Sogou (SOGO) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Sogou (NYSE:SOGO) from a hold rating to a buy rating in a research report report published on Friday morning. Zacks Investment Research currently has $10.00 price target on the stock.

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. “

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SOGO has been the topic of several other research reports. Deutsche Bank assumed coverage on shares of Sogou in a research report on Thursday, March 15th. They set a hold rating and a $8.00 price target on the stock. Credit Suisse Group assumed coverage on shares of Sogou in a research report on Monday, December 4th. They set an outperform rating and a $16.30 price target on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Sogou in a research report on Thursday, December 7th. They set an overweight rating and a $17.00 price target on the stock.

Shares of Sogou (NYSE SOGO) opened at $8.41 on Friday. Sogou has a 52 week low of $8.08 and a 52 week high of $14.70.

Sogou (NYSE:SOGO) last announced its earnings results on Monday, January 29th. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.06. The business had revenue of $277.79 million for the quarter, compared to analyst estimates of $267.56 million. analysts forecast that Sogou will post 0.37 EPS for the current year.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Sogou during the fourth quarter worth about $29,425,000. UBS Asset Management Americas Inc. bought a new position in shares of Sogou during the fourth quarter worth about $29,190,000. TB Alternative Assets Ltd. bought a new position in shares of Sogou during the fourth quarter worth about $18,038,000. Wells Fargo & Company MN bought a new position in shares of Sogou during the fourth quarter worth about $14,439,000. Finally, Barings LLC bought a new position in shares of Sogou during the fourth quarter worth about $12,325,000. 7.99% of the stock is currently owned by institutional investors and hedge funds.

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Sogou Company Profile

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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