Brokerages Set Sohu.com Inc (SOHU) PT at $58.00

Shares of Sohu.com Inc (NASDAQ:SOHU) have been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $58.00.

Several research analysts recently weighed in on SOHU shares. Zacks Investment Research lowered Sohu.com from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 31st. Deutsche Bank lowered Sohu.com from a “buy” rating to a “hold” rating and set a $57.00 price objective on the stock. in a research report on Monday, October 30th. TheStreet lowered Sohu.com from a “c-” rating to a “d+” rating in a research report on Friday, December 8th. Finally, ValuEngine raised Sohu.com from a “sell” rating to a “hold” rating in a research report on Friday, September 1st.

Shares of Sohu.com (NASDAQ SOHU) traded down $0.70 on Friday, hitting $43.98. The company had a trading volume of 132,100 shares, compared to its average volume of 377,460. The stock has a market cap of $1,710.00, a price-to-earnings ratio of -5.24 and a beta of 1.26. Sohu.com has a twelve month low of $33.69 and a twelve month high of $70.86.

Sohu.com (NASDAQ:SOHU) last issued its earnings results on Friday, October 27th. The information services provider reported ($2.38) earnings per share for the quarter, missing the consensus estimate of ($1.24) by ($1.14). The firm had revenue of $516.10 million during the quarter, compared to analysts’ expectations of $493.47 million. Sohu.com had a negative return on equity of 21.72% and a negative net margin of 18.51%. The company’s quarterly revenue was up 25.7% compared to the same quarter last year. During the same period last year, the business posted ($1.68) earnings per share. equities research analysts expect that Sohu.com will post -7.92 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP grew its position in Sohu.com by 211.1% during the third quarter. GSA Capital Partners LLP now owns 56,313 shares of the information services provider’s stock valued at $3,066,000 after buying an additional 38,210 shares during the period. Algert Global LLC raised its stake in shares of Sohu.com by 26.6% during the 3rd quarter. Algert Global LLC now owns 20,170 shares of the information services provider’s stock worth $1,098,000 after buying an additional 4,237 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of Sohu.com during the 3rd quarter worth approximately $736,000. Boothbay Fund Management LLC purchased a new position in shares of Sohu.com during the 3rd quarter worth approximately $316,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Sohu.com by 2.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 380,206 shares of the information services provider’s stock worth $20,696,000 after buying an additional 7,592 shares in the last quarter. 63.21% of the stock is currently owned by institutional investors.

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About Sohu.com

Sohu.com Inc (Sohu) is an online media, search and game service company, which is engaged in 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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