Sogou (NYSE:SOGO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Sogou Inc. operates as an online search engine. The Company develops Internet applications such as map, voice search and smart phone assistant as well as web directory and browser. Sogou Inc. is based in China. “
A number of other equities research analysts have also issued reports on the company. JPMorgan Chase & Co. began coverage on Sogou in a research report on Thursday, December 7th. They issued an “overweight” rating and a $17.00 price target on the stock. Credit Suisse Group began coverage on Sogou in a research report on Monday, December 4th. They issued an “outperform” rating and a $16.30 price target on the stock.
Sogou (NYSE:SOGO) last posted its earnings results on Monday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The firm had revenue of $277.79 million for the quarter, compared to analyst estimates of $267.56 million. equities research analysts anticipate that Sogou will post 0.37 EPS for the current year.
A number of hedge funds have recently bought and sold shares of SOGO. Raymond James & Associates acquired a new stake in Sogou in the 4th quarter valued at about $179,000. Virtu Financial LLC acquired a new stake in Sogou in the 4th quarter valued at about $223,000. Two Sigma Investments LP acquired a new stake in Sogou in the 4th quarter valued at about $296,000. FNY Managed Accounts LLC acquired a new stake in Sogou in the 4th quarter valued at about $363,000. Finally, Deutsche Bank AG acquired a new stake in Sogou in the 4th quarter valued at about $443,000. 8.11% of the stock is currently owned by institutional investors.
Sogou Company Profile
Sogou Inc is a search and Internet company. The Company’s Sogou Search is a search engine in China. Its cross-language search service enables users to discover English content on the Internet by querying in Chinese and reading content that it has translated into Chinese. The Company’s products and services include Sogu Search, Sogou Input Method and other products.
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