Changyou (NASDAQ:CYOU) shares hit a new 52-week high and low on Tuesday . The company traded as low as $18.70 and last traded at $18.67, with a volume of 2209 shares. The stock had previously closed at $18.97.
A number of research analysts recently weighed in on CYOU shares. BidaskClub lowered Changyou from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 14th. ValuEngine lowered Changyou from a “strong-buy” rating to a “buy” rating in a report on Tuesday, February 13th. Credit Suisse Group reissued an “underperform” rating and issued a $40.30 target price on shares of Changyou in a report on Thursday, April 26th. Morgan Stanley began coverage on Changyou in a report on Wednesday, March 28th. They issued a “sell” rating and a $28.00 target price on the stock. Finally, TheStreet lowered Changyou from a “b-” rating to a “c” rating in a report on Wednesday, April 25th. Five analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The stock presently has an average rating of “Sell” and an average target price of $35.86.
The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.31 and a beta of 0.87.
Changyou (NASDAQ:CYOU) last posted its earnings results on Wednesday, April 25th. The technology company reported $0.59 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.06. Changyou had a return on equity of 5.07% and a net margin of 11.01%. The company had revenue of $137.20 million for the quarter, compared to analyst estimates of $129.09 million. During the same quarter in the prior year, the company earned $0.66 earnings per share. Changyou’s revenue was up 14.4% compared to the same quarter last year. analysts expect that Changyou will post 0.94 EPS for the current year.
The business also recently disclosed a special dividend, which was paid on Thursday, April 26th. Stockholders of record on Friday, April 20th were given a $9.40 dividend. The ex-dividend date was Thursday, April 19th.
Large investors have recently modified their holdings of the company. Allianz Asset Management GmbH purchased a new stake in shares of Changyou in the fourth quarter valued at $315,000. Point72 Asset Management L.P. purchased a new stake in shares of Changyou in the first quarter valued at $351,000. Goldman Sachs Group Inc. lifted its position in shares of Changyou by 113.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 12,289 shares of the technology company’s stock valued at $448,000 after acquiring an additional 106,131 shares in the last quarter. HBK Investments L P lifted its position in shares of Changyou by 78.8% in the fourth quarter. HBK Investments L P now owns 15,994 shares of the technology company’s stock valued at $583,000 after acquiring an additional 7,049 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of Changyou by 29.2% in the first quarter. Sei Investments Co. now owns 21,700 shares of the technology company’s stock valued at $605,000 after acquiring an additional 4,900 shares in the last quarter. Institutional investors and hedge funds own 30.55% of the company’s stock.
Changyou.com Limited develops and operates online games in the People's Republic of China. The company operates through Online Game, Platform Channel, and Others 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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