Changyou.Com (CYOU) Upgraded at BidaskClub

BidaskClub upgraded shares of Changyou.Com (NASDAQ:CYOU) from a strong sell rating to a sell rating in a report released on Saturday.

CYOU has been the topic of several other reports. Zacks Investment Research raised Changyou.Com from a sell rating to a hold rating in a research report on Tuesday, July 3rd. Credit Suisse Group raised Changyou.Com from an underperform rating to a neutral rating in a research report on Tuesday, July 31st. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Changyou.Com currently has an average rating of Hold and a consensus target price of $33.43.

Shares of CYOU stock opened at $14.36 on Friday. Changyou.Com has a twelve month low of $12.68 and a twelve month high of $40.99. The company has a market capitalization of $716.44 million, a P/E ratio of 15.80 and a beta of 0.61.

Changyou.Com (NASDAQ:CYOU) last issued its quarterly earnings data on Monday, July 30th. The technology company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.07. Changyou.Com had a return on equity of 3.92% and a net margin of 8.28%. The business had revenue of $112.83 million for the quarter, compared to the consensus estimate of $118.68 million. During the same period last year, the business earned $1.14 EPS. The firm’s revenue was down 25.0% compared to the same quarter last year. research analysts predict that Changyou.Com will post 1.22 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sei Investments Co. increased its position in Changyou.Com by 29.2% in the 1st quarter. Sei Investments Co. now owns 21,700 shares of the technology company’s stock worth $605,000 after buying an additional 4,900 shares during the period. Strs Ohio increased its position in Changyou.Com by 9.1% in the 2nd quarter. Strs Ohio now owns 72,000 shares of the technology company’s stock worth $1,200,000 after buying an additional 6,000 shares during the period. Guggenheim Capital LLC increased its position in Changyou.Com by 14.1% in the 1st quarter. Guggenheim Capital LLC now owns 59,266 shares of the technology company’s stock worth $1,653,000 after buying an additional 7,322 shares during the period. Bank of Montreal Can increased its position in Changyou.Com by 13.4% in the 2nd quarter. Bank of Montreal Can now owns 64,760 shares of the technology company’s stock worth $1,080,000 after buying an additional 7,656 shares during the period. Finally, Point72 Asset Management L.P. bought a new position in Changyou.Com in the 1st quarter worth approximately $351,000. 26.52% of the stock is currently owned by institutional investors.

Changyou.Com 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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