iQIYI, Inc. (NASDAQ:IQ – Get Rating) earned an average recommendation of “Hold” from the eight research firms that currently cover the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The 12-month average price target among analysts who have reported on the stock over the past year is $5.31.
A number of equity research analysts have commented on IQ’s stock. Benchmark reduced its price target on iQIYI from $7.00 to $6.00 and set a “buy” rating for the company in a Wednesday, August 31 research note. UBS Group has upgraded iQIYI from a “neutral” rating to a “buy” rating and set a price target of $4.80 for the company in a Thursday, September 1 research note. Citigroup downgraded iQIYI from a “neutral” rating to a “buy” rating and raised its price target for the company from $4.50 to $5.60 in a Thursday, May 26 research note. Macquarie began covering iQIYI in a research note on Tuesday August 23. They issued an “underperforming” rating and a price target of $2.80 for the company. Finally, JPMorgan Chase & Co. began covering iQIYI in a research note on Wednesday, September 7. They issued an “overweight” rating and a price target of $7.00 for the company.
iQIYI Institutional Trading
A number of institutional investors have recently increased or reduced their stake in the stock. FNY Investment Advisers LLC increased its equity stake in iQIYI by 915.0% in Q1. FNY Investment Advisers LLC now owns 10,150 shares of the company valued at $46,000 after purchasing an additional 9,150 shares in the last quarter. Bluefin Capital Management LLC increased its equity stake in iQIYI by 212.5% in Q2. Bluefin Capital Management LLC now owns 11,252 shares of the company worth $50,000 after purchasing an additional 21,252 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in iQIYI by 1,404.1% in the second quarter. Cubist Systematic Strategies LLC now owns 13,101 shares of the company valued at $55,000 after purchasing an additional 12,230 shares in the last quarter. Yousif Capital Management LLC acquired a new position in iQIYI stock during the second quarter worth approximately $58,000. Finally, Comerica Bank bought a new stock position of iQIYI in the second quarter worth $60,000. Hedge funds and other institutional investors hold 44.85% of the company’s shares.
Performance of iQIYI shares
Shares of iQIYI opened at $3.13 on Friday. The stock’s fifty-day moving average is $3.79 and its two-hundred-day moving average is $3.94. The company has a market capitalization of $2.50 billion, a PE ratio of -4.47 and a beta of 0.72. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt ratio of 1.92. iQIYI has a 52-week low of $1.86 and a 52-week high of $10.37.
iQIYI (NASDAQ:IQ – Get Rating) last released its quarterly results on Tuesday, August 30. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analyst consensus estimates of ($0.06) by ($0.22). iQIYI had a negative return on equity of 48.03% and a negative net margin of 12.33%. During the same period of the previous year, the company posted an EPS of ($0.27). As a group, analysts expect iQIYI to post -0.04 earnings per share for the current year.
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iQIYI, Inc, together with its subsidiaries, provides online entertainment services under the iQIYI brand in the People’s Republic of China. The Company offers various products and services including Internet video, online games, live streaming, online literature, animations, e-commerce and social media platform.
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