Changyou.Com Ltd (NASDAQ:CYOU) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $0.00 and traded as high as $5.87. Changyou.Com shares last traded at $5.77, with a volume of 12,185 shares changing hands.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Changyou.Com from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. BidaskClub downgraded shares of Changyou.Com from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 27th. Jefferies Financial Group started coverage on shares of Changyou.Com in a research report on Monday, August 5th. They set an “underperform” rating and a $6.90 price target for the company. Finally, ValuEngine downgraded shares of Changyou.Com from a “sell” rating to a “strong sell” rating in a research report on Monday, June 3rd.
The company has a market capitalization of $305.12 million, a price-to-earnings ratio of 3.68 and a beta of 0.72. The business has a 50-day moving average of $8.44.
Changyou.Com (NASDAQ:CYOU) last posted its earnings results on Monday, August 5th. The technology company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.11). Changyou.Com had a return on equity of 16.25% and a net margin of 24.82%. The company had revenue of $118.71 million during the quarter, compared to the consensus estimate of $111.92 million. During the same period last year, the firm posted $0.52 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts forecast that Changyou.Com Ltd will post 1.82 earnings per share for the current year.
A number of large investors have recently bought and sold shares of the business. California Public Employees Retirement System grew its position in shares of Changyou.Com by 93.2% during the 1st quarter. California Public Employees Retirement System now owns 97,407 shares of the technology company’s stock valued at $1,666,000 after acquiring an additional 46,997 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Changyou.Com by 3.2% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 74,132 shares of the technology company’s stock valued at $1,268,000 after acquiring an additional 2,300 shares during the period. Norges Bank bought a new stake in shares of Changyou.Com during the 4th quarter valued at $9,756,000. Dimensional Fund Advisors LP grew its position in shares of Changyou.Com by 14.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 192,900 shares of the technology company’s stock valued at $3,527,000 after acquiring an additional 23,779 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Changyou.Com by 103.8% during the 4th quarter. Geode Capital Management LLC now owns 102,227 shares of the technology company’s stock valued at $1,868,000 after buying an additional 52,063 shares in the last quarter. 26.65% of the stock is owned by institutional investors and hedge funds.
Changyou.Com Company Profile (NASDAQ:CYOU)
Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Cinema Advertising segments. It develops, operates, and licenses online games, including interactive online games that are accessed and played simultaneously by various game players through personal computers; and mobile games played on mobile devices.
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