YY (YY) Lifted to “Buy” at Vetr

YY (NASDAQ:YY) was upgraded by analysts at Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, January 16th. The firm presently has a $137.41 price objective on the information services provider’s stock. Vetr‘s price objective points to a potential upside of 16.81% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. UBS Group assumed coverage on shares of YY in a research note on Tuesday, January 2nd. They set a “buy” rating and a $135.00 price objective on the stock. ValuEngine downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. Bank of America upped their price objective on shares of YY from $89.00 to $101.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Benchmark reissued a “buy” rating and set a $127.00 price objective on shares of YY in a research note on Wednesday, November 15th. Finally, BidaskClub downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, December 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company. YY currently has a consensus rating of “Buy” and an average price target of $97.41.

YY (NASDAQ:YY) traded up $6.41 during mid-day trading on Tuesday, hitting $117.64. 2,630,000 shares of the stock traded hands, compared to its average volume of 1,130,000. The firm has a market capitalization of $7,420.00, a price-to-earnings ratio of 18.85, a PEG ratio of 0.89 and a beta of 1.38. YY has a twelve month low of $41.68 and a twelve month high of $142.97.

YY (NASDAQ:YY) last released its quarterly earnings results on Tuesday, November 14th. The information services provider reported $1.59 EPS for the quarter, beating the consensus estimate of $1.54 by $0.05. The business had revenue of $464.78 million for the quarter, compared to analyst estimates of $425.44 million. YY had a net margin of 22.23% and a return on equity of 34.26%. The company’s quarterly revenue was up 53.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.08 earnings per share. analysts predict that YY will post 6.09 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in YY. Huntington National Bank grew its holdings in YY by 93.6% during the 3rd quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 589 shares in the last quarter. D.A. Davidson & CO. grew its holdings in YY by 17.4% during the 2nd quarter. D.A. Davidson & CO. now owns 2,700 shares of the information services provider’s stock valued at $156,000 after purchasing an additional 400 shares in the last quarter. Cetera Advisor Networks LLC acquired a new position in YY during the 3rd quarter worth $203,000. Candriam Luxembourg S.C.A. acquired a new position in YY during the 3rd quarter worth $208,000. Finally, Boothbay Fund Management LLC acquired a new position in YY during the 3rd quarter worth $233,000. 56.63% of the stock is owned by institutional investors and hedge funds.

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About YY

YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.

To view Vetr’s full report, visit Vetr’s official website.

Analyst Recommendations for YY (NASDAQ:YY)

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