BidaskClub Lowers Changyou.Com (NASDAQ:CYOU) to Sell

Changyou.Com (NASDAQ:CYOU) was downgraded by BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, May 22nd, BidAskClub reports.

A number of other equities research analysts also recently weighed in on the stock. ValuEngine downgraded shares of Changyou.Com from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded shares of Changyou.Com from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research report on Friday, April 5th.

CYOU stock traded down $0.30 during trading hours on Wednesday, reaching $10.31. 333,188 shares of the stock were exchanged, compared to its average volume of 233,932. The stock has a market cap of $574.04 million, a PE ratio of 6.57 and a beta of 0.77. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.16. Changyou.Com has a 12 month low of $8.86 and a 12 month high of $22.27.

Changyou.Com (NASDAQ:CYOU) last announced its quarterly earnings data on Monday, April 29th. The technology company reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.29. The company had revenue of $123.31 million during the quarter, compared to analysts’ expectations of $114.15 million. Changyou.Com had a return on equity of 16.03% and a net margin of 28.48%. Changyou.Com’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. On average, analysts forecast that Changyou.Com will post 1.97 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of the business. Morgan Stanley lifted its holdings in shares of Changyou.Com by 3,678.1% in the first quarter. Morgan Stanley now owns 126,379 shares of the technology company’s stock worth $2,160,000 after buying an additional 123,034 shares in the last quarter. SEI Investments Co raised its position in Changyou.Com by 10.2% during the 1st quarter. SEI Investments Co now owns 78,942 shares of the technology company’s stock worth $1,350,000 after buying an additional 7,276 shares during the last quarter. Renaissance Technologies LLC raised its position in Changyou.Com by 16.0% during the 1st quarter. Renaissance Technologies LLC now owns 976,015 shares of the technology company’s stock worth $16,690,000 after buying an additional 134,500 shares during the last quarter. Maso Capital Partners Ltd raised its position in Changyou.Com by 3.3% during the 1st quarter. Maso Capital Partners Ltd now owns 502,300 shares of the technology company’s stock worth $8,589,000 after buying an additional 15,900 shares during the last quarter. Finally, AJO LP raised its position 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 buying an additional 554,611 shares during the last quarter. 26.44% 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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