YY Inc (NASDAQ:YY) has earned a consensus rating of “Buy” from the thirteen research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $90.51.
Several brokerages have recently issued reports on YY. Zacks Investment Research raised YY from a “sell” rating to a “hold” rating in a research note on Saturday, May 11th. Benchmark reiterated a “buy” rating and issued a $95.00 price objective (down previously from $106.00) on shares of YY in a report on Wednesday, May 29th. Jefferies Financial Group assumed coverage on YY in a report on Monday. They issued a “buy” rating and a $76.10 price objective for the company. BidaskClub downgraded YY from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 23rd. Finally, ValuEngine upgraded YY from a “sell” rating to a “hold” rating in a report on Friday, August 2nd.
Shares of YY traded down $0.88 during trading hours on Wednesday, hitting $55.36. 47,900 shares of the stock traded hands, compared to its average volume of 957,415. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.01. YY has a 1-year low of $55.55 and a 1-year high of $90.81. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.23 and a beta of 1.21. The firm has a fifty day simple moving average of $67.29.
YY (NASDAQ:YY) last issued its quarterly earnings results on Tuesday, May 28th. The information services provider reported $1.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.45 by ($0.07). YY had a net margin of 24.06% and a return on equity of 12.91%. The firm had revenue of $705.30 million for the quarter, compared to analyst estimates of $625.37 million. During the same period last year, the company earned $1.72 EPS. The company’s revenue was up 36.2% compared to the same quarter last year. As a group, equities research analysts expect that YY will post 3.45 earnings per share for the current year.
Institutional investors have recently made changes to their positions in the business. Rocky Mountain Advisers LLC acquired a new position in shares of YY during the first quarter worth about $31,000. Advisor Group Inc. boosted its position in shares of YY by 61.9% during the second quarter. Advisor Group Inc. now owns 696 shares of the information services provider’s stock worth $48,000 after buying an additional 266 shares during the period. Bartlett & Co. LLC boosted its position in shares of YY by 59.6% during the second quarter. Bartlett & Co. LLC now owns 750 shares of the information services provider’s stock worth $52,000 after buying an additional 280 shares during the period. Quadrant Capital Group LLC boosted its position in shares of YY by 40.7% during the first quarter. Quadrant Capital Group LLC now owns 829 shares of the information services provider’s stock worth $67,000 after buying an additional 240 shares during the period. Finally, Altshuler Shaham Ltd acquired a new position in shares of YY during the second quarter worth about $298,000. Institutional investors own 60.52% of the company’s stock.
YY Inc, through its subsidiaries, engages in the live streaming business in the People's Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform.
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