Youku.com Target of Unusually High Options Trading (YOKU)
Youku.com (NASDAQ:YOKU) was the recipient of unusually large options trading activity on Tuesday. Traders bought 10,604 call options on the stock, StockRatingsNetwork reports. This is an increase of 192% compared to the typical daily volume of 3,626 call options.
A number of research firms have recently commented on YOKU. Analysts at HSBC cut their price target on shares of Youku.com (NASDAQ:YOKU) from $29.00 to $28.00 in a research note to investors on Wednesday, September 4th. They now have an “overweight” rating on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Youku.com (NASDAQ:YOKU) from an “overweight” rating to a “neutral” rating in a research note to investors on Friday, August 30th. They now have a $23.00 price target on the stock, down previously from $25.00. Finally, analysts at Deutsche Bank downgraded shares of Youku.com (NASDAQ:YOKU) from a “buy” rating to a “hold” rating in a research note to investors on Monday, August 12th. They now have a $23.00 price target on the stock, up previously from $22.84.
Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.12.
Youku.com (NASDAQ:YOKU) opened at 26.57 on Wednesday. Youku.com has a 52 week low of $13.82 and a 52 week high of $29.30. The stock has a 50-day moving average of $24.26 and a 200-day moving average of $20.42. The company’s market cap is $4.407 billion.
Youku.com (NASDAQ:YOKU) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.10) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.75) by $0.65. The company had revenue of $122.80 million for the quarter, compared to the consensus estimate of $122.30 million. During the same quarter in the previous year, the company posted ($0.09) earnings per share. The company’s revenue for the quarter was up 101.3% on a year-over-year basis. Analysts expect that Youku.com will post $-2.58 EPS for the current fiscal year.
Youku.com Inc is an Internet television company in People’s Republic of China. Its Internet television platform enables consumers to search, view and share video content quickly and easily across multiple devices.
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