Yahoo Inc. (NASDAQ:YHOO) was upgraded by Vetr from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm currently has a $45.40 price target on the digital content provider’s stock. Vetr‘s price target suggests a potential upside of 6.37% from the stock’s previous close.
Several other equities research analysts have also commented on the company. Zacks Investment Research lowered Yahoo from a “hold” rating to a “strong sell” rating in a research note on Friday, July 22nd. Jefferies Group reissued a “buy” rating and set a $43.00 price target on shares of Yahoo in a research note on Monday, July 25th. Bank of America Corp. reissued a “buy” rating and set a $48.00 price target on shares of Yahoo in a research note on Monday, July 25th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $49.00 price target on shares of Yahoo in a research note on Wednesday, July 20th. Finally, Morgan Stanley lowered Yahoo from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $46.00 to $42.00 in a research note on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $40.67.
Shares of Yahoo (NASDAQ:YHOO) opened at 42.68 on Monday. The firm’s 50-day moving average price is $43.21 and its 200 day moving average price is $39.10. Yahoo has a 1-year low of $26.15 and a 1-year high of $44.92. The firm’s market cap is $40.62 billion.
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. The firm had revenue of $842 million for the quarter, compared to analysts’ expectations of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. Yahoo’s revenue was down 19.3% compared to the same quarter last year. During the same period last year, the firm earned $0.16 EPS. On average, equities research analysts forecast that Yahoo will post $0.49 EPS for the current fiscal year.
In related news, CRO Lisa Utzschneider sold 732 shares of the firm’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 completion of the transaction, the executive now owns 612,081 shares of the company’s stock, valued at approximately $26,221,550.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 9.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of YHOO. Vanguard Group Inc. raised 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 worth $2,001,909,000 after buying an additional 1,126,726 shares in the last quarter. State Street Corp raised 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 worth $1,333,822,000 after buying an additional 3,253,009 shares in the last quarter. Canyon Capital Advisors LLC raised 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 worth $697,579,000 after buying an additional 7,445,247 shares in the last quarter. TCI Fund Management Ltd. purchased a new position in Yahoo during the first quarter worth approximately $530,211,000. Finally, Natixis raised 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 worth $518,987,000 after buying an additional 3,552,539 shares in the last quarter. 73.66% of the stock is 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.
To view Vetr’s full report, visit Vetr’s official website.
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