Needham & Company LLC lowered shares of Yahoo Inc. (NASDAQ:YHOO) from a buy rating to a hold rating in a research note issued to investors on Tuesday. Needham & Company LLC currently has $40.00 price objective on the digital content provider’s stock.
A number of other research analysts also recently issued reports on the stock. MKM Partners boosted their target price on shares of Yahoo from $44.00 to $51.00 and gave the company a buy rating in a research report on Monday. Credit Suisse Group AG set a $52.00 target price on shares of Yahoo and gave the company a neutral rating in a research report on Monday. Vetr downgraded shares of Yahoo from a buy rating to a hold rating and set a $45.56 target price on the stock. in a research report on Tuesday, October 11th. SunTrust Banks Inc. reiterated a neutral rating and set a $42.00 target price on shares of Yahoo in a research report on Saturday, October 8th. Finally, Citigroup Inc. reiterated a buy rating on shares of Yahoo in a research report on Monday, September 26th. Two equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of $41.67.
Yahoo (NASDAQ:YHOO) opened at 41.68 on Tuesday. The company has a 50-day moving average of $43.14 and a 200-day moving average of $39.30. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The company’s market cap is $39.67 billion.
Yahoo (NASDAQ:YHOO) last posted its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The business had revenue of $857 million for the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.15 EPS. The firm’s revenue was down 14.6% compared to the same quarter last year. On average, equities research analysts expect that Yahoo will post $0.49 earnings per share for the current fiscal year.
In other news, CRO Lisa Utzschneider sold 732 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.20% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. 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 in the last quarter. PineBridge Investments L.P. purchased a new position in shares of Yahoo during the second quarter valued at about $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 in the last quarter. 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 in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of Yahoo during the second quarter valued at about $199,000. Hedge funds and other institutional investors own 73.86% 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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