Sogou Inc (NYSE:SOGO)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $5.68, but opened at $5.81. Sogou shares last traded at $6.62, with a volume of 4102510 shares traded.
Several equities analysts recently issued reports on SOGO shares. ValuEngine lowered Sogou from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Sogou from a “sell” rating to a “hold” rating in a research report on Tuesday, September 11th. JPMorgan Chase & Co. lowered Sogou from an “overweight” rating to a “neutral” rating in a research report on Wednesday, August 1st. Finally, Deutsche Bank lowered Sogou from a “hold” rating to a “sell” rating and set a $8.20 price target on the stock. in a research report on Tuesday, July 31st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Sogou has a consensus rating of “Hold” and a consensus price target of $12.13.
The stock has a market capitalization of $2.18 billion and a PE ratio of 21.81.
Sogou (NYSE:SOGO) last posted its quarterly earnings results on Monday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.01. The company had revenue of $301.42 million for the quarter, compared to the consensus estimate of $304.46 million. During the same quarter in the previous year, the business earned $0.06 earnings per share. Sogou’s revenue was up 42.9% compared to the same quarter last year. On average, equities analysts forecast that Sogou Inc will post 0.23 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Morgan Stanley grew its position in shares of Sogou by 2.9% in the 2nd quarter. Morgan Stanley now owns 4,823,025 shares of the company’s stock worth $55,129,000 after buying an additional 136,003 shares during the last quarter. TB Alternative Assets Ltd. grew its position in shares of Sogou by 18.6% in the 3rd quarter. TB Alternative Assets Ltd. now owns 1,312,944 shares of the company’s stock worth $9,755,000 after buying an additional 205,479 shares during the last quarter. Nomura Holdings Inc. grew its position in shares of Sogou by 949.1% in the 2nd quarter. Nomura Holdings Inc. now owns 1,201,753 shares of the company’s stock worth $13,736,000 after buying an additional 1,087,198 shares during the last quarter. Krane Funds Advisors LLC bought a new stake in shares of Sogou in the 2nd quarter worth approximately $8,857,000. Finally, New Silk Road Investment PTE Ltd. lifted its stake in shares of Sogou by 5.0% in the 3rd quarter. New Silk Road Investment PTE Ltd. now owns 525,000 shares of the company’s stock valued at $3,901,000 after purchasing an additional 25,000 shares during the period. Hedge funds and other institutional investors own 5.61% of the company’s stock.
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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