Sohu.com Inc. (SOHU) Shares Down 2.8%
Shares of Sohu.com Inc. (NASDAQ:SOHU) were down 2.8% during mid-day trading on Thursday . The company traded as low as $41.27 and last traded at $41.34, with a volume of 152,842 shares traded. The stock had previously closed at $42.54.
A number of analysts have recently issued reports on SOHU shares. Brean Capital reissued a “hold” rating on shares of Sohu.com in a research report on Tuesday, May 31st. Zacks Investment Research raised shares of Sohu.com from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $40.00 price target on shares of Sohu.com in a research report on Wednesday. Finally, TheStreet lowered shares of Sohu.com from a “hold” rating to a “sell” rating in a research report on Tuesday, August 2nd. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $53.83.
The company’s 50-day moving average is $39.16 and its 200 day moving average is $42.61. The company’s market cap is $1.61 billion.
Sohu.com (NASDAQ:SOHU) last posted its earnings results on Monday, August 1st. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.37) by $0.25. The firm earned $420 million during the quarter, compared to the consensus estimate of $439.64 million. During the same period in the prior year, the firm earned ($0.37) EPS. The company’s revenue for the quarter was down 14.9% on a year-over-year basis. Analysts forecast that Sohu.com Inc. will post ($6.60) EPS for the current year.
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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