Sohu.com Inc. (SOHU) Trading 3.2% Higher
Sohu.com Inc. (NASDAQ:SOHU) rose 3.2% on Friday . The stock traded as high as $40.51 and last traded at $40.46, with a volume of 234,848 shares traded. The stock had previously closed at $39.19.
SOHU has been the subject of several research reports. Brean Capital reissued a “hold” rating on shares of Sohu.com in a research note on Wednesday, July 6th. Citigroup Inc. lowered Sohu.com from a “buy” rating to a “neutral” rating in a research note on Friday, July 22nd. Finally, Zacks Investment Research raised Sohu.com from a “sell” rating to a “hold” rating in a research note on Friday, August 19th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Sohu.com has a consensus rating of “Hold” and a consensus target price of $55.50.
The stock’s 50 day moving average price is $38.83 and its 200-day moving average price is $42.63. The firm’s market capitalization is $1.56 billion.
Sohu.com (NASDAQ:SOHU) last posted its quarterly earnings data on Monday, August 1st. The company reported ($1.62) earnings per share for the quarter, missing the consensus estimate of ($1.37) by $0.25. During the same period in the previous year, the business earned ($0.37) EPS. The company had revenue of $420 million for the quarter, compared to analysts’ expectations of $439.64 million. Sohu.com’s revenue was down 14.9% compared to the same quarter last year. Equities research analysts expect that Sohu.com Inc. will post ($6.53) EPS for the current fiscal year.
An institutional investor recently bought a new position in Sohu.com stock. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Sohu.com Inc. (NASDAQ:SOHU) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor acquired 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 filing with the SEC.
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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