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.
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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