SunTrust Banks Inc. reaffirmed their neutral rating on shares of Yahoo Inc. (NASDAQ:YHOO) in a report published on Saturday morning. SunTrust Banks Inc. currently has a $42.00 price objective on the digital content provider’s stock.
Other research analysts have also issued research reports about the stock. Cantor Fitzgerald reiterated a buy rating on shares of Yahoo in a research note on Saturday, July 9th. Bank of America Corp. reiterated a buy rating and set a $48.00 price objective on shares of Yahoo in a research note on Sunday, July 17th. Royal Bank Of Canada reiterated a hold rating on shares of Yahoo in a research note on Sunday, July 17th. B. Riley reiterated a neutral rating and set a $38.00 price objective on shares of Yahoo in a research note on Tuesday, July 19th. Finally, Citigroup Inc. upgraded shares of Yahoo from a neutral rating to a buy rating and boosted their price objective for the stock from $38.00 to $43.00 in a research note on Wednesday, June 15th. They noted that the move was a valuation call. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $40.61.
Yahoo (NASDAQ:YHOO) opened at 43.22 on Friday. The stock’s market cap is $41.14 billion. The stock’s 50 day moving average is $43.17 and its 200 day moving average is $38.95. Yahoo has a 52 week low of $26.15 and a 52 week high of $44.92.
Yahoo (NASDAQ:YHOO) last posted 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 the consensus estimate of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The company’s revenue was down 19.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.16 EPS. Analysts predict that Yahoo will post $0.49 EPS for the current year.
In related news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $42.84, for a total transaction of $31,358.88. Following the completion of the sale, the executive now directly owns 612,081 shares in the company, valued at $26,221,550.04. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 9.20% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA boosted its stake in Yahoo by 251.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,983,410 shares of the digital content provider’s stock valued at $128,585,000 after buying an additional 2,135,530 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in Yahoo by 11.1% in the third quarter. Eqis Capital Management Inc. now owns 13,749 shares of the digital content provider’s stock valued at $593,000 after buying an additional 1,372 shares during the last quarter. Macquarie Group Ltd. boosted its stake in 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 Yahoo during the second quarter valued at about $1,325,000. Finally, Kentucky Retirement Systems purchased a new stake in Yahoo during the second quarter valued at about $2,791,000. Hedge funds and other institutional investors 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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