Changyou.Com (CYOU) Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of Changyou.Com (NASDAQ:CYOU) from a sell rating to a strong sell rating in a research report sent to investors on Wednesday.

A number of other brokerages have also weighed in on CYOU. ValuEngine raised Changyou.Com from a buy rating to a strong-buy rating in a research note on Sunday, December 31st. Deutsche Bank upgraded Changyou.Com from a hold rating to a buy rating in a report on Monday, October 30th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Changyou.Com currently has a consensus rating of Hold and a consensus target price of $38.06.

Changyou.Com (CYOU) traded up $0.26 during mid-day trading on Wednesday, reaching $28.13. The company had a trading volume of 173,200 shares, compared to its average volume of 263,550. Changyou.Com has a 12-month low of $24.53 and a 12-month high of $44.55. The stock has a market cap of $1,459.72, a price-to-earnings ratio of 13.73, a P/E/G ratio of 0.59 and a beta of 0.80.

Changyou.Com (NASDAQ:CYOU) last posted its earnings results on Monday, January 29th. The technology company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.17). Changyou.Com had a net margin of 18.76% and a return on equity of 8.64%. The company had revenue of $144.50 million during the quarter, compared to analysts’ expectations of $149.95 million. During the same period in the previous year, the company posted $0.75 EPS. Changyou.Com’s quarterly revenue was up 10.7% compared to the same quarter last year. equities research analysts anticipate that Changyou.Com will post 3.03 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in CYOU. PSquared Asset Management AG increased its holdings in shares of Changyou.Com by 92.2% during the 3rd quarter. PSquared Asset Management AG now owns 1,344,191 shares of the technology company’s stock worth $53,243,000 after buying an additional 644,958 shares during the last quarter. York Capital Management Global Advisors LLC acquired a new stake in Changyou.Com in the 4th quarter valued at $19,546,000. Parametrica Management Ltd increased its holdings in Changyou.Com by 1,579.6% in the 3rd quarter. Parametrica Management Ltd now owns 245,224 shares of the technology company’s stock valued at $9,713,000 after purchasing an additional 230,624 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Changyou.Com by 33.6% in the 4th quarter. Renaissance Technologies LLC now owns 878,500 shares of the technology company’s stock valued at $32,004,000 after purchasing an additional 220,900 shares in the last quarter. Finally, Schroder Investment Management Group increased its holdings in Changyou.Com by 41.1% in the 4th quarter. Schroder Investment Management Group now owns 737,122 shares of the technology company’s stock valued at $26,854,000 after purchasing an additional 214,576 shares in the last quarter. Institutional investors and hedge funds own 27.70% of the company’s stock.

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About 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 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.

Analyst Recommendations for Changyou.Com (NASDAQ:CYOU)

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