Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “buy” rating reiterated by stock analysts at Citigroup Inc. in a note issued to investors on Monday.
Several other research analysts have also commented on YHOO. Cantor Fitzgerald restated a “buy” rating on shares of Yahoo in a research note on Saturday, July 9th. Royal Bank Of Canada restated a “hold” rating on shares of Yahoo in a research note on Sunday, July 17th. Bank of America Corp. reiterated a “buy” rating and issued a $48.00 target price on shares of Yahoo in a research note on Sunday, July 17th. SunTrust Banks Inc. reiterated a “buy” rating and issued a $44.00 target price on shares of Yahoo in a research note on Wednesday, June 1st. Finally, JMP Securities reiterated a “hold” rating on shares of Yahoo in a research note on Monday, July 18th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $40.61.
Shares of Yahoo (NASDAQ:YHOO) opened at 42.80 on Monday. The stock has a 50 day moving average of $42.62 and a 200-day moving average of $38.29. The firm’s market cap is $40.74 billion. Yahoo has a 52 week low of $26.15 and a 52 week high of $44.92.
Yahoo (NASDAQ:YHOO) last announced its quarterly earnings results 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 business had revenue of $842 million for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the company earned $0.16 EPS. The business’s revenue for the quarter was down 19.3% compared to the same quarter last year. Equities research analysts expect that Yahoo will post $0.49 earnings per share for the current year.
In related news, CRO Lisa Utzschneider sold 683 shares of the company’s stock in a transaction dated Tuesday, August 30th. The shares were sold at an average price of $42.28, for a total value of $28,877.24. Following the transaction, the executive now directly owns 609,672 shares in the company, valued at $25,776,932.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in YHOO. TCI Fund Management Ltd. acquired a new position in Yahoo during the first quarter valued at approximately $530,211,000. Natixis boosted its stake in 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 in the last quarter. Jericho Capital Asset Management L.P. purchased a new stake in Yahoo during the first quarter valued at $123,399,000. Legal & General Group Plc boosted its stake in Yahoo by 4.2% in the first quarter. Legal & General Group Plc now owns 3,837,177 shares of the digital content provider’s stock valued at $141,245,000 after buying an additional 155,635 shares in the last quarter. Finally, Pax World Management LLC boosted its stake in Yahoo by 3.7% in the second quarter. Pax World Management LLC now owns 50,274 shares of the digital content provider’s stock valued at $1,888,000 after buying an additional 1,800 shares in the last quarter. Institutional investors and hedge funds own 73.65% 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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