Changyou (CYOU) Upgraded to “Hold” by BidaskClub

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

CYOU has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Changyou from a strong sell rating to a hold rating in a research report on Tuesday, April 3rd. Morgan Stanley assumed coverage on shares of Changyou in a research report on Wednesday, March 28th. They issued a sell rating and a $28.00 price target on the stock. Finally, ValuEngine downgraded shares of Changyou from a buy rating to a hold rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Changyou has an average rating of Hold and an average target price of $38.26.

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Shares of CYOU stock opened at $29.71 on Wednesday. The firm has a market cap of $1,587.34, a price-to-earnings ratio of 14.56, a P/E/G ratio of 0.77 and a beta of 0.87. Changyou has a 1-year low of $26.77 and a 1-year high of $44.55.

Changyou (NASDAQ:CYOU) last announced its quarterly earnings data on Monday, January 29th. The technology company reported $0.64 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.81 by ($0.17). The company had revenue of $144.50 million for the quarter, compared to analyst estimates of $149.95 million. Changyou had a return on equity of 8.64% and a net margin of 18.76%. Changyou’s revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share. sell-side analysts predict that Changyou will post 2.54 earnings per share for the current year.

The firm also recently declared a special dividend, which will be paid on Thursday, April 26th. Stockholders of record on Friday, April 20th will be given a $9.40 dividend. The ex-dividend date of this dividend is Thursday, April 19th.

Several institutional investors have recently bought and sold shares of CYOU. BNP Paribas Arbitrage SA lifted its position in shares of Changyou by 164.3% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 2,543 shares of the technology company’s stock worth $101,000 after buying an additional 1,581 shares during the last quarter. JPMorgan Chase & Co. bought a new stake in Changyou in the 3rd quarter valued at about $263,000. Caxton Associates LP bought a new stake in Changyou in the 3rd quarter valued at about $202,000. Cubist Systematic Strategies LLC bought a new stake in Changyou in the 3rd quarter valued at about $357,000. Finally, California Public Employees Retirement System lifted its position in Changyou by 25.1% in the 3rd quarter. California Public Employees Retirement System now owns 33,906 shares of the technology company’s stock valued at $1,343,000 after purchasing an additional 6,806 shares during the last quarter. Institutional investors own 32.87% of the company’s stock.

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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.

Analyst Recommendations for Changyou (NASDAQ:CYOU)

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