ValuEngine upgraded shares of Changyou.Com (NASDAQ:CYOU) from a strong sell rating to a sell rating in a research note issued to investors on Tuesday, ValuEngine reports.

A number of other research analysts have also recently issued reports on CYOU. BidaskClub cut Changyou.Com from a sell rating to a strong sell rating in a report on Saturday, July 27th. Jefferies Financial Group assumed coverage on Changyou.Com in a report on Monday, August 5th. They issued an underperform rating and a $6.90 price target for the company. Finally, Zacks Investment Research cut Changyou.Com from a strong-buy rating to a hold rating in a report on Wednesday, August 7th.

Changyou.Com stock opened at $9.16 on Tuesday. The stock has a 50-day simple moving average of $6.65 and a 200 day simple moving average of $13.10. Changyou.Com has a 12-month low of $5.43 and a 12-month high of $22.27. The stock has a market capitalization of $473.93 million, a price-to-earnings ratio of 5.83 and a beta of 0.83.

Changyou.Com (NASDAQ:CYOU) last released its quarterly earnings results on Monday, August 5th. The technology company reported $0.27 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.11). Changyou.Com had a net margin of 24.82% and a return on equity of 16.25%. The business had revenue of $118.71 million during the quarter, compared to the consensus estimate of $111.92 million. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. Equities analysts predict that Changyou.Com will post 1.82 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC raised its holdings in shares of Changyou.Com by 24.9% in the second quarter. Renaissance Technologies LLC now owns 1,218,715 shares of the technology company’s stock valued at $11,712,000 after buying an additional 242,700 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Changyou.Com by 9.8% during the 2nd quarter. Acadian Asset Management LLC now owns 721,644 shares of the technology company’s stock worth $6,932,000 after purchasing an additional 64,409 shares during the last quarter. Vanguard Group Inc. raised its holdings in Changyou.Com by 9.2% during the 2nd quarter. Vanguard Group Inc. now owns 598,188 shares of the technology company’s stock worth $5,748,000 after purchasing an additional 50,275 shares during the last quarter. AJO LP raised its holdings in Changyou.Com by 1,345.8% during the 1st quarter. AJO LP now owns 595,821 shares of the technology company’s stock worth $10,189,000 after purchasing an additional 554,611 shares during the last quarter. Finally, Maso Capital Partners Ltd raised its holdings in Changyou.Com by 11.2% during the 2nd quarter. Maso Capital Partners Ltd now owns 558,800 shares of the technology company’s stock worth $5,370,000 after purchasing an additional 56,500 shares during the last quarter. 26.24% of the stock is owned by institutional investors and hedge funds.

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.

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