Renaissance Technologies LLC recently announced the acquisition of new stake in Sogou Inc. (NYSE:SOGO). The institutional investor has increased its shareholding in the Communication Services company by 4.91% to 2.16 million shares with purchase of 0.1 million shares. This fresh investment now brings its stake to 1.97% valued currently at $9.05 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.19 million to 1.79 million shares. And Krane Funds Advisors LLC has lifted its position by 32.85% or 0.41 million shares – to 1.67 million shares.
With over 1.02 million Sogou Inc. (SOGO) shares trading Thursday and a closing price of $4.81 on the day, the dollar volume was approximately $4.92 million. The shares have shown a negative weekly performance of -13.33% and its price on 07/16/20 lost nearly -3.80%. Currently, there are 382.14M common shares owned by the public and among those 107.96M shares have been available to trade.
Incidentally, analysts’ outlook for the Sogou Inc. stock is 2.70 for the next 12 months.
The top 3 mutual fund holders in Sogou Inc. are UBS (Lux) Equity Fund – China Opp, Delaware Emerging Markets Fund, and EdgePoint Global Growth & Income. UBS (Lux) Equity Fund – China Opp owns 2.94 million shares of the company’s stock, all valued at over $12.29 million. EdgePoint Global Growth & Income sold -0.94 million shares to bring its total holdings to over 1.3 million shares at a value of $5.41 million. EdgePoint Global Growth & Income now owns shares totaling to 1.18% of the shares outstanding.
Shares of Sogou Inc. (NYSE: SOGO) opened at $4.86, down -$0.14 from a prior closing price of $5.00. However, the script later closed the day at $4.81, down -3.80%. The company’s stock has a 5-day price change of -13.33% and 42.73% over the past three months. SOGO shares are trading 5.71% year to date (YTD), with the 12-month market performance up to 23.97% higher. It has a 12-month low price of $2.95 and touched a high of $5.80 over the same period. Currently, 1.02 million shares have been traded, compared to an average intraday trading volume of 1.25 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 6.64%, 24.26%, and 11.13% respectively.
Institutional ownership of Sogou Inc. (NYSE: SOGO) shares accounts for 22.70% of the company’s 382.14M shares outstanding. Mutual fund holders own 13.47%, while other institutional holders and individual stakeholders account for 9.86% and — respectively.
It has a market capitalization of $1.89B. The stock’s trailing 12-month PE ratio is 31.64, while the earnings-per-share (ttm) stands at $0.15. The company has a PEG of 2.32 and the debt-to-equity ratio at 0.00. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.49% over the week and 5.83% over the month.
Analysts forecast that Sogou Inc. (SOGO) will achieve an EPS of -$0.01 for the current quarter, $0.06 for the next quarter and $0.3 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.02 while analysts give the company a high EPS estimate of $0.01. Comparatively, EPS for the current quarter was $0.07 a year ago. Earnings per share for the fiscal year are expected to decrease by -9.80%, and 300.00% over the next financial year. EPS should shrink at an annualized rate of 13.66% over the next five years, compared to 24.00% over the past 5-year period.
Looking at the support for the SOGO, a number of firms have released research notes about the stock. Goldman stated their Buy rating for the stock in a research note on April 30, 2020, with the firm’s price target at. Jefferies coverage for the Sogou Inc. (SOGO) stock in a research note released on January 13, 2020 offered a Buy rating with a price target of. Credit Suisse was of a view on October 04, 2019 that the stock is Outperform, while Jefferies gave the stock Hold rating on August 05, 2019, issuing a price target of. Credit Suisse on their part issued Neutral rating on July 17, 2019.