Changyou.Com (NASDAQ:CYOU) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Changyou.Com (NASDAQ:CYOU) from a buy rating to a hold rating in a report issued on Thursday morning, Zacks.com reports.

According to Zacks, “Changyou.com Limited is a developer and operator of online games in China. It engages in the development, operation, and licensing of massively multi-player online role-playing games, which are interactive online games that are played simultaneously by various game players. The company currently operates two multi-player online role-playing games (MMORPGs), including the in-house developed Tian Long Ba Bu and the licensed Blade Online. Changyou.com has three MMORPGs in the pipeline, which include the Duke of Mount Deer, Immortal Faith, and the Legend of the Ancient World. Based in Beijing, the People’s Republic of China, Changyou.com Limited is a subsidiary of Sohu.com Inc. “

A number of other analysts have also recently issued reports on the company. ValuEngine cut Intersect ENT from a buy rating to a hold rating in a research report on Monday, June 3rd. BidaskClub cut Xencor from a sell rating to a strong sell rating in a research report on Tuesday, June 11th.

Shares of NASDAQ CYOU opened at $8.87 on Thursday. The company’s 50 day moving average is $10.30. Changyou.Com has a 52 week low of $8.71 and a 52 week high of $22.27. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $472.33 million, a PE ratio of 5.65 and a beta of 0.76.

Changyou.Com (NASDAQ:CYOU) last released its quarterly earnings data on Monday, April 29th. The technology company reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.29. Changyou.Com had a return on equity of 16.03% and a net margin of 28.48%. The company had revenue of $123.31 million during the quarter, compared to analysts’ expectations of $114.15 million. During the same period last year, the firm posted $0.55 earnings per share. The business’s revenue was down 10.1% on a year-over-year basis. As a group, sell-side analysts forecast that Changyou.Com will post 1.97 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in CYOU. Segantii Capital Management Ltd acquired a new stake in shares of Changyou.Com in the first quarter valued at approximately $62,000. Citigroup Inc. bought a new position in shares of Changyou.Com during the fourth quarter worth approximately $121,000. Unison Advisors LLC bought a new position in shares of Changyou.Com during the second quarter worth approximately $154,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Changyou.Com during the first quarter worth approximately $262,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Changyou.Com during the first quarter worth approximately $269,000. 26.55% of the stock is owned by institutional investors.

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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