According to Zacks, “Phoenix New Media Limited provides premium content on an integrated platform across Internet, mobile and TV channels in China. The Company provides global news coverage, investigative reports and in-depth analysis of events in compelling presentation formats. It enable consumers to access professional news and other quality content and share user-generated content, or UGC, on the Internet and through their mobile devices. Phoenix New Media Limited is a subsidiary of Phoenix Satellite Television (B.V.I.) Holding Limited and is based in Beijing, the Peoples’ Republic of China. “
A number of other equities analysts have also issued reports on FENG. ValuEngine lowered shares of Zumiez from a hold rating to a sell rating in a research report on Tuesday, July 2nd. TheStreet raised shares of SUMMIT THERAPEU/S from a d rating to a c- rating in a research report on Thursday, June 13th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $9.05.
FENG stock opened at $2.96 on Wednesday. The stock has a market capitalization of $215.58 million, a price-to-earnings ratio of -22.77 and a beta of 2.14. The firm’s 50-day moving average price is $3.43. Phoenix New Media has a one year low of $2.83 and a one year high of $5.30. The company has a current ratio of 1.41, a quick ratio of 1.41 and a debt-to-equity ratio of 0.02.
Phoenix New Media (NYSE:FENG) last released its quarterly earnings results on Monday, May 13th. The information services provider reported ($0.25) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.24). Phoenix New Media had a negative net margin of 9.15% and a negative return on equity of 4.04%. The firm had revenue of $42.45 million for the quarter. As a group, sell-side analysts expect that Phoenix New Media will post 0.09 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. International Value Advisers LLC grew its stake in Phoenix New Media by 26.7% in the 1st quarter. International Value Advisers LLC now owns 4,168,723 shares of the information services provider’s stock valued at $17,550,000 after acquiring an additional 878,139 shares during the period. FIL Ltd raised its holdings in Phoenix New Media by 6.3% in the 1st quarter. FIL Ltd now owns 1,738,091 shares of the information services provider’s stock valued at $7,317,000 after buying an additional 103,531 shares during the period. Geode Capital Management LLC purchased a new stake in Phoenix New Media in the 4th quarter valued at about $137,000. Millennium Management LLC raised its holdings in Phoenix New Media by 232.6% in the 4th quarter. Millennium Management LLC now owns 94,661 shares of the information services provider’s stock valued at $303,000 after buying an additional 66,198 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Phoenix New Media by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 254,498 shares of the information services provider’s stock valued at $813,000 after buying an additional 3,813 shares during the period. 15.62% of the stock is currently owned by institutional investors and hedge funds.
Phoenix New Media Company Profile
Phoenix New Media Limited provides content on an integrated Internet platform in the People's Republic of China. The company operates in two segments, Net Advertising Services and Paid Services. It offers content and services through three channels, including PC channel, mobile channel, and telecom operators, as well as transmits content to TV viewers, primarily through Phoenix TV.
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