Sogou (SOGO) Sets New 52-Week High and Low at $8.07

Shares of Sogou Inc (NYSE:SOGO) reached a new 52-week high and low during trading on Monday . The company traded as low as $8.07 and last traded at $8.03, with a volume of 856724 shares changing hands. The stock had previously closed at $8.25.

A number of research firms have commented on SOGO. Credit Suisse Group began coverage on shares of Sogou in a research note on Monday, December 4th. They set an “outperform” rating and a $16.30 price objective for the company. Zacks Investment Research raised shares of Sogou from a “sell” rating to a “hold” rating and set a $11.00 price target for the company in a research report on Wednesday, March 14th. JPMorgan Chase began coverage on shares of Sogou in a research report on Thursday, December 7th. They issued an “overweight” rating and a $17.00 price target for the company. Finally, Deutsche Bank began coverage on shares of Sogou in a research report on Thursday, March 15th. They issued a “hold” rating and a $8.00 price target for the company.

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The stock has a market capitalization of $3,276.61 and a PE ratio of 27.97.

Sogou (NYSE:SOGO) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $267.56 million. research analysts predict that Sogou Inc will post 0.37 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Sogou in the fourth quarter worth approximately $29,425,000. UBS Asset Management Americas Inc. purchased a new stake in shares of Sogou in the fourth quarter worth approximately $29,190,000. TB Alternative Assets Ltd. purchased a new stake in shares of Sogou in the fourth quarter worth approximately $18,038,000. Wells Fargo & Company MN purchased a new stake in shares of Sogou in the fourth quarter worth approximately $14,439,000. Finally, Barings LLC purchased a new stake in shares of Sogou in the fourth quarter worth approximately $12,325,000. 7.99% of the stock is owned by institutional investors and hedge funds.

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Sogou Company Profile

Sogou Inc is a search and Internet company. The Company’s Sogou Search is a search engine in China. Its cross-language search service enables users to discover English content on the Internet by querying in Chinese and reading content that it has translated into Chinese. The Company’s products and services include Sogu Search, Sogou Input Method and other products.

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