YY (YY) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of YY (NASDAQ:YY) from a hold rating to a buy rating in a research note published on Saturday. The brokerage currently has $125.00 price objective on the information services provider’s stock.
According to Zacks, “YY Inc. is a communication social platform, which engages users in online group activities through voice, text and video. The Company’s Platform consists of YY Client, the YY.com and Duowan.com web portals, Mobile YY and Web-based YY. YY Inc. is based in Guangzhou, the People’s Republic of China. “
Several other equities research analysts also recently issued reports on YY. Vetr upgraded YY from a buy rating to a strong-buy rating and set a $148.60 target price on the stock in a research report on Monday, February 5th. BidaskClub downgraded YY from a buy rating to a hold rating in a research report on Wednesday, January 31st. Finally, ValuEngine downgraded YY from a strong-buy rating to a buy rating in a research report on Thursday, December 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average price target of $99.91.
YY (NASDAQ:YY) last posted its earnings results on Tuesday, November 14th. The information services provider reported $1.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.05. The firm had revenue of $464.78 million for the quarter, compared to the consensus estimate of $425.44 million. YY had a return on equity of 34.26% and a net margin of 22.23%. The business’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.08 earnings per share. equities analysts anticipate that YY will post 6.09 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of YY. Huntington National Bank raised its position in YY by 93.6% during the third quarter. Huntington National Bank now owns 1,218 shares of the information services provider’s stock valued at $106,000 after purchasing an additional 589 shares in the last quarter. Cetera Advisor Networks LLC purchased a new stake in YY during the third quarter valued at about $203,000. Candriam Luxembourg S.C.A. purchased a new stake in YY during the third quarter valued at about $208,000. Cornerstone Wealth Management LLC purchased a new stake in YY during the fourth quarter valued at about $221,000. Finally, Boothbay Fund Management LLC purchased a new stake in YY during the third quarter valued at about $233,000. Institutional investors own 56.63% of the company’s stock.
YY Company Profile
YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.
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