BidaskClub Lowers Changyou.Com (NASDAQ:CYOU) to Strong Sell
A number of other analysts have also recently commented on CYOU. ValuEngine upgraded shares of Changyou.Com from a strong sell rating to a sell rating in a research note on Wednesday, October 2nd. Jefferies Financial Group initiated coverage on shares of Changyou.Com in a research note on Monday, August 5th. They issued an underperform rating and a $6.90 target price for the company. Finally, Zacks Investment Research upgraded shares of Changyou.Com from a hold rating to a buy rating and set a $11.00 target price for the company in a research note on Thursday, November 7th.
Shares of Changyou.Com stock traded up $0.01 on Thursday, reaching $9.48. The stock had a trading volume of 134,900 shares, compared to its average volume of 250,109. The company has a 50 day moving average price of $9.55 and a 200 day moving average price of $10.38. Changyou.Com has a 1 year low of $5.43 and a 1 year high of $22.27. The stock has a market capitalization of $510.14 million, a P/E ratio of 6.04, a P/E/G ratio of 0.12 and a beta of 0.92.
Hedge funds have recently added to or reduced their stakes in the stock. Aperio Group LLC acquired a new stake in Changyou.Com in the 2nd quarter worth approximately $63,000. Jane Street Group LLC acquired a new stake in Changyou.Com in the 2nd quarter worth approximately $121,000. Wealth Architects LLC acquired a new stake in Changyou.Com in the 3rd quarter worth approximately $127,000. Trexquant Investment LP acquired a new stake in Changyou.Com in the 2nd quarter worth approximately $131,000. Finally, Unison Advisors LLC acquired a new stake in Changyou.Com in the 2nd quarter worth approximately $154,000. Institutional investors own 27.60% of the company’s stock.
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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