Sogou (SOGO) Shares Gap Up to $7.53

Sogou Inc (NYSE:SOGO)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $7.26, but opened at $7.53. Sogou shares last traded at $7.72, with a volume of 2433400 shares.

A number of equities analysts have recently commented on SOGO shares. JPMorgan Chase & Co. lowered shares of Sogou from an “overweight” rating to a “neutral” rating in a report on Wednesday, August 1st. Zacks Investment Research lowered shares of Sogou from a “hold” rating to a “sell” rating in a report on Friday, June 8th. Finally, Deutsche Bank lowered shares of Sogou from a “hold” rating to a “sell” rating and set a $8.20 price target on the stock. in a report on Tuesday, July 31st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.13.

The firm has a market capitalization of $2.99 billion and a P/E ratio of 26.03.

Sogou (NYSE:SOGO) last issued its quarterly earnings results on Monday, July 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $301.42 million for the quarter, compared to analyst estimates of $304.46 million. Sogou’s revenue for the quarter was up 42.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 EPS. equities analysts expect that Sogou Inc will post 0.24 earnings per share for the current year.

Several large investors have recently modified their holdings of SOGO. Wells Fargo & Company MN lifted its holdings in shares of Sogou by 13.4% during the first quarter. Wells Fargo & Company MN now owns 1,415,450 shares of the company’s stock worth $11,677,000 after purchasing an additional 167,500 shares during the period. Boston Partners acquired a new position in Sogou in the first quarter valued at $2,292,000. Altrinsic Global Advisors LLC lifted its holdings in Sogou by 29.9% in the first quarter. Altrinsic Global Advisors LLC now owns 75,269 shares of the company’s stock valued at $621,000 after buying an additional 17,317 shares during the period. UBS Group AG lifted its holdings in Sogou by 2,945.9% in the first quarter. UBS Group AG now owns 46,084 shares of the company’s stock valued at $380,000 after buying an additional 44,571 shares during the period. Finally, Indus Capital Partners LLC lifted its holdings in Sogou by 13.7% in the first quarter. Indus Capital Partners LLC now owns 210,304 shares of the company’s stock valued at $1,735,000 after buying an additional 25,295 shares during the period. Institutional investors own 5.55% of the company’s stock.

Sogou Company Profile (NYSE:SOGO)

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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