Sogou (SOGO) Upgraded at Zacks Investment Research

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Zacks Investment Research upgraded shares of Sogou (NYSE:SOGO) from a sell rating to a hold rating in a research report sent to investors 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 research analysts have also recently commented on SOGO. Deutsche Bank cut Sogou from a hold rating to a sell rating and set a $8.20 target price for the company. in a research note on Tuesday, July 31st. JPMorgan Chase & Co. cut Sogou from an overweight rating to a neutral rating in a research note on Wednesday, August 1st. ValuEngine cut Sogou from a buy rating to a hold rating in a research note on Thursday, November 1st. Finally, Credit Suisse Group cut Sogou from an outperform rating to a neutral rating in a research note on Monday, November 5th. Five analysts have rated the stock with a hold rating, The stock currently has an average rating of Hold and an average target price of $12.13.

SOGO traded down $0.36 on Wednesday, hitting $5.75. 1,586,906 shares of the company were exchanged, compared to its average volume of 1,997,991. Sogou has a twelve month low of $5.38 and a twelve month high of $15.50. The stock has a market capitalization of $2.47 billion and a price-to-earnings ratio of 19.83.

Sogou (NYSE:SOGO) last released its earnings results on Monday, November 5th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.06. Sogou had a return on equity of 13.07% and a net margin of 7.96%. The firm had revenue of $276.57 million during the quarter, compared to analysts’ expectations of $281.19 million. Sogou’s revenue was up 7.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Sogou will post 0.28 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of Sogou during the 3rd quarter worth about $186,000. Guggenheim Capital LLC acquired a new position in shares of Sogou during the 1st quarter worth about $189,000. Marshall Wace LLP acquired a new position in shares of Sogou during the 2nd quarter worth about $285,000. Raymond James & Associates boosted its position in shares of Sogou by 36.3% during the 2nd quarter. Raymond James & Associates now owns 29,300 shares of the company’s stock worth $335,000 after acquiring an additional 7,800 shares in the last quarter. Finally, UBS Group AG boosted its position in shares of Sogou by 2,945.9% during the 1st quarter. UBS Group AG now owns 46,084 shares of the company’s stock worth $380,000 after acquiring an additional 44,571 shares in the last quarter. 5.61% of the stock is owned by hedge funds and other 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 mobile and PC MAUs. 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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