Sohu.com (NASDAQ:SOHU) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• Sohu.com shares moved above their 200-day moving average of $14.58, reaching $14.59 before last trading at $14.35 on volume of 58,382 shares.
• Analyst sentiment is moderately bullish: two analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $19.00.
• Sohu reported quarterly EPS of $0.02 on $135.54 million in revenue, with a 38.15% net margin; institutional investors own approximately 33.02% of the company.

Sohu.com Inc. (NASDAQ:SOHU - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $14.58 and traded as high as $14.59. Sohu.com shares last traded at $14.35, with a volume of 58,382 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SOHU shares. Jefferies Financial Group reissued a "buy" rating and set a $19.00 price objective on shares of Sohu.com in a research report on Monday, August 10th. Weiss Ratings lowered shares of Sohu.com from a "hold (c)" rating to a "hold (c-)" rating in a research note on Monday, June 15th. Finally, Wall Street Zen downgraded shares of Sohu.com from a "buy" rating to a "hold" rating in a report on Saturday, May 23rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $19.00.

Sohu.com Stock Performance

The business has a 50 day simple moving average of $13.25 and a 200-day simple moving average of $14.58. The firm has a market cap of $374.09 million, a price-to-earnings ratio of 1.67 and a beta of 0.36.

Sohu.com (NASDAQ:SOHU - Get Free Report) last issued its quarterly earnings data on Tuesday, June 30th. The information services provider reported $0.02 EPS for the quarter. Sohu.com had a return on equity of 21.63% and a net margin of 38.15%.The firm had revenue of $135.54 million during the quarter.

Hedge Funds Weigh In On Sohu.com

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC increased its holdings in Sohu.com by 75.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,993 shares of the information services provider's stock worth $27,000 after buying an additional 860 shares during the last quarter. Headlands Technologies LLC raised its position in Sohu.com by 369.9% in the second quarter. Headlands Technologies LLC now owns 2,016 shares of the information services provider's stock worth $27,000 after acquiring an additional 1,587 shares during the period. State Street Corp boosted its stake in Sohu.com by 5.4% in the fourth quarter. State Street Corp now owns 45,784 shares of the information services provider's stock valued at $716,000 after acquiring an additional 2,339 shares during the last quarter. New York State Common Retirement Fund grew its position in shares of Sohu.com by 180.2% during the 2nd quarter. New York State Common Retirement Fund now owns 4,383 shares of the information services provider's stock valued at $58,000 after acquiring an additional 2,819 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in shares of Sohu.com by 11.1% during the 2nd quarter. Qube Research & Technologies Ltd now owns 36,353 shares of the information services provider's stock valued at $484,000 after acquiring an additional 3,641 shares during the period. 33.02% of the stock is currently owned by institutional investors.

About Sohu.com

Sohu.com Inc NASDAQ: SOHU is a Beijing-based technology and media company that operates one of China's earliest and most comprehensive online portals. Established in 1996 by Charles Zhang, the company provides a diverse array of internet services including news, entertainment, video streaming and UGC (user-generated content) platforms. Over the years, Sohu.com has expanded its content offerings to cover topics such as finance, sports, automotive news and lifestyle, catering primarily to users across Mainland China.

In addition to its content portal, Sohu.com is active in the online advertising market, leveraging its high-traffic websites and mobile apps to deliver targeted ads for brand marketers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source