Benchmark Reiterates “Hold” Rating for iQIYI (NASDAQ:IQ)

iQIYI (NASDAQ:IQ)‘s stock had its “hold” rating reaffirmed by equities research analysts at Benchmark in a report issued on Friday,Benzinga reports.

Several other equities analysts have also recently issued reports on IQ. The Goldman Sachs Group cut shares of iQIYI from a “buy” rating to a “neutral” rating and set a $2.80 target price on the stock. in a research note on Tuesday, August 27th. Nomura Securities upgraded shares of iQIYI to a “hold” rating in a report on Monday, August 26th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat, iQIYI has a consensus rating of “Hold” and an average price target of $3.15.

iQIYI Price Performance

Shares of IQ opened at $1.95 on Friday. iQIYI has a twelve month low of $1.92 and a twelve month high of $5.80. The company has a market capitalization of $1.87 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.55 and a beta of 0.08. The firm has a 50 day moving average of $2.47 and a 200 day moving average of $3.23. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.67.

iQIYI (NASDAQ:IQ) last posted its earnings results on Thursday, August 22nd. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. iQIYI had a return on equity of 13.43% and a net margin of 4.69%. During the same period in the previous year, the business posted $0.05 EPS. As a group, equities research analysts anticipate that iQIYI will post 0.16 earnings per share for the current fiscal year.

Institutional Trading of iQIYI

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IQ. Skandinaviska Enskilda Banken AB publ purchased a new stake in iQIYI in the second quarter worth about $31,000. Ground Swell Capital LLC purchased a new stake in iQIYI in the 3rd quarter worth approximately $32,000. Flow Traders U.S. LLC bought a new stake in iQIYI during the 3rd quarter worth approximately $32,000. Seven Eight Capital LP purchased a new position in iQIYI during the second quarter valued at approximately $42,000. Finally, Vanguard Personalized Indexing Management LLC bought a new position in shares of iQIYI in the second quarter worth approximately $46,000. 52.69% of the stock is owned by hedge funds and other institutional investors.

iQIYI Company Profile

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.