Brokerages Set iQIYI, Inc. (NASDAQ:IQ) PT at $2.91

Shares of iQIYI, Inc. (NASDAQ:IQ) have been given a consensus recommendation of “Hold” by the eight analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $2.91.

Several research analysts have commented on the company. Benchmark reaffirmed a “hold” rating on shares of iQIYI in a research report on Friday, January 24th. Hsbc Global Res raised iQIYI from a “moderate sell” rating to a “hold” rating in a research report on Thursday, January 16th. Citigroup dropped their price target on iQIYI from $3.00 to $2.80 and set a “buy” rating on the stock in a research report on Thursday, January 16th. OTR Global restated a “negative” rating on shares of iQIYI in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. cut their target price on iQIYI from $2.50 to $1.80 and set a “neutral” rating for the company in a research note on Friday, November 22nd.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IQ. Flow Traders U.S. LLC acquired a new position in iQIYI during the third quarter worth $32,000. Ground Swell Capital LLC acquired a new position in iQIYI during the third quarter worth $32,000. SBI Securities Co. Ltd. acquired a new position in iQIYI during the fourth quarter worth $32,000. PDS Planning Inc acquired a new position in iQIYI during the fourth quarter worth $35,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in iQIYI during the fourth quarter worth $37,000. 52.69% of the stock is currently owned by institutional investors and hedge funds.

iQIYI Stock Performance

Shares of NASDAQ IQ opened at $2.52 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.45 and a debt-to-equity ratio of 0.65. The business’s 50 day moving average is $2.12 and its two-hundred day moving average is $2.38. The company has a market cap of $2.42 billion, a P/E ratio of 12.60, a P/E/G ratio of 3.76 and a beta of 0.03. iQIYI has a 12 month low of $1.82 and a 12 month high of $5.80.

iQIYI (NASDAQ:IQ) last issued its quarterly earnings results on Thursday, November 21st. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.04 by $0.02. iQIYI had a return on equity of 13.26% and a net margin of 4.69%. During the same period in the prior year, the company posted $0.07 EPS. On average, equities analysts expect that iQIYI will post 0.14 EPS for the current year.

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.