Changyou.Com (NASDAQ:CYOU) Stock Rating Lowered by BidaskClub

BidaskClub downgraded shares of Changyou.Com (NASDAQ:CYOU) from a hold rating to a sell rating in a research report report published on Friday morning, BidAskClub reports.

CYOU has been the subject of a number of other research reports. Zacks Investment Research cut Hallmark Financial Services from a buy rating to a hold rating in a report on Thursday, July 18th. ValuEngine cut Intersect ENT from a buy rating to a hold rating in a report on Monday, June 3rd.

Shares of Changyou.Com stock opened at $8.80 on Friday. The firm’s 50 day moving average price is $9.73. Changyou.Com has a 12 month low of $8.66 and a 12 month high of $22.27. The firm has a market capitalization of $465.50 million, a PE ratio of 5.61 and a beta of 0.76. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.16.

Changyou.Com (NASDAQ:CYOU) last announced its earnings results on Monday, April 29th. The technology company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.29. Changyou.Com had a return on equity of 16.03% and a net margin of 28.48%. The business had revenue of $123.31 million during the quarter, compared to analysts’ expectations of $114.15 million. During the same quarter in the prior year, the firm earned $0.55 earnings per share. The business’s revenue was down 10.1% compared to the same quarter last year. As a group, equities analysts forecast that Changyou.Com will post 1.97 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in CYOU. AJO LP raised its holdings in shares of Changyou.Com by 1,345.8% during the first quarter. AJO LP now owns 595,821 shares of the technology company’s stock valued at $10,189,000 after acquiring an additional 554,611 shares during the last quarter. Norges Bank acquired a new stake in shares of Changyou.Com in the fourth quarter valued at approximately $9,756,000. Acadian Asset Management LLC increased its holdings in shares of Changyou.Com by 26.4% in the first quarter. Acadian Asset Management LLC now owns 657,235 shares of the technology company’s stock valued at $11,235,000 after purchasing an additional 137,215 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Changyou.Com by 245.3% in the fourth quarter. New York State Common Retirement Fund now owns 130,779 shares of the technology company’s stock valued at $2,391,000 after purchasing an additional 92,900 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Changyou.Com by 103.8% in the fourth quarter. Geode Capital Management LLC now owns 102,227 shares of the technology company’s stock valued at $1,868,000 after purchasing an additional 52,063 shares during the last quarter. 26.55% of the stock is owned by institutional investors and hedge funds.

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 Cinema Advertising 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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