JPMorgan Chase & Co. downgraded shares of Sogou (NYSE:SOGO) from a neutral rating to an underweight rating in a research report report published on Thursday, June 27th, BenzingaRatingsTable reports. They currently have $4.12 price target on the stock, down from their previous price target of $5.50.
Other analysts have also issued reports about the stock. Bank of America began coverage on shares of 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 shares of Farmers & Merchants Bancorp, Inc. (OH) from a hold rating to a strong sell rating in a research note on Thursday, May 9th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has an average rating of Sell and an average target price of $6.01.
Shares of NYSE:SOGO traded up $0.02 during trading on Thursday, reaching $3.83. 585,666 shares of the company’s stock traded hands, compared to its average volume of 556,308. Sogou has a 12 month low of $3.78 and a 12 month high of $11.66. The company’s 50 day moving average is $4.07. The stock has a market cap of $1.52 billion, a PE ratio of 13.21, a P/E/G ratio of 1.70 and a beta of 1.55.
Several large investors have recently modified their holdings of SOGO. Deutsche Bank AG acquired a new stake in Sogou during the fourth quarter valued at approximately $31,000. Segantii Capital Management Ltd acquired a new stake in Sogou during the first quarter valued at approximately $76,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Sogou during the first quarter valued at approximately $232,000. Krane Funds Advisors LLC lifted its stake in Sogou by 9.6% during the first quarter. Krane Funds Advisors LLC now owns 950,780 shares of the company’s stock valued at $5,648,000 after purchasing an additional 82,965 shares during the last quarter. Finally, H&H International Investment LLC lifted its stake in Sogou by 118.2% during the second quarter. H&H International Investment LLC now owns 240,000 shares of the company’s stock valued at $984,000 after purchasing an additional 130,000 shares during the last quarter. 6.04% of the stock is owned by institutional investors.
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.
See Also: How is a Moving Average Calculated?
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 MarketBeat.com's FREE daily email newsletter.