Bank of America Corp. reissued their buy rating on shares of Yahoo Inc. (NASDAQ:YHOO) in a report published on Friday. The firm currently has a $55.00 price target on the digital content provider’s stock.
YHOO has been the subject of several other research reports. Vetr raised Yahoo from a sell rating to a hold rating and set a $43.17 price objective for the company in a research report on Monday, September 5th. Oppenheimer Holdings Inc. reissued an outperform rating and set a $55.00 price objective (up previously from $48.00) on shares of Yahoo in a research report on Monday, September 19th. SunTrust Banks Inc. reissued a buy rating and set a $44.00 price objective (up previously from $42.00) on shares of Yahoo in a research report on Wednesday, July 6th. Needham & Company LLC reissued a buy rating and set a $40.00 price objective on shares of Yahoo in a research report on Thursday, June 9th. Finally, Jefferies Group reissued a buy rating and set a $43.00 price objective on shares of Yahoo in a research report on Tuesday, August 23rd. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have given a buy rating to the stock. Yahoo has an average rating of Hold and an average price target of $40.61.
Yahoo (NASDAQ:YHOO) opened at 43.69 on Friday. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The company’s market cap is $41.58 billion. The company’s 50-day moving average is $42.96 and its 200 day moving average is $38.53.
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 consensus estimate of $0.10 by $0.01. The firm 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 business’s quarterly revenue was down 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. Equities analysts forecast that Yahoo will post $0.49 earnings per share for the current fiscal year.
In related news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $43.94, for a total transaction of $32,164.08. Following the sale, the executive now directly owns 605,893 shares of the company’s stock, valued at $26,622,938.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 9.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. TCI Fund Management Ltd. acquired a new stake in shares of Yahoo during the first quarter valued at approximately $530,211,000. Canyon Capital Advisors LLC raised its stake in shares of 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 valued at $697,579,000 after buying an additional 7,445,247 shares during the last quarter. Natixis raised its stake in shares of Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock valued at $518,987,000 after buying an additional 3,552,539 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Yahoo during the first quarter valued at approximately $123,399,000. Finally, State Street Corp raised its stake in shares of Yahoo by 9.9% in the first quarter. State Street Corp now owns 36,235,550 shares of the digital content provider’s stock valued at $1,333,822,000 after buying an additional 3,253,009 shares during the last quarter. 73.65% of the stock is currently owned by hedge funds and other institutional investors.
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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