BidaskClub Lowers Sohu.com (NASDAQ:SOHU) to Strong Sell

BidaskClub downgraded shares of Sohu.com (NASDAQ:SOHU) from a sell rating to a strong sell rating in a research report released on Wednesday morning, BidAskClub reports.

Several other research firms also recently weighed in on SOHU. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell reduced their target price on Sohu.com from $32.00 to $24.00 in a research report on Friday, December 18th. Smith Barney Citigroup reduced their target price on Sohu.com from $32.00 to $24.00 in a research report on Friday, December 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Sohu.com presently has a consensus rating of Hold and an average target price of $26.25.

Shares of NASDAQ:SOHU opened at $15.94 on Wednesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.09. Sohu.com has a 52-week low of $5.41 and a 52-week high of $25.71. The stock’s fifty day simple moving average is $17.72 and its 200-day simple moving average is $17.09. The company has a market capitalization of $625.31 million, a P/E ratio of -4.43 and a beta of 2.39.

Sohu.com (NASDAQ:SOHU) last issued its quarterly earnings data on Monday, November 16th. The information services provider reported ($0.39) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.51) by $0.12. Sohu.com had a negative return on equity of 4.15% and a negative net margin of 7.66%. The business had revenue of $157.89 million for the quarter. During the same quarter in the prior year, the company earned ($0.47) earnings per share. On average, sell-side analysts anticipate that Sohu.com will post -3.8 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in the company. Banque Cantonale Vaudoise purchased a new position in shares of Sohu.com in the 3rd quarter worth about $30,000. Altshuler Shaham Ltd purchased a new position in shares of Sohu.com in the 3rd quarter worth about $33,000. California Public Employees Retirement System raised its holdings in shares of Sohu.com by 4.1% in the 3rd quarter. California Public Employees Retirement System now owns 70,760 shares of the information services provider’s stock worth $1,405,000 after purchasing an additional 2,800 shares during the period. AJO LP purchased a new position in shares of Sohu.com in the 2nd quarter worth about $64,000. Finally, Two Sigma Advisers LP raised its holdings in shares of Sohu.com by 3.5% in the 2nd quarter. Two Sigma Advisers LP now owns 272,100 shares of the information services provider’s stock worth $2,506,000 after purchasing an additional 9,100 shares during the period. Institutional investors own 42.90% of the company’s stock.

Sohu.com Company Profile

Sohu.com Limited provides online media, search, and game services on personal computers (PCs) and mobile devices in the People's Republic of China. The company provides online news and information through a mobile phone application, Sohu News APP; sohu.com for PCs; and m.sohu.com mobile portal, as well as online video content and service through tv.sohu.com for PCs, as well as Sohu Video APP mobile phone application.

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