Changyou (CYOU) Sets New 52-Week High and Low at $17.80

Shares of Changyou (NASDAQ:CYOU) hit a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $17.80 and last traded at $17.81, with a volume of 1914 shares trading hands. The stock had previously closed at $18.04.

Several brokerages have recently issued reports on CYOU. Deutsche Bank cut Changyou to a “hold” rating and set a $32.00 price objective on the stock. in a research note on Monday, April 23rd. BidaskClub upgraded Changyou from a “sell” rating to a “hold” rating in a research note on Wednesday, April 11th. Zacks Investment Research upgraded Changyou from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 3rd. TheStreet cut Changyou from a “b-” rating to a “c” rating in a research note on Wednesday, April 25th. Finally, Morgan Stanley began coverage on Changyou in a research note on Wednesday, March 28th. They issued a “sell” rating and a $28.00 price objective on the stock. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Changyou has a consensus rating of “Sell” and an average target price of $35.86.

The company has a market cap of $965.79 million, a price-to-earnings ratio of 8.87, a price-to-earnings-growth ratio of 1.26 and a beta of 0.87.

Changyou (NASDAQ:CYOU) last posted its quarterly earnings results on Wednesday, April 25th. The technology company reported $0.59 earnings per share for the quarter, beating the Zacks’ 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 analysts’ expectations of $129.09 million. During the same period last year, the firm earned $0.66 earnings per share. Changyou’s quarterly revenue was up 14.4% on a year-over-year basis. equities research analysts forecast that Changyou will post 0.94 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which was paid on Thursday, April 26th. Shareholders of record on Friday, April 20th were paid a $9.40 dividend. The ex-dividend date of this dividend was Thursday, April 19th.

Institutional investors have recently bought and sold shares of the business. Allianz Asset Management GmbH acquired a new stake in Changyou in the fourth quarter valued at $315,000. Point72 Asset Management L.P. acquired a new stake in Changyou in the first quarter valued at $351,000. Goldman Sachs Group Inc. raised its stake in 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 buying an additional 106,131 shares in the last quarter. HBK Investments L P raised its stake in 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 buying an additional 7,049 shares in the last quarter. Finally, Sei Investments Co. raised its stake in 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 buying an additional 4,900 shares in the last quarter. Institutional investors own 30.55% of the company’s stock.

Changyou Company Profile

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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