Sogou (NYSE:SOGO) was downgraded by stock analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, The Fly reports.

SOGO has been the topic of a number of other reports. ValuEngine downgraded shares of Sogou from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Credit Suisse Group cut shares of Sogou from an “outperform” rating to a “neutral” rating in a research report on Monday, November 5th. Finally, Zacks Investment Research upgraded shares of Sogou from a “hold” rating to a “buy” rating and set a $6.25 target price for the company in a research report on Wednesday, January 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $9.48.

Shares of SOGO stock traded down $0.14 during trading hours on Monday, hitting $5.93. The company’s stock had a trading volume of 471,620 shares, compared to its average volume of 903,280. Sogou has a 12-month low of $4.80 and a 12-month high of $15.50. The company has a market capitalization of $2.41 billion, a P/E ratio of 20.46 and a beta of 1.52.

Sogou (NYSE:SOGO) last announced its quarterly earnings results on Friday, February 1st. The company reported $0.07 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.07. Sogou had a net margin of 8.79% and a return on equity of 11.63%. The firm had revenue of $297.80 million for the quarter, compared to the consensus estimate of $298.96 million. Sogou’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts forecast that Sogou will post 0.28 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc boosted its stake in Sogou by 1,047.5% during the third quarter. Vanguard Group Inc now owns 1,435,333 shares of the company’s stock worth $10,665,000 after buying an additional 1,310,248 shares during the period. Vanguard Group Inc. boosted its stake in shares of Sogou by 1,047.5% in the third quarter. Vanguard Group Inc. now owns 1,435,333 shares of the company’s stock valued at $10,665,000 after purchasing an additional 1,310,248 shares during the period. SG Americas Securities LLC boosted its stake in shares of Sogou by 280.3% in the fourth quarter. SG Americas Securities LLC now owns 584,463 shares of the company’s stock valued at $3,068,000 after purchasing an additional 430,767 shares during the period. BlackRock Inc. boosted its stake in shares of Sogou by 684.9% in the second quarter. BlackRock Inc. now owns 430,492 shares of the company’s stock valued at $4,921,000 after purchasing an additional 375,646 shares during the period. Finally, Credit Suisse AG purchased a new position in shares of Sogou in the third quarter valued at approximately $1,858,000. Hedge funds and other institutional investors own 7.37% of the company’s stock.

Sogou Company Profile

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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