Sohu.com Inc (SOHU) was Resumed by JP Morgan to “Underweight” and the brokerage firm has set the Price Target at $40. JP Morgan advised their investors in a research report released on Aug 31, 2016.
Many Wall Street Analysts have commented on Sohu.com Inc. Sohu.com Inc was Downgraded by Citigroup to ” Neutral” on Jul 22, 2016.
On the company’s financial health, Sohu.com Inc reported $-1.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.28 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $-1.34. The company had revenue of $420.14 million for the quarter, compared to analysts expectations of $439.15 million. The company’s revenue was down -14.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.37 EPS.
Sohu.com Inc opened for trading at $40.52 and hit $42.4 on the upside on Monday, eventually ending the session at $41.98, with a gain of 4.32% or 1.74 points. The heightened volatility saw the trading volume jump to 8,28,968 shares. Company has a market cap of $1,626 M.
In a different news, on Dec 11, 2015, Edward B Roberts (director) sold 1,400 shares at $49.05 per share price. According to the SEC, on Jun 15, 2015, Charles Zhang (CEO) sold 15,618 shares at $70.14 per share price. On May 20, 2015, Shi Wang (director) sold 3,133 shares at $67.00 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Company operates through four segments: brand advertising segment and the others segment (both operated by Sohu) the Sogou segment and the Changyou segment. Sohu’s main business is the brand advertising business which offers to users over its matrices of Chinese language online media various content products and services across multiple Internet-enabled devices such as PCs mobile phones and tablets. Sohu engages in the others business which includes mobile-related services and mobile products. Sogou is an online search client software and mobile Internet product provider. Changyou is an online game developer and operator as measured by its MMOG Tian Long Ba Bu (TLBB) and its mobile game TLBB three-dimensional and engages in the development operation and licensing of online games for PCs and mobile devices.