analysts anticipate that Phoenix New Media will post 0.1 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the stock. FIL Ltd increased its stake in Phoenix New Media by 6.3% in the first quarter. FIL Ltd now owns 1,738,091 shares of the information services provider’s stock valued at $7,317,000 after acquiring an additional 103,531 shares during the last quarter. Geode Capital Management LLC bought a new position in Phoenix New Media in the fourth quarter valued at approximately $137,000. Millennium Management LLC increased its stake in Phoenix New Media by 232.6% in the fourth quarter. Millennium Management LLC now owns 94,661 shares of the information services provider’s stock valued at $303,000 after acquiring an additional 66,198 shares during the last quarter. International Value Advisers LLC increased its stake in Phoenix New Media by 26.7% in the first quarter. International Value Advisers LLC now owns 4,168,723 shares of the information services provider’s stock valued at $17,550,000 after acquiring an additional 878,139 shares during the last quarter. Finally, Sylebra HK Co Ltd increased its stake in Phoenix New Media by 3.9% in the first quarter. Sylebra HK Co Ltd now owns 983,560 shares of the information services provider’s stock valued at $4,141,000 after acquiring an additional 37,127 shares during the last quarter. 15.62% of the stock is currently owned by institutional investors and hedge funds.

Phoenix New Media Company Profile

Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.

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