Changyou.Com (CYOU) Rating Increased to Hold at Zacks Investment Research

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Zacks Investment Research upgraded shares of Changyou.Com (NASDAQ:CYOU) from a sell rating to a hold rating in a report issued on Tuesday.

According to Zacks, “Changyou.com Limited is a developer and operator of online games in China. It engages in the development, operation, and licensing of massively multi-player online role-playing games, which are interactive online games that are played simultaneously by various game players. The company currently operates two multi-player online role-playing games (MMORPGs), including the in-house developed Tian Long Ba Bu and the licensed Blade Online. Changyou.com has three MMORPGs in the pipeline, which include the Duke of Mount Deer, Immortal Faith, and the Legend of the Ancient World. Based in Beijing, the People’s Republic of China, Changyou.com Limited is a subsidiary of Sohu.com Inc. “

Other analysts also recently issued research reports about the stock. BidaskClub raised shares of Changyou.Com from a strong sell rating to a sell rating in a research report on Thursday, October 11th. Credit Suisse Group upgraded Changyou.Com from an underperform rating to a neutral rating in a research note on Tuesday, July 31st. Finally, ValuEngine upgraded Changyou.Com from a strong sell rating to a sell rating in a research note on Friday, November 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $28.83.

NASDAQ CYOU traded up $0.06 during mid-day trading on Tuesday, hitting $18.06. The company’s stock had a trading volume of 278,597 shares, compared to its average volume of 191,780. Changyou.Com has a twelve month low of $12.68 and a twelve month high of $38.14. The company has a market cap of $934.69 million, a P/E ratio of 8.78 and a beta of 0.57.

Changyou.Com (NASDAQ:CYOU) last posted its quarterly earnings results on Monday, November 5th. The technology company reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.59. Changyou.Com had a net margin of 21.15% and a return on equity of 10.11%. The business had revenue of $117.96 million during the quarter, compared to the consensus estimate of $108.70 million. During the same quarter last year, the firm posted ($0.09) EPS. Changyou.Com’s revenue was down 28.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Changyou.Com will post 1.5 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. US Bancorp DE lifted its stake in Changyou.Com by 327.2% during the 3rd quarter. US Bancorp DE now owns 8,357 shares of the technology company’s stock valued at $110,000 after acquiring an additional 6,401 shares in the last quarter. Wells Fargo & Company MN lifted its stake in Changyou.Com by 265.1% during the 3rd quarter. Wells Fargo & Company MN now owns 12,998 shares of the technology company’s stock valued at $172,000 after acquiring an additional 9,438 shares in the last quarter. Quantitative Systematic Strategies LLC bought a new position in Changyou.Com during the 2nd quarter valued at $249,000. Strs Ohio lifted its stake in Changyou.Com by 13.7% during the 3rd quarter. Strs Ohio now owns 81,841 shares of the technology company’s stock valued at $1,080,000 after acquiring an additional 9,841 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in Changyou.Com by 13.4% during the 2nd quarter. Bank of Montreal Can now owns 64,760 shares of the technology company’s stock valued at $1,080,000 after acquiring an additional 7,656 shares in the last quarter. Institutional investors and hedge funds own 26.43% of the company’s stock.

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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