Several other research analysts have also weighed in on the company. Nomura Securities raised iQIYI to a "hold" rating in a research report on Monday, August 26th. The Goldman Sachs Group lowered shares of iQIYI from a "buy" rating to a "neutral" rating and set a $2.80 price target on the stock. in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $3.45.
Check Out Our Latest Stock Analysis on iQIYI
Shares of NASDAQ:IQ traded down $0.07 during trading on Friday, hitting $1.95. 4,196,320 shares of the company's stock traded hands, compared to its average volume of 11,754,837. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.67. The company has a 50-day moving average price of $2.47 and a 200-day moving average price of $3.25. iQIYI has a 52 week low of $1.92 and a 52 week high of $5.80. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 0.56 and a beta of 0.08.
iQIYI (NASDAQ:IQ - Get Free Report) last released its earnings results on Thursday, August 22nd. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.05). iQIYI had a return on equity of 14.57% and a net margin of 5.37%. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $1.02 billion. During the same quarter last year, the company posted $0.05 EPS. As a group, research analysts forecast that iQIYI will post 0.16 EPS for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Genesis Investment Management LLP increased its holdings in iQIYI by 112.1% in the 3rd quarter. Genesis Investment Management LLP now owns 16,582,183 shares of the company's stock valued at $47,425,000 after buying an additional 8,765,711 shares during the period. Federated Hermes Inc. raised its position in iQIYI by 18.9% during the second quarter. Federated Hermes Inc. now owns 16,057,035 shares of the company's stock valued at $58,929,000 after purchasing an additional 2,549,287 shares in the last quarter. Maple Rock Capital Partners Inc. lifted its stake in iQIYI by 65.4% during the first quarter. Maple Rock Capital Partners Inc. now owns 10,320,000 shares of the company's stock worth $43,654,000 after purchasing an additional 4,080,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of iQIYI by 13.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,846,420 shares of the company's stock valued at $21,443,000 after purchasing an additional 694,349 shares in the last quarter. Finally, Quarry LP bought a new position in shares of iQIYI in the 2nd quarter valued at $18,075,000. Institutional investors own 52.69% of the company's stock.
iQIYI, Inc, together with its subsidiaries, provides online entertainment video services in the People's Republic of China. It offers various products and services, including online video, online games, online literature, animations, and other products. The company operates a platform that provides a collection of internet video content, such as professionally produced content licensed from professional content providers and self-produced content.
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