Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “neutral” rating reaffirmed by stock analysts at SunTrust Banks Inc. in a research note issued on Friday.
Several other equities analysts have also issued reports on the stock. Bank of America Corp. reiterated a “buy” rating and set a $48.00 target price on shares of Yahoo in a report on Sunday, July 17th. Vetr lowered shares of Yahoo from a “hold” rating to a “sell” rating and set a $41.12 target price for the company. in a report on Wednesday, August 24th. RBC Capital Markets reiterated a “sector perform” rating and set a $29.00 target price on shares of Yahoo in a report on Monday, August 1st. Royal Bank Of Canada lifted their target price on shares of Yahoo from $38.00 to $39.00 and gave the company a “sector perform” rating in a report on Tuesday, July 19th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $55.00 target price (up from $48.00) on shares of Yahoo in a report on Monday, September 19th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $40.61.
Yahoo (NASDAQ:YHOO) opened at 43.13 on Friday. The stock has a 50 day moving average price of $43.09 and a 200-day moving average price of $38.77. Yahoo has a 52 week low of $26.15 and a 52 week high of $44.92. The firm’s market capitalization is $41.05 billion.
Yahoo (NASDAQ:YHOO) last issued its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ 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 company earned $842 million during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the business earned $0.16 earnings per share. The business’s quarterly revenue was down 19.3% on a year-over-year basis. Analysts anticipate that Yahoo will post $0.49 EPS for the current fiscal year.
In other news, CRO Lisa Utzschneider sold 732 shares of the business’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $42.84, for a total value of $31,358.88. Following the sale, the executive now directly owns 612,081 shares in the company, valued at approximately $26,221,550.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 9.20% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Yahoo by 2.2% in the second quarter. Vanguard Group Inc. now owns 53,298,983 shares of the digital content provider’s stock worth $2,001,909,000 after buying an additional 1,126,726 shares during the period. State Street Corp increased its stake in Yahoo by 9.9% in the first quarter. State Street Corp now owns 36,235,550 shares of the digital content provider’s stock worth $1,333,822,000 after buying an additional 3,253,009 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in Yahoo by 2.6% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 23,085,504 shares of the digital content provider’s stock worth $849,777,000 after buying an additional 593,069 shares during the period. Canyon Capital Advisors LLC increased its stake in Yahoo by 66.9% in the second quarter. Canyon Capital Advisors LLC now owns 18,572,403 shares of the digital content provider’s stock worth $697,579,000 after buying an additional 7,445,247 shares during the period. Finally, TCI Fund Management Ltd. acquired a new stake in Yahoo during the first quarter worth $530,211,000. Hedge funds and other institutional investors own 73.65% of the company’s stock.
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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