JOYY (NASDAQ:YY) Cut to “Sell” at ValuEngine

ValuEngine lowered shares of JOYY (NASDAQ:YY) from a hold rating to a sell rating in a research note published on Wednesday morning, ValuEngine reports.

Other research analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of JOYY from a sell rating to a hold rating in a report on Saturday, November 14th. Benchmark raised their price objective on shares of JOYY from $115.00 to $165.00 in a report on Tuesday, November 17th. Nomura reiterated a buy rating on shares of JOYY in a report on Sunday, August 16th. BidaskClub upgraded shares of JOYY from a hold rating to a buy rating in a report on Monday, November 2nd. Finally, TheStreet upgraded shares of JOYY from a c+ rating to a b rating in a report on Monday, October 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus target price of $103.78.

YY stock opened at $85.22 on Wednesday. The stock has a market capitalization of $6.89 billion, a P/E ratio of 6.46, a price-to-earnings-growth ratio of 18.05 and a beta of 1.19. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.13. JOYY has a 12 month low of $41.33 and a 12 month high of $108.21. The firm has a 50-day moving average price of $87.72 and a 200-day moving average price of $80.06.

JOYY (NASDAQ:YY) last posted its earnings results on Sunday, November 15th. The information services provider reported $8.89 EPS for the quarter, topping analysts’ consensus estimates of $1.02 by $7.87. JOYY had a net margin of 27.75% and a return on equity of 5.46%. As a group, equities analysts predict that JOYY will post 3.15 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in shares of JOYY during the 3rd quarter worth approximately $32,000. Platinum Investment Management Ltd. acquired a new stake in shares of JOYY during the 3rd quarter worth approximately $35,000. American International Group Inc. grew its position in shares of JOYY by 20.4% during the 3rd quarter. American International Group Inc. now owns 750 shares of the information services provider’s stock worth $61,000 after buying an additional 127 shares during the period. Signaturefd LLC grew its position in shares of JOYY by 102.5% during the 3rd quarter. Signaturefd LLC now owns 1,059 shares of the information services provider’s stock worth $85,000 after buying an additional 536 shares during the period. Finally, GWM Advisors LLC grew its position in shares of JOYY by 8.0% during the 3rd quarter. GWM Advisors LLC now owns 2,735 shares of the information services provider’s stock worth $221,000 after buying an additional 203 shares during the period. 53.90% of the stock is owned by institutional investors and hedge funds.

About JOYY

JOYY Inc, through its subsidiaries, operates a social media platform in the People's Republic of China and internationally. The company operates live streaming platforms, including YY Live, an interactive and comprehensive live streaming social media platform offering music and dance shows, talk shows, outdoor activities, and sports and anime; Bigo Live, which enables users to live stream their specific moments and talk live with each other; and Huya, a game live streaming platform.

Read More: Stochastic Momentum Index (SMI)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for JOYY (NASDAQ:YY)

Receive News & Ratings for JOYY Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JOYY and related companies with MarketBeat.com's FREE daily email newsletter.