iQIYI, Inc. (NASDAQ:IQ) Receives $6.18 Average Target Price from Brokerages

iQIYI, Inc. (NASDAQ:IQ) has been given an average rating of “Hold” by the four brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $6.18.

Several equities research analysts recently weighed in on the company. OTR Global restated a “mixed” rating on shares of iQIYI in a research note on Thursday, April 4th. Benchmark restated a “buy” rating and set a $9.00 target price on shares of iQIYI in a research note on Friday, May 17th.

iQIYI Stock Performance

Shares of iQIYI stock opened at $3.89 on Friday. The business has a 50-day moving average of $4.53 and a 200 day moving average of $4.22. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 13.89, a price-to-earnings-growth ratio of 0.27 and a beta of 0.08. iQIYI has a 12 month low of $3.06 and a 12 month high of $6.47.

iQIYI (NASDAQ:IQ) last announced its quarterly earnings data on Thursday, May 16th. The company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.04. iQIYI had a return on equity of 17.57% and a net margin of 6.23%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.09 billion. As a group, sell-side analysts forecast that iQIYI will post 0.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ballentine Partners LLC acquired a new stake in iQIYI in the fourth quarter valued at $54,000. Raymond James Financial Services Advisors Inc. acquired a new stake in iQIYI in the fourth quarter valued at $61,000. Tower Research Capital LLC TRC boosted its stake in shares of iQIYI by 321.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,585 shares of the company’s stock valued at $86,000 after acquiring an additional 13,417 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of iQIYI during the fourth quarter valued at $114,000. Finally, DGS Capital Management LLC boosted its stake in shares of iQIYI by 111.1% during the fourth quarter. DGS Capital Management LLC now owns 26,517 shares of the company’s stock valued at $129,000 after acquiring an additional 13,958 shares during the last quarter. Institutional investors and hedge funds own 52.69% of the company’s stock.

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.