Sogou (SOGO) Lowered to Neutral at Goldman Sachs Group

Sogou (NYSE:SOGO) was downgraded by equities researchers at Goldman Sachs Group from a “buy” rating to a “neutral” rating in a note issued to investors on Tuesday, The Fly reports.

Several other research firms have also recently commented on SOGO. Zacks Investment Research raised shares of Sogou from a “sell” rating to a “hold” rating in a research report on Wednesday, November 7th. Deutsche Bank cut shares of Sogou from a “hold” rating to a “sell” rating in a research report on Monday. ValuEngine cut shares of Sogou from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Credit Suisse Group cut shares of Sogou from an “outperform” rating to a “neutral” rating in a research report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.48.

Shares of NYSE SOGO opened at $5.92 on Tuesday. Sogou has a fifty-two week low of $4.80 and a fifty-two week high of $15.50. The stock has a market capitalization of $2.41 billion, a P/E ratio of 20.41 and a beta of 1.52.

Sogou (NYSE:SOGO) last announced its quarterly earnings results on Friday, February 1st. The company reported $0.07 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.07. Sogou had a net margin of 8.79% and a return on equity of 11.63%. The business had revenue of $297.80 million for the quarter, compared to analysts’ expectations of $298.96 million. The company’s revenue was up 7.7% on a year-over-year basis. On average, equities analysts expect that Sogou will post 0.28 earnings per share for the current year.

Several large investors have recently bought and sold shares of the stock. Boston Partners bought a new stake in shares of Sogou in the 4th quarter worth approximately $1,198,000. Penserra Capital Management LLC raised its holdings in shares of Sogou by 8.4% in the 4th quarter. Penserra Capital Management LLC now owns 174,330 shares of the company’s stock worth $915,000 after purchasing an additional 13,510 shares during the period. SG Americas Securities LLC raised its holdings in shares of Sogou by 280.3% in the 4th quarter. SG Americas Securities LLC now owns 584,463 shares of the company’s stock worth $3,068,000 after purchasing an additional 430,767 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Sogou by 30.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,540 shares of the company’s stock valued at $171,000 after buying an additional 7,500 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in Sogou by 898.0% in the 4th quarter. Bank of Montreal Can now owns 247,195 shares of the company’s stock valued at $1,298,000 after buying an additional 222,426 shares in the last quarter. 7.37% of the stock is currently owned by institutional investors.

Sogou Company Profile

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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