Deutsche Bank AG downgraded shares of Changyou.com Limited (NASDAQ:CYOU) from a buy rating to a hold rating in a research note issued to investors on Tuesday, August 1st. Deutsche Bank AG currently has $44.00 target price on the technology company’s stock.
Several other brokerages have also recently weighed in on CYOU. Benchmark Co. started coverage on shares of Changyou.com Limited in a research note on Tuesday, April 18th. They issued a hold rating on the stock. BidaskClub lowered shares of Changyou.com Limited from a buy rating to a hold rating in a report on Friday, June 23rd. HSBC Holdings plc lowered shares of Changyou.com Limited from a buy rating to a hold rating in a report on Tuesday, May 23rd. Zacks Investment Research lowered shares of Changyou.com Limited from a buy rating to a hold rating in a report on Tuesday, June 27th. Finally, Citigroup Inc. raised shares of Changyou.com Limited from a sell rating to a neutral rating in a report on Monday, June 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Changyou.com Limited has a consensus rating of Hold and a consensus target price of $37.50.
Changyou.com Limited (NASDAQ CYOU) opened at 40.22 on Tuesday. Changyou.com Limited has a 1-year low of $21.01 and a 1-year high of $44.55.
Changyou.com Limited (NASDAQ:CYOU) last issued its quarterly earnings data on Monday, July 31st. The technology company reported $1.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.44. Changyou.com Limited had a net margin of 30.03% and a return on equity of 13.57%. The firm had revenue of $150.40 million for the quarter, compared to analysts’ expectations of $158.05 million. During the same quarter in the prior year, the business earned $0.68 EPS. The business’s quarterly revenue was up 16.4% on a year-over-year basis. Equities research analysts forecast that Changyou.com Limited will post $3.90 EPS for the current year.
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A number of large investors have recently made changes to their positions in CYOU. FMR LLC bought a new stake in shares of Changyou.com Limited during the fourth quarter worth about $323,000. Dimensional Fund Advisors LP bought a new stake in shares of Changyou.com Limited during the fourth quarter worth about $969,000. Neuberger Berman Group LLC raised its stake in shares of Changyou.com Limited by 2.9% in the first quarter. Neuberger Berman Group LLC now owns 1,869,547 shares of the technology company’s stock worth $52,422,000 after buying an additional 52,290 shares during the period. FIL Ltd raised its stake in shares of Changyou.com Limited by 243.8% in the first quarter. FIL Ltd now owns 355,570 shares of the technology company’s stock worth $9,970,000 after buying an additional 252,160 shares during the period. Finally, Clark Capital Management Group Inc. raised its stake in shares of Changyou.com Limited by 3.4% in the first quarter. Clark Capital Management Group Inc. now owns 53,950 shares of the technology company’s stock worth $1,513,000 after buying an additional 1,790 shares during the period. 25.05% of the stock is owned by institutional investors and hedge funds.
About Changyou.com Limited
Changyou.com Limited is an online game developer and operator. The Company is engaged in the development, operation and licensing of online games for personal computers (PCs) and mobile devices. The Company’s segments include Online Game segment, which consists primarily of PC games and mobile games; the Platform Channel segment, which consists primarily of online advertising services offered on the 17173.com Website, Internet value-added services (IVAS) offered on the Dolphin Browser and RaidCall and online card and board games offered by MoboTap, and the Cinema Advertising segment, which consists primarily of the acquisition, from operators of movie theaters, and the sale, to advertisers, of pre-film advertising slots, which are advertisements shown before the screening of a movie in a cinema theater.
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