iQIYI, Inc. (NASDAQ:IQ) Receives $6.54 Average Price Target from Analysts

Shares of iQIYI, Inc. (NASDAQ:IQ - Get Free Report) have received an average rating of "Hold" from the five brokerages that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $6.54.

Separately, OTR Global reiterated a "mixed" rating on shares of iQIYI in a research note on Thursday, April 4th.

iQIYI Trading Down 0.7 %

Shares of IQ traded down $0.03 during trading on Monday, reaching $4.09. 8,130,310 shares of the company traded hands, compared to its average volume of 8,475,740. iQIYI has a twelve month low of $3.06 and a twelve month high of $7.36. The stock has a market cap of $3.92 billion, a PE ratio of 18.59 and a beta of 0.27. The stock has a 50-day simple moving average of $3.90 and a 200-day simple moving average of $4.30. The company has a quick ratio of 0.57, a current ratio of 0.57 and a debt-to-equity ratio of 0.68.

iQIYI (NASDAQ:IQ - Get Free Report) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. iQIYI had a net margin of 4.76% and a return on equity of 13.56%. The business had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.08 billion. On average, analysts anticipate that iQIYI will post 0.38 earnings per share for the current year.

Hedge Funds Weigh In On iQIYI

Several institutional investors have recently bought and sold shares of IQ. FMR LLC increased its stake in iQIYI by 92.1% in the 1st quarter. FMR LLC now owns 6,366 shares of the company's stock valued at $46,000 after buying an additional 3,052 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in shares of iQIYI during the 3rd quarter worth $49,000. CIBC Asset Management Inc purchased a new stake in shares of iQIYI during the 4th quarter worth $51,000. Mariner LLC purchased a new stake in shares of iQIYI during the 3rd quarter worth $53,000. Finally, Ballentine Partners LLC purchased a new stake in shares of iQIYI during the 4th quarter worth $54,000. 52.69% of the stock is 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.