Credit Suisse Group Reaffirms Neutral Rating for Sogou (NYSE:SOGO)

Credit Suisse Group restated their neutral rating on shares of Sogou (NYSE:SOGO) in a report published on Wednesday, Briefing.com Automated Import reports.

A number of other equities research analysts have also issued reports on SOGO. Bank of America assumed coverage on Sogou in a research note on Monday, April 1st. They issued an underperform rating and a $5.60 price target for the company. Zacks Investment Research lowered EXACT Sciences from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, JPMorgan Chase & Co. lowered Sogou from a neutral rating to an underweight rating and cut their price target for the stock from $5.50 to $4.12 in a research note on Thursday, June 27th. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. The stock currently has an average rating of Sell and an average target price of $6.01.

Shares of SOGO stock opened at $3.83 on Wednesday. Sogou has a 52-week low of $3.78 and a 52-week high of $11.66. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 17.41, a PEG ratio of 1.70 and a beta of 1.55. The business has a fifty day simple moving average of $4.07.

Sogou (NYSE:SOGO) last issued its quarterly earnings results on Monday, April 29th. The company reported ($0.01) earnings per share (EPS) for the quarter. Sogou had a return on equity of 9.17% and a net margin of 7.05%. The business had revenue of $252.72 million during the quarter, compared to analysts’ expectations of $238.90 million. During the same quarter in the previous year, the company posted $0.04 EPS. The company’s quarterly revenue was up 1.7% on a year-over-year basis. On average, equities research analysts expect that Sogou will post 0.21 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SOGO. H&H International Investment LLC raised its holdings in shares of Sogou by 118.2% during the 2nd quarter. H&H International Investment LLC now owns 240,000 shares of the company’s stock worth $984,000 after buying an additional 130,000 shares in the last quarter. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Sogou during the 1st quarter worth $232,000. Krane Funds Advisors LLC raised its holdings in shares of Sogou by 9.6% during the 1st quarter. Krane Funds Advisors LLC now owns 950,780 shares of the company’s stock worth $5,648,000 after buying an additional 82,965 shares in the last quarter. Segantii Capital Management Ltd acquired a new position in shares of Sogou during the 1st quarter worth $76,000. Finally, Deutsche Bank AG acquired a new position in shares of Sogou during the 4th quarter worth $31,000. 6.04% of the stock is owned by institutional investors and hedge funds.

Sogou Company Profile

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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Analyst Recommendations for Sogou (NYSE:SOGO)

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