Sogou (NYSE:SOGO) was downgraded by equities researchers at Jefferies Financial Group from a "buy" rating to a "hold" rating in a research note issued on Monday, The Fly reports.
SOGO has been the topic of several other reports. Zacks Investment Research raised shares of Sogou from a "sell" rating to a "hold" rating in a research note on Tuesday, July 21st. TheStreet raised shares of Sogou from a "d" rating to a "c" rating in a research report on Monday, July 27th. Finally, Goldman Sachs Group raised shares of Sogou from a "neutral" rating to a "buy" rating in a research report on Thursday, April 30th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of "Hold" and an average price target of $4.50.
The stock has a market capitalization of $3.37 billion, a P/E ratio of 47.83, a PEG ratio of 23.79 and a beta of 1.60. Sogou has a one year low of $2.95 and a one year high of $8.70. The business's 50 day simple moving average is $5.52 and its 200 day simple moving average is $4.20.
Sogou (NYSE:SOGO) last posted its quarterly earnings results on Monday, May 18th. The company reported ($0.08) EPS for the quarter, hitting the consensus estimate of ($0.08). The firm had revenue of $257.28 million for the quarter. Sogou had a net margin of 5.21% and a return on equity of 6.98%. Analysts expect that Sogou will post 0.05 earnings per share for the current fiscal year.
A number of institutional investors have recently added to or reduced their stakes in SOGO. Envestnet Asset Management Inc. bought a new position in Sogou in the 2nd quarter worth approximately $48,000. Tower Research Capital LLC TRC lifted its position in Sogou by 173.4% in the first quarter. Tower Research Capital LLC TRC now owns 11,585 shares of the company's stock worth $39,000 after buying an additional 7,348 shares during the last quarter. Vident Investment Advisory LLC bought a new stake in Sogou in the first quarter worth $63,000. Balyasny Asset Management LLC bought a new stake in Sogou in the first quarter worth $64,000. Finally, BlackRock Inc. bought a new stake in Sogou in the first quarter worth $113,000. 4.97% of the stock is owned by institutional investors.
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 PC and mobile users. 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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