Shares of Phoenix New Media (NYSE:FENG) have received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Zacks has also assigned Phoenix New Media an industry rank of 166 out of 265 based on the ratings given to related companies.
FENG traded down $0.13 during trading on Friday, reaching $4.06. 180,688 shares of the company’s stock were exchanged, compared to its average volume of 247,345. Phoenix New Media has a 1 year low of $2.43 and a 1 year high of $8.14. The company has a current ratio of 2.09, a quick ratio of 2.15 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $291.13, a PE ratio of 58.00 and a beta of 1.48.
Phoenix New Media (NYSE:FENG) last posted its quarterly earnings results on Monday, March 12th. The information services provider reported $0.02 earnings per share (EPS) for the quarter. Phoenix New Media had a net margin of 2.45% and a return on equity of 1.62%. The company had revenue of $70.98 million during the quarter.
A number of institutional investors and hedge funds have recently bought and sold shares of FENG. Millennium Management LLC purchased a new position in Phoenix New Media during the 4th quarter worth approximately $6,721,000. Sylebra HK Co Ltd raised its position in Phoenix New Media by 78.0% during the 4th quarter. Sylebra HK Co Ltd now owns 1,697,133 shares of the information services provider’s stock worth $11,014,000 after buying an additional 743,516 shares during the last quarter. Bogle Investment Management L P DE acquired a new stake in shares of Phoenix New Media during the 4th quarter worth approximately $2,333,000. BlackRock Inc. grew its stake in shares of Phoenix New Media by 125.6% during the 4th quarter. BlackRock Inc. now owns 511,348 shares of the information services provider’s stock worth $3,318,000 after purchasing an additional 284,672 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Phoenix New Media by 17.5% during the 4th quarter. Renaissance Technologies LLC now owns 1,532,700 shares of the information services provider’s stock worth $9,947,000 after purchasing an additional 228,500 shares during the period. 16.77% of the stock is owned by institutional investors.
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About Phoenix New Media
Phoenix New Media Limited provides content on an integrated platform across Internet, mobile, and TV channels in the People's Republic of China. It offers content and services through three channels, including ifeng.com channel, television channel, and mobile channel, as well as transmits content to TV viewers, primarily through Phoenix TV.
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