According to Zacks, “Iqiyi Inc. provides online entertainment service. The Company offer movies, television dramas, variety shows and other video contents. Iqiyi Inc is based in Haidian, China. “
Other equities research analysts have also recently issued research reports about the company. China Renaissance Securities restated a “hold” rating on shares of IQIYI in a report on Tuesday. JPMorgan Chase & Co. initiated coverage on IQIYI in a report on Friday, August 16th. They set an “underweight” rating and a $14.00 price objective on the stock. Credit Suisse Group cut IQIYI from an “outperform” rating to a “neutral” rating in a report on Tuesday. Jefferies Financial Group initiated coverage on IQIYI in a report on Monday, August 5th. They set a “buy” rating and a $21.80 price objective on the stock. Finally, KeyCorp initiated coverage on IQIYI in a report on Monday, July 29th. They set a “sector weight” rating and a $21.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. IQIYI presently has a consensus rating of “Hold” and an average target price of $21.40.
IQ stock opened at $18.18 on Wednesday. IQIYI has a 52-week low of $14.35 and a 52-week high of $32.46. The stock’s fifty day simple moving average is $18.46 and its 200-day simple moving average is $21.16. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.73. The stock has a market capitalization of $13.11 billion, a price-to-earnings ratio of -7.36 and a beta of 2.99.
IQIYI (NASDAQ:IQ) last posted its quarterly earnings data on Monday, August 19th. The company reported ($0.49) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.10. IQIYI had a negative return on equity of 57.18% and a negative net margin of 38.28%. The business had revenue of $7.11 billion for the quarter, compared to analysts’ expectations of $7.05 billion. During the same quarter last year, the firm earned ($0.45) earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. As a group, analysts anticipate that IQIYI will post -1.8 earnings per share for the current fiscal year.
A number of institutional investors have recently modified their holdings of IQ. Joseph P. Lucia & Associates LLC acquired a new position in IQIYI in the first quarter valued at $25,000. AdvisorNet Financial Inc acquired a new position in IQIYI in the second quarter valued at $25,000. Resources Investment Advisors LLC. boosted its holdings in IQIYI by 415.7% in the second quarter. Resources Investment Advisors LLC. now owns 1,805 shares of the company’s stock valued at $37,000 after acquiring an additional 1,455 shares during the last quarter. Intercontinental Wealth Advisors LLC acquired a new position in IQIYI in the first quarter valued at $40,000. Finally, Quadrant Capital Group LLC acquired a new position in IQIYI in the first quarter valued at $59,000. Hedge funds and other institutional investors own 20.24% of the company’s stock.
iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content.
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