Sogou Inc (SOGO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Sogou Inc (NYSE:SOGO) have received a consensus rating of “Hold” from the six research firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.25.

SOGO has been the subject of several recent analyst reports. ValuEngine cut Sogou from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Credit Suisse Group cut Sogou from an “outperform” rating to a “neutral” rating in a report on Monday, November 5th. Deutsche Bank upgraded Sogou from a “sell” rating to a “hold” rating in a report on Monday, November 5th. Zacks Investment Research upgraded Sogou from a “sell” rating to a “hold” rating in a report on Wednesday, November 7th. Finally, Goldman Sachs Group cut Sogou from a “buy” rating to a “neutral” rating in a report on Tuesday.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Macquarie Group Ltd. grew its holdings in Sogou by 13.0% in the 3rd quarter. Macquarie Group Ltd. now owns 1,500,000 shares of the company’s stock valued at $11,145,000 after buying an additional 172,500 shares during the period. Vanguard Group Inc grew its holdings in shares of Sogou by 1,047.5% during the 3rd quarter. Vanguard Group Inc now owns 1,435,333 shares of the company’s stock worth $10,665,000 after purchasing an additional 1,310,248 shares during the period. Vanguard Group Inc. grew its holdings in shares of Sogou by 1,047.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,435,333 shares of the company’s stock worth $10,665,000 after purchasing an additional 1,310,248 shares during the period. TB Alternative Assets Ltd. grew its holdings in shares of Sogou by 18.6% during the 3rd quarter. TB Alternative Assets Ltd. now owns 1,312,944 shares of the company’s stock worth $9,755,000 after purchasing an additional 205,479 shares during the period. Finally, Krane Funds Advisors LLC grew its holdings in shares of Sogou by 26.7% during the 3rd quarter. Krane Funds Advisors LLC now owns 981,831 shares of the company’s stock worth $7,295,000 after purchasing an additional 206,937 shares during the period. Institutional investors own 7.37% of the company’s stock.

Shares of SOGO stock opened at $5.92 on Tuesday. Sogou has a twelve month low of $4.80 and a twelve month high of $15.50. The stock has a market capitalization of $2.35 billion, a P/E ratio of 20.41 and a beta of 1.52.

Sogou (NYSE:SOGO) last announced its earnings results on Friday, February 1st. The company reported $0.07 earnings per share for the quarter, meeting the consensus estimate of $0.07. Sogou had a net margin of 8.79% and a return on equity of 11.63%. The firm had revenue of $297.80 million during the quarter, compared to the consensus estimate of $298.96 million. The company’s revenue was up 7.7% compared to the same quarter last year. Equities analysts expect that Sogou will post 0.28 earnings per share for the current fiscal year.

About Sogou

Sogou Inc provides search and search-related services in the People's Republic of China. The company provides Sogou Search, a search engine; and Sogou Input Method, a Chinese language input software for mobile and PC MAUs. It also offers search and search-related advertising services; Internet value-added services related to the operation of Web games and mobile games developed by third parties; and online reading services, as well as other products and services, including smart hardware products.

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