Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “outperform” rating reissued by investment analysts at Oppenheimer Holdings Inc. in a research report issued to clients and investors on Monday. They presently have a $55.00 price target on the digital content provider’s stock, up from their previous price target of $48.00. Oppenheimer Holdings Inc.’s price target would indicate a potential upside of 27.34% from the stock’s previous close.
Several other analysts have also weighed in on the company. Vetr lowered Yahoo from a “hold” rating to a “sell” rating and set a $43.29 price objective for the company. in a report on Tuesday, September 6th. Bank of America Corp. reaffirmed a “buy” rating and set a $53.00 target price (up from $50.00) on shares of Yahoo in a report on Tuesday, August 23rd. Jefferies Group reaffirmed a “buy” rating and set a $43.00 target price on shares of Yahoo in a report on Tuesday, August 23rd. Cantor Fitzgerald reaffirmed a “buy” rating and set a $49.00 target price on shares of Yahoo in a report on Tuesday, August 9th. Finally, SunTrust Banks Inc. reaffirmed a “neutral” rating and set a $42.00 target price on shares of Yahoo in a report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eighteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $40.51.
Shares of Yahoo (NASDAQ:YHOO) opened at 42.79 on Monday. The stock’s 50 day moving average price is $42.18 and its 200-day moving average price is $38.14. The stock’s market cap is $40.73 billion. Yahoo has a one year low of $26.15 and a one year high of $44.92.
Yahoo (NASDAQ:YHOO) last announced 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. The firm earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The company’s quarterly revenue was down 19.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. On average, equities analysts predict that Yahoo will post $0.49 earnings per share for the current fiscal year.
In related news, CRO Lisa Utzschneider sold 683 shares of the stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $36.89, for a total transaction of $25,195.87. Following the completion of the sale, the executive now owns 622,046 shares in the company, valued at approximately $22,947,276.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 9.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in YHOO. Macquarie Group Ltd. increased its stake in shares of Yahoo by 6.9% in the second quarter. Macquarie Group Ltd. now owns 1,207,700 shares of the digital content provider’s stock valued at $45,361,000 after buying an additional 77,450 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Yahoo during the second quarter worth approximately $1,325,000. Kentucky Retirement Systems purchased a new stake in shares of Yahoo during the second quarter worth approximately $2,791,000. Mason Street Advisors LLC purchased a new stake in shares of Yahoo during the second quarter worth approximately $4,421,000. Finally, Cowen Group Inc. increased its stake in shares of Yahoo by 713.0% in the second quarter. Cowen Group Inc. now owns 351,139 shares of the digital content provider’s stock worth $13,189,000 after buying an additional 307,950 shares in the last quarter. Hedge funds and other institutional investors own 73.67% 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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