Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “neutral” rating reaffirmed by analysts at SunTrust Banks Inc. in a report issued on Thursday. They presently have a $42.00 target price on the digital content provider’s stock. SunTrust Banks Inc.’s target price suggests a potential downside of 1.87% from the company’s previous close.
Other equities analysts have also recently issued research reports about the company. Cantor Fitzgerald reiterated a “buy” rating on shares of Yahoo in a research report on Saturday, July 9th. Royal Bank Of Canada reiterated a “hold” rating on shares of Yahoo in a research report on Sunday, July 17th. Bank of America Corp. reiterated a “buy” rating and set a $48.00 target price on shares of Yahoo in a research report on Sunday, July 17th. B. Riley reiterated a “neutral” rating and set a $38.00 target price on shares of Yahoo in a research report on Tuesday, July 19th. Finally, Citigroup Inc. upgraded Yahoo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $38.00 to $43.00 in a research report on Wednesday, June 15th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.61.
Yahoo (NASDAQ:YHOO) opened at 42.80 on Thursday. Yahoo has a 12 month low of $26.15 and a 12 month high of $44.92. The company’s 50-day moving average price is $42.62 and its 200-day moving average price is $38.29. The stock’s market cap is $40.74 billion.
Yahoo (NASDAQ:YHOO) last released its earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The business had revenue of $842 million for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $0.16 EPS. The business’s revenue for the quarter was down 19.3% on a year-over-year basis. Equities analysts forecast that Yahoo will post $0.49 earnings per share for the current year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $39.01, for a total value of $28,555.32. Following the transaction, the executive now owns 618,268 shares in the company, valued at $24,118,634.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 9.20% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of YHOO. Macquarie Group Ltd. raised its position in Yahoo by 6.9% in the second quarter. Macquarie Group Ltd. now owns 1,207,700 shares of the digital content provider’s stock valued at $45,361,000 after buying an additional 77,450 shares during the period. Kentucky Retirement Systems Insurance Trust Fund acquired a new position in Yahoo during the second quarter valued at about $1,325,000. Kentucky Retirement Systems acquired a new position in Yahoo during the second quarter valued at about $2,791,000. Mason Street Advisors LLC acquired a new position in Yahoo during the second quarter valued at about $4,421,000. Finally, Cowen Group Inc. raised its position in Yahoo by 713.0% in the second quarter. Cowen Group Inc. now owns 351,139 shares of the digital content provider’s stock valued at $13,189,000 after buying an additional 307,950 shares during the period. Hedge funds and other institutional investors own 73.65% of the company’s stock.
Yahoo Company Profile
Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.
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