Sogou (NYSE:SOGO) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.
According to Zacks, “Sogou Inc. operates as an online search engine. The Company develops Internet applications such as map, voice search and smart phone assistant as well as web directory and browser. Sogou Inc. is based in China. “
Several other brokerages also recently issued reports on SOGO. JPMorgan Chase & Co. began coverage on Sogou in a research report on Thursday, December 7th. They issued an “overweight” rating and a $17.00 price objective for the company. Credit Suisse Group began coverage on Sogou in a research report on Monday, December 4th. They issued an “outperform” rating and a $16.30 price objective for the company.
Sogou (NYSE:SOGO) last issued its quarterly earnings data on Monday, January 29th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.06. The business had revenue of $277.79 million during the quarter, compared to the consensus estimate of $267.56 million. equities analysts expect that Sogou will post 0.37 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Sogou during the fourth quarter worth $29,425,000. UBS Asset Management Americas Inc. bought a new stake in shares of Sogou during the fourth quarter worth $29,190,000. TB Alternative Assets Ltd. bought a new stake in shares of Sogou during the fourth quarter worth $18,038,000. Wells Fargo & Company MN bought a new stake in shares of Sogou during the fourth quarter worth $14,439,000. Finally, Barings LLC bought a new stake in shares of Sogou during the fourth quarter worth $12,325,000. Institutional investors own 8.11% of the company’s stock.
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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