(NASDAQ:SOHU) Rating Increased to Strong-Buy at Zacks Investment Research (NASDAQ:SOHUGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note issued on Tuesday, reports. The firm currently has a $17.00 price target on the information services provider’s stock. Zacks Investment Research‘s target price points to a potential upside of 15.02% from the stock’s current price.

According to Zacks, “Sohu reported relatively soft first-quarter 2022 results with a year-over-year decrease in revenues and net income due to lower contribution from both the brand advertising sector and the online games sector. The company is developing content and short-form video program categories, which are much less expensive than TV content. It continues to invest heavily in online video. Its focus on providing real-time news and premium content through Sohu Media Portal and Video is likely to aid long-term growth. China’s large population, increasing popularity of online video and growing e-commerce are expected to drive online ad spending. Sohu’s improved liquidity position is a tailwind. However, stiff competition from domestic game makers like Tencent and NetEase and the decline of Changyou’s older games for PC remain concerns.”

Separately, assumed coverage on shares of in a research note on Thursday, March 31st. They set a “hold” rating for the company. One research analyst has rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from, the stock presently has a consensus rating of “Buy” and an average target price of $24.33.

NASDAQ SOHU traded up $0.15 during trading on Tuesday, hitting $14.78. The stock had a trading volume of 3,061 shares, compared to its average volume of 283,869. The stock has a market capitalization of $564.89 million, a price-to-earnings ratio of 0.63 and a beta of 1.76. has a one year low of $12.87 and a one year high of $24.99. The stock has a 50 day simple moving average of $16.13 and a 200 day simple moving average of $17.12. (NASDAQ:SOHUGet Rating) last announced its quarterly earnings data on Monday, February 21st. The information services provider reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.61) by $0.70. The business had revenue of $192.99 million during the quarter. had a net margin of 111.03% and a return on equity of 5.66%. On average, sell-side analysts expect that will post -1.64 EPS for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN bought a new stake in shares of during the second quarter valued at approximately $26,000. SG Americas Securities LLC bought a new stake in shares of during the third quarter valued at approximately $159,000. Natixis purchased a new position in during the third quarter valued at approximately $204,000. American Century Companies Inc. increased its holdings in by 16.3% during the first quarter. American Century Companies Inc. now owns 12,428 shares of the information services provider’s stock valued at $209,000 after buying an additional 1,740 shares during the period. Finally, CSS LLC IL purchased a new position in during the fourth quarter valued at approximately $212,000. 37.94% of the stock is owned by hedge funds and other institutional investors. Company Profile (Get Rating) Limited provides online media, video, and game products and services on PCs and mobile devices in China. The company offers online news, information, and content services through the mobile phone application Sohu News APP, mobile portal, and for PCs; and online video content and services through mobile phone application Sohu Video APP and, and ifox, a PC video application.

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