iQIYI, Inc. (NASDAQ:IQ) Sees Average Price Target of $3.15 from Analysts

iQIYI, Inc. (NASDAQ:IQ) has received an average recommendation of “Reduce” from five brokerages that are currently covering the stock, according to MarketBeat Ratings. Among these analysts, one has assigned a sell rating while four others have issued hold ratings. The consensus 1-year price target for the stock is $3.15.

Recent equity research reports have highlighted significant insights on iQIYI's stock. For instance, Nomura Securities upgraded iQIYI’s rating to “hold” on August 26. Additionally, Benchmark reaffirmed a “hold” rating for the company on November 22. In the same week, JPMorgan Chase & Co. reduced their target price for iQIYI from $2.50 to $1.80 and labeled the stock as “neutral.” Similarly, The Goldman Sachs Group adjusted its stance, lowering the rating from “buy” to “neutral” while setting a price target of $2.80.

Stock Performance Overview

As of Friday, shares of iQIYI were trading at $2.09. The stock has a 50-day simple moving average of $2.30 and a 200-day simple moving average of $2.81. Over the past year, iQIYI's stock has witnessed a low of $1.89 and a high of $5.80. The company has a market capitalization of approximately $2.01 billion, a price-to-earnings (PE) ratio of 10.45, and a price-to-earnings-growth (PEG) ratio of 0.60. The debt-to-equity ratio stands at 0.65, with both the quick and current ratios at 0.45.

Institutional Investments in iQIYI

Institutional investors and hedge funds have been actively managing their stakes in iQIYI. Notable activities include Skandinaviska Enskilda Banken AB acquiring a new position worth around $31,000 in the second quarter. Ground Swell Capital LLC also bought $32,000 worth of shares in the third quarter. Other significant investments include Seven Eight Capital LP and Vanguard Personalized Indexing Management LLC, which invested approximately $42,000 and $46,000 respectively in the second quarter. Overall, institutional ownership accounts for 52.69% of iQIYI’s shares.

About iQIYI, Inc.

iQIYI, Inc., along with its subsidiaries, provides a range of online entertainment video services in the People's Republic of China. The company offers various products, such as online video content, online games, online literature, and animations. It runs a platform that aggregates internet video content, which includes both professionally produced content and original content created by the company.

iQIYI, Analysts, Stock