iQIYI (NASDAQ:IQ) Shares Gap Down - What's Next?

iQIYI, Inc. (NASDAQ:IQ - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $2.26, but opened at $2.19. iQIYI shares last traded at $2.11, with a volume of 18,692,724 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on IQ. Hsbc Global Res raised iQIYI from a "moderate sell" rating to a "hold" rating in a report on Thursday, January 16th. Citigroup decreased their price target on iQIYI from $3.00 to $2.80 and set a "buy" rating on the stock in a research report on Thursday, January 16th. HSBC upgraded shares of iQIYI from a "reduce" rating to a "hold" rating and set a $2.15 price objective for the company in a research report on Thursday, January 16th. Benchmark reaffirmed a "hold" rating on shares of iQIYI in a report on Wednesday, February 19th. Finally, OTR Global reissued a "negative" rating on shares of iQIYI in a report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, iQIYI presently has an average rating of "Hold" and an average target price of $2.91.

iQIYI Stock Performance

The company's 50-day moving average is $2.13 and its two-hundred day moving average is $2.32. The company has a market capitalization of $2.09 billion, a P/E ratio of 21.75, a PEG ratio of 4.13 and a beta of 0.03. The company has a quick ratio of 0.45, a current ratio of 0.44 and a debt-to-equity ratio of 0.70.

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iQIYI (NASDAQ:IQ - Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.04) by $0.01. iQIYI had a net margin of 2.62% and a return on equity of 7.62%. The firm had revenue of $919.56 million for the quarter, compared to analyst estimates of $6.62 billion. Equities analysts anticipate that iQIYI, Inc. will post 0.04 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Flow Traders U.S. LLC purchased a new stake in shares of iQIYI in the 3rd quarter valued at $32,000. Ground Swell Capital LLC purchased a new stake in iQIYI during the third quarter valued at about $32,000. SBI Securities Co. Ltd. bought a new position in shares of iQIYI during the fourth quarter valued at about $32,000. Vident Advisory LLC purchased a new position in shares of iQIYI in the fourth quarter worth about $33,000. Finally, PDS Planning Inc purchased a new position in shares of iQIYI in the fourth quarter worth about $35,000. 52.69% of the stock is currently owned by institutional investors.

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.