Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “neutral” rating reaffirmed by equities researchers at SunTrust Banks Inc. in a research note issued on Saturday. They currently have a $42.00 target price on the digital content provider’s stock. SunTrust Banks Inc.’s price objective would suggest a potential downside of 2.82% from the company’s previous close.
A number of other analysts have also commented on YHOO. Bank of America Corp. restated a “buy” rating and set a $48.00 price target on shares of Yahoo in a research note on Sunday, July 17th. Royal Bank Of Canada restated a “hold” rating on shares of Yahoo in a research note on Sunday, July 17th. Cantor Fitzgerald restated a “buy” rating on shares of Yahoo in a research note on Saturday, July 9th. JMP Securities restated a “hold” rating on shares of Yahoo in a research note on Monday, July 18th. Finally, B. Riley restated a “neutral” rating and set a $38.00 price target on shares of Yahoo in a research note on Monday, July 25th. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.61.
Yahoo (NASDAQ:YHOO) opened at 43.22 on Friday. The company’s market capitalization is $41.14 billion. The company’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 announced its quarterly earnings results on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The business had revenue of $842 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 19.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 EPS. On average, analysts expect 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 company’s stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $42.84, for a total value of $31,358.88. Following the transaction, 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 can be accessed through the SEC website. 9.20% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its position 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 valued at $2,001,909,000 after buying an additional 1,126,726 shares during the period. State Street Corp boosted its position 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 valued at $1,333,822,000 after buying an additional 3,253,009 shares during the period. Canyon Capital Advisors LLC boosted its position 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 valued at $697,579,000 after buying an additional 7,445,247 shares during the period. TCI Fund Management Ltd. bought a new position in Yahoo during the first quarter valued at $530,211,000. Finally, Natixis boosted its position 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 during the period. 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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