iQIYI, Inc. (NASDAQ:IQ) Receives $2.91 Consensus Target Price from Analysts

iQIYI, Inc. (NASDAQ:IQ) has been given an average rating of “Hold” by the eight analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $2.91.

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

Hedge Funds Weigh In On iQIYI

Institutional investors and hedge funds have recently modified their holdings of the company. Flow Traders U.S. LLC acquired a new stake in iQIYI in the 3rd quarter valued at $32,000. Ground Swell Capital LLC acquired a new position in iQIYI during the 3rd quarter worth $32,000. SBI Securities Co. Ltd. bought a new stake in shares of iQIYI in the 4th quarter worth about $32,000. PDS Planning Inc acquired a new stake in shares of iQIYI in the 4th quarter valued at about $35,000. Finally, HighTower Advisors LLC lifted its position in shares of iQIYI by 102.9% during the third quarter. HighTower Advisors LLC now owns 19,840 shares of the company’s stock worth $56,000 after purchasing an additional 701,901 shares during the last quarter. Hedge funds and other institutional investors own 52.69% of the company’s stock.

iQIYI Stock Down 4.6 %

Shares of IQ opened at $2.29 on Friday. The firm’s 50-day simple moving average is $2.11 and its 200 day simple moving average is $2.38. The firm has a market cap of $2.20 billion, a P/E ratio of 11.45, a price-to-earnings-growth ratio of 3.76 and a beta of 0.03. iQIYI has a 52 week low of $1.82 and a 52 week high of $5.80. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.45 and a current ratio of 0.45.

iQIYI (NASDAQ:IQ) last posted its quarterly earnings results on Thursday, November 21st. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company posted $0.07 earnings per share. On average, analysts forecast that iQIYI will post 0.14 earnings per share 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.