Changyou.com Limited (CYOU) Receives Average Rating of “Hold” from Analysts

Shares of Changyou.com Limited (NASDAQ:CYOU) have been assigned a consensus rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $32.43.

Several research analysts have recently commented on CYOU shares. TheStreet raised Changyou.com Limited from a “c+” rating to a “b” rating in a research report on Wednesday, August 16th. Deutsche Bank AG raised Changyou.com Limited from a “hold” rating to a “buy” rating in a research report on Monday. BidaskClub lowered Changyou.com Limited from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 15th. Zacks Investment Research lowered Changyou.com Limited from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, Credit Suisse Group started coverage on Changyou.com Limited in a research report on Tuesday, October 3rd. They issued a “neutral” rating and a $40.30 price target for the company.

Changyou.com Limited (NASDAQ:CYOU) last released its quarterly earnings results on Friday, October 27th. The technology company reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.04 by ($1.17). The company had revenue of $165.60 million during the quarter, compared to the consensus estimate of $164.94 million. Changyou.com Limited had a return on equity of 9.50% and a net margin of 20.42%. The company’s revenue was up 21.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 earnings per share.

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A number of large investors have recently made changes to their positions in the stock. PSquared Asset Management AG increased its position in Changyou.com Limited by 92.2% during the 3rd quarter. PSquared Asset Management AG now owns 1,344,191 shares of the technology company’s stock valued at $53,243,000 after buying an additional 644,958 shares in the last quarter. Renaissance Technologies LLC increased its position in Changyou.com Limited by 8.9% during the 2nd quarter. Renaissance Technologies LLC now owns 689,800 shares of the technology company’s stock valued at $26,737,000 after buying an additional 56,500 shares in the last quarter. UBS Asset Management Americas Inc. increased its position in Changyou.com Limited by 5.2% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 554,875 shares of the technology company’s stock valued at $21,507,000 after buying an additional 27,600 shares in the last quarter. FIL Ltd increased its position in Changyou.com Limited by 40.2% during the 2nd quarter. FIL Ltd now owns 498,543 shares of the technology company’s stock valued at $19,324,000 after buying an additional 142,973 shares in the last quarter. Finally, Parametrica Management Ltd increased its position in Changyou.com Limited by 1,579.6% during the 3rd quarter. Parametrica Management Ltd now owns 245,224 shares of the technology company’s stock valued at $9,713,000 after buying an additional 230,624 shares in the last quarter. 27.78% of the stock is currently owned by institutional investors.

Changyou.com Limited 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 primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater.

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