Jefferies Financial Group initiated coverage on shares of Sogou (NYSE:SOGO) in a research report released on Monday morning, BenzingaRatingsTable reports. The firm issued a hold rating and a $3.90 target price on the stock.
SOGO has been the subject of a number of other reports. JPMorgan Chase & Co. lowered shares of Sogou from a neutral rating to an underweight rating and cut their target price for the company from $5.50 to $4.12 in a report on Thursday, June 27th. Credit Suisse Group reissued a neutral rating on shares of Sogou in a report on Wednesday, July 17th. Finally, Zacks Investment Research lowered shares of Sogou from a hold rating to a sell rating in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $5.15.
Sogou stock opened at $3.41 on Monday. The company has a market capitalization of $1.53 billion, a PE ratio of 11.76, a P/E/G ratio of 1.72 and a beta of 1.54. Sogou has a 1 year low of $3.25 and a 1 year high of $9.49. The firm’s 50 day moving average is $3.99.
A number of hedge funds and other institutional investors have recently bought and sold shares of SOGO. Deutsche Bank AG purchased a new position in Sogou during the fourth quarter worth $31,000. Aperio Group LLC purchased a new position in Sogou during the second quarter worth $56,000. Fisher Asset Management LLC purchased a new position in Sogou during the second quarter worth $61,000. Amundi Pioneer Asset Management Inc. purchased a new position in Sogou during the first quarter worth $232,000. Finally, H&H International Investment LLC boosted 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 worth $984,000 after buying an additional 130,000 shares during the period. 6.05% 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.
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