Vetr lowered shares of Yahoo Inc. (NASDAQ:YHOO) from a buy rating to a hold rating in a report released on Tuesday morning. They currently have $45.56 target price on the digital content provider’s stock.
Other research analysts have also issued research reports about the company. Zacks Investment Research lowered Yahoo from a hold rating to a strong sell rating in a report on Friday, July 22nd. Jefferies Group reissued a buy rating and set a $43.00 price objective on shares of Yahoo in a report on Monday, July 25th. Bank of America Corp. reissued a buy rating and set a $48.00 price objective on shares of Yahoo in a report on Monday, July 25th. Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $49.00 target price on shares of Yahoo in a research note on Wednesday, July 20th. Finally, Morgan Stanley lowered Yahoo from an overweight rating to an equal weight rating and cut their target price for the stock from $46.00 to $42.00 in a research note on Tuesday, July 26th. Two research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of $40.67.
Shares of Yahoo (NASDAQ:YHOO) traded down 0.23% on Tuesday, reaching $42.58. 683,858 shares of the company were exchanged. Yahoo has a 12 month low of $26.15 and a 12 month high of $44.92. The company’s market cap is $40.53 billion. The company’s 50-day moving average price is $43.21 and its 200 day moving average price is $39.10.
Yahoo (NASDAQ:YHOO) last posted its earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $842 million for the quarter, compared to analysts’ expectations of $1.08 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The firm’s quarterly revenue was down 19.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. On average, equities research analysts expect that Yahoo will post $0.49 EPS for the current year.
In other news, CRO Lisa Utzschneider sold 683 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $43.03, for a total value of $29,389.49. Following the completion of the transaction, the executive now directly owns 603,484 shares of the company’s stock, valued at approximately $25,967,916.52. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 9.20% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its position in 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 last quarter. PineBridge Investments L.P. bought a new position in Yahoo during the second quarter valued at approximately $125,000. MCF Advisors LLC raised its position in 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 last quarter. Glenmede Trust Co. NA raised its position in 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 last quarter. Finally, Picton Mahoney Asset Management bought a new position in Yahoo during the second quarter valued at approximately $199,000. 73.66% of the stock is owned by hedge funds and other institutional investors.
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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