Vetr upgraded shares of Yahoo Inc. (NASDAQ:YHOO) from a hold rating to a buy rating in a research report report published on Monday morning. The brokerage currently has $45.40 price objective on the digital content provider’s stock.
YHOO has been the subject of several other reports. Citigroup Inc. restated a buy rating on shares of Yahoo in a research note on Monday, September 26th. Jefferies Group restated a buy rating on shares of Yahoo in a research note on Monday, July 18th. Nomura set a $39.00 target price on Yahoo and gave the company a neutral rating in a research note on Tuesday, July 19th. Macquarie downgraded Yahoo from an outperform rating to a neutral rating and set a $39.00 target price for the company. in a research note on Monday, July 25th. Finally, Robert W. Baird restated a neutral rating and set a $42.00 target price on shares of Yahoo in a research note on Friday, September 23rd. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have given a buy rating to the company. The stock has a consensus rating of Hold and an average price target of $40.67.
Yahoo (NASDAQ:YHOO) opened at 41.62 on Monday. The stock’s market capitalization is $39.61 billion. The stock’s 50 day moving average price is $43.19 and its 200-day moving average price is $39.14. Yahoo has a 52 week low of $26.15 and a 52 week high of $44.92.
Yahoo (NASDAQ:YHOO) last announced its 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 had revenue of $842 million for 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 firm’s revenue was down 19.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.16 earnings per share. Equities research analysts expect that Yahoo will post $0.49 earnings per share for the current year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $42.84, for a total transaction of $31,358.88. Following the completion of the transaction, the executive now owns 612,081 shares of the company’s stock, valued at $26,221,550.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 9.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its position 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 valued at $100,000 after buying an additional 1,044 shares in the last quarter. PineBridge Investments L.P. purchased a new position in shares of Yahoo during the second quarter valued at approximately $125,000. MCF Advisors LLC raised its position 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 valued at $150,000 after buying an additional 1,740 shares in the last quarter. Glenmede Trust Co. NA raised its position 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 valued at $169,000 after buying an additional 120 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of Yahoo during the second quarter valued at approximately $199,000. 73.66% of the stock is owned by institutional investors and hedge funds.
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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