Sohu.com Inc. (NASDAQ:SOHU) Receives $53.76 Consensus Target Price from Analysts
Shares of Sohu.com Inc. (NASDAQ:SOHU) have been given a consensus rating of “Hold” by the eleven analysts that are presently covering the firm. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $52.72.
A number of equities research analysts have issued reports on SOHU shares. Brean Capital reiterated a “hold” rating on shares of Sohu.com in a research note on Tuesday, June 21st. Zacks Investment Research upgraded Sohu.com from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. Citigroup Inc. lowered Sohu.com from a “buy” rating to a “neutral” rating in a research note on Friday, July 22nd. TheStreet lowered Sohu.com from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $40.00 price objective on shares of Sohu.com in a research report on Wednesday, August 31st.
Shares of Sohu.com (NASDAQ:SOHU) opened at 42.94 on Thursday. The stock has a 50 day moving average price of $42.66 and a 200-day moving average price of $41.99. Sohu.com has a 1-year low of $35.65 and a 1-year high of $59.50. The company’s market cap is $1.66 billion.
Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings results on Monday, August 1st. The company reported ($1.62) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.37) by $0.25. Sohu.com had a negative return on equity of 3.65% and a negative net margin of 3.45%. The business earned $420 million during the quarter, compared to analysts’ expectations of $439.64 million. During the same quarter in the previous year, the company posted ($0.37) EPS. The company’s quarterly revenue was down 14.9% on a year-over-year basis. Equities research analysts forecast that Sohu.com will post ($6.60) earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Fox Run Management L.L.C. bought a new position in Sohu.com during the second quarter valued at approximately $250,000. Squarepoint Ops LLC bought a new position in Sohu.com during the first quarter valued at approximately $1,045,000. Orbis Allan Gray Ltd bought a new position in Sohu.com during the first quarter valued at approximately $314,573,000. Invictus RG raised its position in Sohu.com by 78.6% in the first quarter. Invictus RG now owns 7,318 shares of the company’s stock valued at $363,000 after buying an additional 3,220 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in Sohu.com by 18.2% in the first quarter. Renaissance Technologies LLC now owns 1,451,600 shares of the company’s stock valued at $71,912,000 after buying an additional 224,000 shares in the last quarter. Institutional investors own 64.65% of the company’s stock.
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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