Sogou (SOGO) Downgraded by Zacks Investment Research

Sogou (NYSE:SOGO) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, February 7th.

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. “

A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. started coverage on Sogou in a research note on Thursday, December 7th. They set an “overweight” rating and a $17.00 price target on the stock. Credit Suisse Group assumed coverage on Sogou in a research report on Monday, December 4th. They issued an “outperform” rating and a $16.30 target price on the stock.

Shares of Sogou (NYSE SOGO) opened at $9.26 on Wednesday. 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 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. The firm had revenue of $277.79 million during the quarter, compared to the consensus estimate of $267.56 million. equities research analysts predict that Sogou will post 0.29 EPS for the current year.

Large investors have recently made changes to their positions in the business. CI Investments Inc. acquired a new position in Sogou in the fourth quarter valued at approximately $3,471,000. FNY Managed Accounts LLC acquired a new position in shares of Sogou during the 4th quarter worth approximately $363,000. TB Alternative Assets Ltd. acquired a new position in shares of Sogou during the 4th quarter worth approximately $18,038,000. Quantitative Systematic Strategies LLC acquired a new position in shares of Sogou during the 4th quarter worth approximately $650,000. Finally, SG Americas Securities LLC acquired a new position in shares of Sogou during the 4th quarter worth approximately $1,351,000. 5.07% of the stock is owned by institutional investors.

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About Sogou

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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