Zacks: Analysts Set $15.00 Target Price for Sogou (SOGO)

Shares of Sogou (NYSE:SOGO) have been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Analysts have set a one year consensus price target of $15.00 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Sogou an industry rank of 122 out of 265 based on the ratings given to related companies.

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A number of equities research analysts have issued reports on the company. Zacks Investment Research cut Sogou from a “buy” rating to a “hold” rating in a research report on Saturday, March 24th. Deutsche Bank assumed coverage on Sogou in a research report on Thursday, March 15th. They set a “hold” rating and a $8.00 target price for the company.

NYSE:SOGO opened at $8.57 on Tuesday. Sogou has a 52 week low of $7.91 and a 52 week high of $14.70. The company has a market capitalization of $3,483.14 and a P/E ratio of 29.55.

Sogou (NYSE:SOGO) last announced its earnings results on Monday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. The company had revenue of $277.79 million for the quarter, compared to the consensus estimate of $267.56 million. analysts expect that Sogou will post 0.37 EPS for the current fiscal year.

Institutional investors have recently made changes to their positions in the business. CI Investments Inc. bought a new stake in Sogou during the fourth quarter worth approximately $3,471,000. Ariose Capital Management Ltd bought a new stake in Sogou during the fourth quarter worth approximately $2,152,000. FNY Managed Accounts LLC bought a new stake in Sogou during the fourth quarter worth approximately $363,000. TB Alternative Assets Ltd. bought a new stake in Sogou during the fourth quarter worth approximately $18,038,000. Finally, Quantitative Systematic Strategies LLC bought a new stake in Sogou during the fourth quarter worth approximately $650,000. 7.99% of the stock is owned by hedge funds and other institutional investors.

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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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