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.

Sogou (NYSE:SOGO) last released its quarterly earnings data on Wednesday, April 25th. The company reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. The company had revenue of $248.38 million during the quarter, compared to the consensus estimate of $227.42 million. equities analysts anticipate that Sogou will post 0.37 earnings per share for the current fiscal year.

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.

About Sogou

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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