Sohu.com Rating Reiterated by Zacks (SOHU)
Sohu.com (NASDAQ:SOHU)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Thursday. They currently have a $61.00 target price on the stock. Zacks‘s target price would indicate a potential upside of 3.55% from the stock’s previous close.
Sohu.com (NASDAQ:SOHU) traded up 1.17% on Thursday, hitting $58.91. The stock had a trading volume of 412,514 shares. Sohu.com has a 52 week low of $52.69 and a 52 week high of $87.68. The stock’s 50-day moving average is $57.0 and its 200-day moving average is $67.16. The company’s market cap is $2.266 billion. Sohu.com also was the recipient of a significant decrease in short interest in May. As of May 30th, there was short interest totalling 1,039,029 shares, a decrease of 26.4% from the May 15th total of 1,411,385 shares. Based on an average daily trading volume, of 341,215 shares, the days-to-cover ratio is presently 3.0 days. Currently, 3.4% of the company’s stock are sold short.
Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings results on Monday, April 28th. The company reported ($1.26) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($1.23) by $0.03. The company had revenue of $365.00 million for the quarter, compared to the consensus estimate of $365.92 million. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts expect that Sohu.com will post $-4.64 EPS for the current fiscal year.
Separately, analysts at HSBC upgraded shares of Sohu.com from a “neutral” rating to an “overweight” rating in a research note on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $66.93.
Sohu.com Inc (NASDAQ:SOHU) is a Chinese online media, search, gaming, community and mobile service group.
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