Sogou Inc (NYSE:SOGO) Receives $4.87 Consensus Target Price from Brokerages

Sogou Inc (NYSE:SOGO) has earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat reports. Four analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $4.70.

Several equities analysts have commented on the stock. Credit Suisse Group set a $4.00 price objective on shares of Sogou and gave the company a “hold” rating in a report on Wednesday. Jefferies Financial Group assumed coverage on shares of Sogou in a report on Monday, August 5th. They issued a “hold” rating and a $3.90 price objective on the stock. JPMorgan Chase & Co. downgraded shares of Sogou from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $5.50 to $4.12 in a report on Thursday, June 27th. Finally, Zacks Investment Research downgraded shares of Sogou from a “hold” rating to a “sell” rating in a report on Tuesday, August 6th.

Several large investors have recently added to or reduced their stakes in SOGO. Deutsche Bank AG bought a new stake in shares of Sogou in the fourth quarter valued at about $31,000. Aperio Group LLC bought a new stake in Sogou during the second quarter worth about $56,000. Fisher Asset Management LLC bought a new stake in Sogou during the second quarter worth about $61,000. Amundi Pioneer Asset Management Inc. bought a new stake in Sogou during the first quarter worth about $232,000. Finally, H&H International Investment LLC lifted its position in Sogou by 118.2% during the second quarter. H&H International Investment LLC now owns 240,000 shares of the company’s stock worth $984,000 after purchasing an additional 130,000 shares during the period. Hedge funds and other institutional investors own 6.05% of the company’s stock.

SOGO traded up $0.03 during trading on Tuesday, reaching $4.03. 613,706 shares of the stock were exchanged, compared to its average volume of 785,487. The company has a market cap of $1.59 billion, a PE ratio of 13.90, a P/E/G ratio of 0.94 and a beta of 1.54. Sogou has a twelve month low of $3.25 and a twelve month high of $9.29. The business’s 50 day moving average price is $3.97.

Sogou (NYSE:SOGO) last issued its earnings results on Monday, August 5th. The company reported $0.07 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.06 by $0.01. The business had revenue of $303.62 million for the quarter, compared to the consensus estimate of $304.00 million. Sogou had a net margin of 5.99% and a return on equity of 7.98%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $0.09 earnings per share. As a group, equities research analysts predict that Sogou will post 0.21 EPS for the current fiscal year.

About Sogou

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.

Recommended Story: P/E Growth (PEG)

Analyst Recommendations for Sogou (NYSE:SOGO)

Receive News & Ratings for Sogou Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sogou and related companies with's FREE daily email newsletter.