Sohu.com Inc. (SOHU) Trading Up 3.2%
Shares of Sohu.com Inc. (NASDAQ:SOHU) were up 3.2% during trading on Friday . The stock traded as high as $40.51 and last traded at $40.46, with a volume of 234,848 shares trading hands. The stock had previously closed at $39.19.
Several analysts have recently commented on SOHU shares. Zacks Investment Research raised Sohu.com from a “sell” rating to a “hold” rating in a report on Thursday, May 26th. Credit Suisse Group AG reissued a “hold” rating on shares of Sohu.com in a report on Sunday, May 1st. Brean Capital reissued a “hold” rating on shares of Sohu.com in a report on Wednesday, July 6th. Finally, TheStreet cut Sohu.com from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $55.50.
The firm has a 50-day moving average price of $38.77 and a 200-day moving average price of $42.65. The company’s market capitalization is $1.56 billion.
Sohu.com (NASDAQ:SOHU) last posted its earnings results on Monday, August 1st. The company reported ($1.62) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.37) by $0.25. During the same period in the previous year, the business earned ($0.37) earnings per share. The firm earned $420 million during the quarter, compared to the consensus estimate of $439.64 million. The company’s revenue was down 14.9% on a year-over-year basis. Equities analysts anticipate that Sohu.com Inc. will post ($6.53) EPS for the current year.
A hedge fund recently bought a new stake in Sohu.com stock. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Sohu.com Inc. (NASDAQ:SOHU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 23,900 shares of the company’s stock, valued at approximately $1,367,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.06% of Sohu.com as of its most recent SEC filing.
Sohu.com Inc (Sohu) is an online media, search and game service company providing online products and services on personal computers (PCs) and mobile devices in the People’s Republic of China (the PRC). The Company operates through three segments: the Sohu segment; the Sogou segment, and the Changyou segment.
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