Shares of Sogou Inc (NYSE:SOGO) reached a new 52-week low on Friday . The company traded as low as $5.76 and last traded at $5.82, with a volume of 59167 shares trading hands. The stock had previously closed at $6.07.
A number of analysts have recently weighed in on SOGO shares. Zacks Investment Research lowered Sogou from a “hold” rating to a “sell” rating in a research note on Friday, August 3rd. Deutsche Bank lowered Sogou from a “hold” rating to a “sell” rating and set a $8.20 price objective for the company. in a research note on Tuesday, July 31st. Finally, JPMorgan Chase & Co. lowered Sogou from an “overweight” rating to a “neutral” rating in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Sogou has an average rating of “Hold” and an average target price of $12.13.
The company has a market capitalization of $2.52 billion and a P/E ratio of 21.00.
Sogou (NYSE:SOGO) last announced its quarterly earnings results on Monday, July 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $301.42 million during the quarter, compared to analysts’ expectations of $304.46 million. During the same period in the previous year, the business earned $0.06 EPS. The business’s revenue was up 42.9% compared to the same quarter last year. Research analysts predict that Sogou Inc will post 0.23 EPS for the current year.
Hedge funds have recently made changes to their positions in the stock. Guggenheim Capital LLC purchased a new stake in Sogou in the first quarter worth $189,000. Marshall Wace LLP purchased a new position in Sogou during the second quarter valued at $285,000. Raymond James & Associates lifted its position in Sogou by 36.3% during the second quarter. Raymond James & Associates now owns 29,300 shares of the company’s stock valued at $335,000 after buying an additional 7,800 shares during the period. NumerixS Investment Technologies Inc lifted its position in Sogou by 93.4% during the second quarter. NumerixS Investment Technologies Inc now owns 44,300 shares of the company’s stock valued at $503,000 after buying an additional 21,400 shares during the period. Finally, UBS Group AG lifted its position in Sogou by 2,945.9% during the first quarter. UBS Group AG now owns 46,084 shares of the company’s stock valued at $380,000 after buying an additional 44,571 shares during the period. 5.55% of the stock is owned by institutional investors.
Sogou Company Profile (NYSE:SOGO)
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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