iQIYI’s (IQ) “Hold” Rating Reiterated at Benchmark

Benchmark reiterated their hold rating on shares of iQIYI (NASDAQ:IQ) in a research report sent to investors on Friday,Benzinga reports.

IQ has been the subject of a number of other research reports. Nomura Securities upgraded shares of iQIYI to a “hold” rating in a research note 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 for the company. in a research report on Tuesday, August 27th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, iQIYI currently has a consensus rating of “Hold” and an average price target of $3.15.

iQIYI Trading Down 3.5 %

iQIYI stock opened at $1.95 on Friday. iQIYI has a 12 month low of $1.92 and a 12 month high of $5.80. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.55 and a beta of 0.08. The business has a 50 day moving average price of $2.47 and a two-hundred day moving average price of $3.25. 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 issued its earnings results on Thursday, August 22nd. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.05). iQIYI had a return on equity of 13.43% and a net margin of 4.69%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the business earned $0.05 earnings per share. As a group, equities analysts forecast that iQIYI will post 0.16 EPS for the current year.

Hedge Funds Weigh In On iQIYI

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ acquired a new position in iQIYI in the second quarter worth $31,000. Ground Swell Capital LLC bought a new position in shares of iQIYI in the third quarter valued at about $32,000. Flow Traders U.S. LLC acquired a new position in iQIYI during the 3rd quarter worth about $32,000. Seven Eight Capital LP bought a new stake in iQIYI during the 2nd quarter worth about $42,000. Finally, Vanguard Personalized Indexing Management LLC bought a new stake in iQIYI during the 2nd quarter worth about $46,000. 52.69% of the stock is currently owned by institutional investors and hedge funds.

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.