Yahoo Inc. (NASDAQ:YHOO) was the target of a large growth in short interest in the month of September. As of September 15th, there was short interest totalling 47,092,916 shares, a growth of 4.7% from the August 31st total of 44,978,655 shares. Currently, 5.4% of the shares of the company are short sold. Based on an average trading volume of 10,514,778 shares, the days-to-cover ratio is currently 4.5 days.
YHOO has been the topic of several recent research reports. Bank of America Corp. reissued a “buy” rating and issued a $48.00 price objective on shares of Yahoo in a research note on Sunday, July 17th. Vetr cut shares of Yahoo from a “hold” rating to a “sell” rating and set a $41.12 price objective on the stock. in a research note on Wednesday, August 24th. SunTrust Banks Inc. cut shares of Yahoo from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $44.00 to $42.00 in a research note on Monday, July 11th. RBC Capital Markets reissued a “sector perform” rating and issued a $29.00 price objective on shares of Yahoo in a research note on Monday, August 1st. Finally, Royal Bank Of Canada boosted their price objective on shares of Yahoo from $38.00 to $39.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 19th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have assigned a buy rating to the company. Yahoo presently has a consensus rating of “Hold” and a consensus target price of $40.61.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the business’s stock in a transaction 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 directly owns 618,268 shares of the company’s stock, valued at approximately $24,118,634.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 9.20% of the stock is currently owned by insiders.
A number of large investors have recently made changes to their positions in YHOO. Quadrant Capital Group LLC raised its stake 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 worth $100,000 after buying an additional 1,044 shares during the last quarter. PineBridge Investments L.P. acquired a new stake in shares of Yahoo during the second quarter worth approximately $125,000. MCF Advisors LLC raised its stake 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 worth $150,000 after buying an additional 1,740 shares during the last quarter. Glenmede Trust Co. NA raised its stake 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 worth $169,000 after buying an additional 120 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Yahoo during the second quarter worth approximately $199,000. Hedge funds and other institutional investors own 73.65% of the company’s stock.
Yahoo (NASDAQ:YHOO) opened at 43.10 on Friday. The stock’s market capitalization is $41.02 billion. Yahoo has a 1-year low of $26.15 and a 1-year high of $44.92. The stock’s 50 day moving average price is $43.08 and its 200 day moving average price is $38.63.
Yahoo (NASDAQ:YHOO) last announced its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing the Zacks’ 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 business posted $0.16 earnings per share. The company’s revenue was down 19.3% compared to the same quarter last year. Equities research analysts forecast that Yahoo will post $0.49 earnings per share for the current year.
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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