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

Changyou.Com (NASDAQ:CYOU) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, BidAskClub reports.

Several other research firms have also recently commented on CYOU. Zacks Investment Research cut shares of Changyou.Com from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Jefferies Financial Group started coverage on shares of Changyou.Com in a report on Monday, August 5th. They set an “underperform” rating and a $6.90 price target for the company. Finally, ValuEngine upgraded shares of Changyou.Com from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd.

Shares of CYOU opened at $9.33 on Wednesday. The stock has a market cap of $505.88 million, a price-to-earnings ratio of 5.94 and a beta of 0.92. The company has a 50-day moving average of $8.32 and a two-hundred day moving average of $11.52. Changyou.Com has a one year low of $5.43 and a one year high of $22.27.

Changyou.Com (NASDAQ:CYOU) last posted its quarterly earnings results on Monday, August 5th. The technology company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.11). The company had revenue of $118.71 million for the quarter, compared to analyst estimates of $111.92 million. Changyou.Com had a return on equity of 16.25% and a net margin of 24.82%. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.52 earnings per share. On average, sell-side analysts forecast that Changyou.Com will post 1.98 EPS for the current year.

Several hedge funds have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Changyou.Com by 53.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 113,907 shares of the technology company’s stock valued at $1,095,000 after acquiring an additional 39,775 shares during the last quarter. Acadian Asset Management LLC lifted its stake in Changyou.Com by 9.8% in the second quarter. Acadian Asset Management LLC now owns 721,644 shares of the technology company’s stock valued at $6,932,000 after acquiring an additional 64,409 shares during the last quarter. Maso Capital Partners Ltd lifted its stake in Changyou.Com by 11.2% in the second quarter. Maso Capital Partners Ltd now owns 558,800 shares of the technology company’s stock valued at $5,370,000 after acquiring an additional 56,500 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in Changyou.Com in the second quarter valued at approximately $312,000. Finally, Aperio Group LLC acquired a new stake in Changyou.Com in the second quarter valued at approximately $63,000. Institutional investors and hedge funds own 26.24% of the company’s stock.

About Changyou.Com

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.

Read More: What is a support level?

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.