Shares of Yahoo Inc. (NASDAQ:YHOO) have earned an average recommendation of “Hold” from the thirty-nine research firms that are presently covering the firm. Three research analysts have rated the stock with a sell recommendation, nineteen have assigned a hold recommendation and seventeen have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $40.48.
Several research firms have commented on YHOO. Vetr cut Yahoo from a “buy” rating to a “hold” rating and set a $37.11 target price on the stock. in a research note on Thursday, May 26th. SunTrust Banks Inc. restated a “buy” rating and issued a $44.00 target price on shares of Yahoo in a research note on Wednesday, June 1st. Cantor Fitzgerald restated a “buy” rating and issued a $49.00 target price on shares of Yahoo in a research note on Sunday, June 5th. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Yahoo in a research note on Thursday, June 9th. Finally, Bank of America Corp. restated a “buy” rating and issued a $48.00 target price on shares of Yahoo in a research note on Monday, June 13th.
Shares of Yahoo (NASDAQ:YHOO) opened at 44.15 on Tuesday. The stock has a 50 day moving average of $42.50 and a 200 day moving average of $38.22. Yahoo has a 52 week low of $26.15 and a 52 week high of $44.92. The firm’s market cap is $42.02 billion.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The business had revenue of $842 million for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the firm earned $0.16 EPS. The company’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 683 shares of the business’s stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $36.89, for a total value of $25,195.87. Following the sale, the executive now directly owns 622,046 shares in the company, valued at $22,947,276.94. The sale was disclosed in a filing with the SEC, which is accessible through this link. 9.20% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in YHOO. Quadrant Capital Group LLC boosted its position in shares of Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock valued at $100,000 after buying an additional 1,044 shares during the period. PineBridge Investments L.P. bought a new position in shares of Yahoo during the second quarter valued at $125,000. MCF Advisors LLC boosted its position in shares of Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock valued at $150,000 after buying an additional 1,740 shares during the period. Glenmede Trust Co. NA boosted its position in shares of Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock valued at $169,000 after buying an additional 120 shares during the period. Finally, Picton Mahoney Asset Management bought a new position in shares of Yahoo during the second quarter valued at $199,000. 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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