iQIYI, Inc. (NASDAQ:IQ) Receives Average Analyst Rating of “Hold”

Shares of iQIYI, Inc. (NASDAQ:IQ – Get Rating) received a consensus rating of “Hold” from the eleven analysts who cover the company, reports. Two investment analysts rated the stock with a sell recommendation, six gave a hold recommendation and two gave the company a buy recommendation. The 12-month average target price among brokerages that have reported on the stock over the past year is $10.41.

Several equity research analysts have recently released IQ stock reports. HSBC lowered its target price on iQIYI shares from $8.10 to $4.80 in a Friday, January 14 report. OTR Global reiterated a “negative” rating on iQIYI shares in a Monday, January 10 report. JPMorgan Chase & Co. downgraded iQIYI shares from an “overweight” rating to an “underweight” rating and lowered its target price for the stock from $8.00 to $2.00 in a report Monday, March 14. Zacks Investment Research downgraded iQIYI shares from a “buy” rating to a “hold” rating in a Thursday, March 24 research rating. Finally, Benchmark launched a hedge on iQIYI shares in a research note on Tuesday, December 28. They issued a “holding” rating on the stock.

Hedge funds have recently changed their stock holdings. Parallel Advisors LLC increased its holdings of iQIYI shares by 101.8% in Q4. Parallel Advisors LLC now owns 8,311 shares of the company valued at $38,000 after acquiring an additional 4,192 shares during the period. Rafferty Asset Management LLC bought a new stock position of iQIYI in Q3 worth $226,000. Balyasny Asset Management LLC increased its equity stake in iQIYI by 95.2% in Q3. Balyasny Asset Management LLC now owns 1,365,653 shares of the company valued at $10,966,000 after acquiring an additional 666,200 shares during the period. Quadrant Capital Group LLC increased its equity stake in iQIYI by 185.9% in Q4. Quadrant Capital Group LLC now owns 12,887 shares of the company valued at $59,000 after acquiring an additional 8,379 shares during the period. Finally, Renaissance Technologies LLC bought a new stock position of iQIYI in Q3 worth $1,586,000. 30.63% of the shares are currently held by institutional investors.

IQ stock opened at $3.76 on Thursday. iQIYI has a 52-week low of $1.86 and a 52-week high of $16.22. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt ratio of 2.40. The company has a fifty-day simple moving average of $4.16 and a two-hundred-day simple moving average of $5.42. The company has a market capitalization of $3.01 billion, a P/E ratio of -3.11 and a beta of 0.80.

iQIYI (NASDAQ:IQ – Get Rating) last released its results on Tuesday, March 1. The company reported ($0.25) earnings per share (EPS) for the quarter, beating Thomson Reuters consensus estimate of ($0.31) by $0.06. The company posted revenue of $1.16 billion in the quarter, versus analyst estimates of $1.16 billion. iQIYI had a negative net margin of 20.28% and a negative return on equity of 77.71%. As a group, analysts expect iQIYI to post -0.36 EPS for the current year.

About iQIYI (Get an assessment)

iQIYI, Inc engages in the provision of video streaming services over the Internet. It operates a smart TV streaming service and entertainment-based social media platform, iQIYI Paopao. The company also distributes video content through third-party platforms. The company was founded by Yu Gong in November 2009 and is based in Haidan District, China.

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