Changyou.Com (NASDAQ:CYOU) was upgraded by equities researchers at BidaskClub from a “buy” rating to a “strong-buy” rating in a research report issued on Thursday.
Several other equities analysts also recently issued reports on CYOU. Zacks Investment Research upgraded Changyou.Com from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Credit Suisse Group upgraded Changyou.Com from an “underperform” rating to a “neutral” rating in a research report on Tuesday, July 31st. Finally, ValuEngine upgraded Changyou.Com from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.83.
Changyou.Com stock opened at $18.15 on Thursday. The company has a market cap of $962.10 million, a P/E ratio of 8.90 and a beta of 0.57. Changyou.Com has a one year low of $12.68 and a one year high of $38.00.
A number of institutional investors and hedge funds have recently modified their holdings of the business. US Bancorp DE raised its position in shares of Changyou.Com by 327.2% during the third quarter. US Bancorp DE now owns 8,357 shares of the technology company’s stock worth $110,000 after acquiring an additional 6,401 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Changyou.Com by 265.1% during the third quarter. Wells Fargo & Company MN now owns 12,998 shares of the technology company’s stock worth $172,000 after acquiring an additional 9,438 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Changyou.Com during the third quarter worth $246,000. Quantitative Systematic Strategies LLC bought a new stake in shares of Changyou.Com during the second quarter worth $249,000. Finally, Strs Ohio raised its position in shares of Changyou.Com by 13.7% during the third quarter. Strs Ohio now owns 81,841 shares of the technology company’s stock worth $1,080,000 after acquiring an additional 9,841 shares during the last quarter. Hedge funds and other institutional investors own 25.86% 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.
Featured Story: When is a capital gain realized?
Receive News & Ratings for Changyou.Com Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Changyou.Com and related companies with MarketBeat.com's FREE daily email newsletter.