Robert W. Baird reissued their neutral rating on shares of Yahoo Inc. (NASDAQ:YHOO) in a report released on Friday morning. They currently have a $42.00 price objective on the digital content provider’s stock.
Other equities research analysts also recently issued research reports about the company. Vetr downgraded Yahoo from a strong-buy rating to a buy rating and set a $41.87 price target for the company. in a report on Monday, July 4th. Citigroup Inc. raised Yahoo from a neutral rating to a buy rating and raised their price target for the stock from $38.00 to $43.00 in a report on Wednesday, June 15th. They noted that the move was a valuation call. Bank of America Corp. reissued a buy rating and issued a $48.00 price target on shares of Yahoo in a report on Monday, June 13th. Needham & Company LLC reaffirmed a buy rating and set a $40.00 target price on shares of Yahoo in a report on Thursday, June 9th. Finally, SunTrust Banks Inc. reaffirmed a buy rating on shares of Yahoo in a report on Tuesday, June 7th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $40.61.
Yahoo (NASDAQ:YHOO) opened at 43.37 on Friday. Yahoo has a 12 month low of $26.15 and a 12 month high of $44.92. The firm’s 50-day moving average is $42.83 and its 200-day moving average is $38.50. The stock’s market capitalization is $41.28 billion.
Yahoo (NASDAQ:YHOO) last issued its quarterly earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.01. The business earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. Yahoo’s revenue was down 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. On average, equities analysts expect that Yahoo will post $0.49 earnings per share for the current fiscal year.
In related news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $39.01, for a total value of $28,555.32. Following the completion of the transaction, the executive now directly owns 618,268 shares of the company’s stock, valued at approximately $24,118,634.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 9.20% of the stock is owned by corporate insiders.
A number of institutional investors have recently added to or reduced their stakes in the company. TCI Fund Management Ltd. bought a new position in Yahoo during the first quarter valued at $530,211,000. Natixis increased its position in Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock valued at $518,987,000 after buying an additional 3,552,539 shares during the last quarter. Jericho Capital Asset Management L.P. bought a new position in Yahoo during the first quarter valued at $123,399,000. Legal & General Group Plc increased its position in Yahoo by 4.2% in the first quarter. Legal & General Group Plc now owns 3,837,177 shares of the digital content provider’s stock valued at $141,245,000 after buying an additional 155,635 shares during the last quarter. Finally, Pax World Management LLC increased its position in Yahoo by 3.7% in the second quarter. Pax World Management LLC now owns 50,274 shares of the digital content provider’s stock valued at $1,888,000 after buying an additional 1,800 shares during the last quarter. 73.65% of the stock is owned by institutional investors.
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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