YY Inc (NASDAQ:YY) Receives Consensus Recommendation of “Buy” from Brokerages

YY Inc (NASDAQ:YY) has been assigned an average recommendation of “Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $94.75.

YY has been the topic of a number of research reports. Tigress Financial restated a “buy” rating on shares of YY in a research note on Friday, April 5th. Benchmark restated a “buy” rating and set a $95.00 price target (down previously from $106.00) on shares of YY in a research note on Wednesday, May 29th. Zacks Investment Research downgraded Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. ValuEngine upgraded Zumiez from a “sell” rating to a “hold” rating in a research note on Saturday, June 22nd. Finally, Nomura raised their price target on Momo from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th.

Several hedge funds have recently made changes to their positions in the business. Rocky Mountain Advisers LLC bought a new position in shares of YY during the first quarter valued at about $31,000. Van ECK Associates Corp lifted its position in shares of YY by 40.0% during the fourth quarter. Van ECK Associates Corp now owns 700 shares of the information services provider’s stock valued at $42,000 after purchasing an additional 200 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of YY by 40.7% during the first quarter. Quadrant Capital Group LLC now owns 829 shares of the information services provider’s stock valued at $67,000 after purchasing an additional 240 shares in the last quarter. NumerixS Investment Technologies Inc bought a new position in shares of YY during the fourth quarter valued at about $67,000. Finally, Cascade Investment Advisors Inc. lifted its position in shares of YY by 14.0% during the first quarter. Cascade Investment Advisors Inc. now owns 1,220 shares of the information services provider’s stock valued at $102,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 60.46% of the company’s stock.

NASDAQ:YY traded down $0.96 during mid-day trading on Friday, reaching $64.99. 970,796 shares of the stock were exchanged, compared to its average volume of 993,061. The company has a 50 day moving average of $70.71. The firm has a market capitalization of $4.17 billion, a PE ratio of 9.12, a P/E/G ratio of 0.69 and a beta of 1.20. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.75 and a quick ratio of 2.75. YY has a 1 year low of $55.55 and a 1 year high of $101.64.

YY (NASDAQ:YY) last released its quarterly earnings results on Tuesday, May 28th. The information services provider reported $1.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.45 by ($0.07). The firm had revenue of $705.30 million for the quarter, compared to analysts’ expectations of $625.37 million. YY had a return on equity of 12.91% and a net margin of 24.06%. The company’s quarterly revenue was up 36.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.72 EPS. Sell-side analysts expect that YY will post 6.72 EPS for the current fiscal year.

YY Company Profile

YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.

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Analyst Recommendations for YY (NASDAQ:YY)

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