JPMorgan Chase Lowers Sogou (SOGO) Price Target to $14.00
Sogou (NYSE:SOGO) had its price target lowered by investment analysts at JPMorgan Chase from $15.00 to $14.00 in a report issued on Thursday. The firm presently has an “overweight” rating on the stock. JPMorgan Chase’s price objective points to a potential upside of 58.91% from the company’s previous close.
A number of other equities research analysts also recently commented on SOGO. Zacks Investment Research downgraded Sogou from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Deutsche Bank started coverage on Sogou in a report on Thursday, March 15th. They issued a “hold” rating and a $8.00 price objective for the company. Finally, ValuEngine upgraded Sogou from a “hold” rating to a “buy” rating in a report on Monday, April 23rd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $12.08.
SOGO stock opened at $8.81 on Thursday. Sogou has a twelve month low of $7.91 and a twelve month high of $14.70.
Hedge funds have recently bought and sold shares of the company. CI Investments Inc. acquired a new position in shares of Sogou during the fourth quarter worth about $3,471,000. Ariose Capital Management Ltd acquired a new position in shares of Sogou during the fourth quarter worth about $2,152,000. FNY Managed Accounts LLC acquired a new position in shares of Sogou during the fourth quarter worth about $363,000. TB Alternative Assets Ltd. acquired a new position in shares of Sogou during the fourth quarter worth about $18,038,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Sogou during the fourth quarter worth about $650,000. 8.02% of the stock is owned by institutional investors.
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.
Receive News & Ratings for Sogou Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sogou and related companies with MarketBeat.com's FREE daily email newsletter.