YY (NASDAQ:YY) PT Raised to $77.00

YY (NASDAQ:YY) had its target price lifted by Nomura from $70.00 to $77.00 in a research note issued on Wednesday, The Fly reports. The firm presently has a “buy” rating on the information services provider’s stock. Nomura’s target price suggests a potential upside of 25.69% from the company’s previous close.

Several other equities research analysts have also weighed in on YY. BidaskClub upgraded shares of YY from a “hold” rating to a “buy” rating in a research note on Tuesday. TheStreet lowered shares of YY from a “b-” rating to a “c+” rating in a research note on Friday, August 30th. ValuEngine upgraded shares of YY from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. UBS Group upgraded shares of YY from a “neutral” rating to a “buy” rating in a research note on Friday, September 20th. Finally, Zacks Investment Research upgraded shares of YY from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Saturday, October 19th. Eleven investment analysts have rated the stock with a buy rating, YY currently has a consensus rating of “Buy” and a consensus price target of $85.01.

Shares of YY stock opened at $61.26 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.29 and a current ratio of 4.29. YY has a one year low of $51.00 and a one year high of $88.85. The company’s 50-day simple moving average is $58.79 and its 200-day simple moving average is $64.02. The stock has a market capitalization of $5.29 billion, a price-to-earnings ratio of 8.59, a PEG ratio of 1.39 and a beta of 1.16.

YY (NASDAQ:YY) last issued its quarterly earnings results on Tuesday, November 12th. The information services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.75 by $0.15. The business had revenue of $962.90 million for the quarter, compared to analysts’ expectations of $947.24 million. YY had a net margin of 22.75% and a return on equity of 9.71%. During the same quarter last year, the company posted $1.76 earnings per share. As a group, research analysts forecast that YY will post 3.3 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. raised its stake in YY by 214.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 377 shares of the information services provider’s stock worth $26,000 after acquiring an additional 257 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of YY by 200.0% in the second quarter. Rehmann Capital Advisory Group now owns 390 shares of the information services provider’s stock valued at $27,000 after purchasing an additional 260 shares during the period. Tower Research Capital LLC TRC acquired a new stake in shares of YY in the third quarter valued at approximately $30,000. Advisor Group Inc. increased its stake in shares of YY by 61.9% in the second quarter. Advisor Group Inc. now owns 696 shares of the information services provider’s stock valued at $48,000 after purchasing an additional 266 shares during the period. Finally, Bartlett & Co. LLC increased its stake in shares of YY by 59.6% in the second quarter. Bartlett & Co. LLC now owns 750 shares of the information services provider’s stock valued at $52,000 after purchasing an additional 280 shares during the period. Hedge funds and other institutional investors own 51.48% of the company’s stock.

YY Company Profile

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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