Yahoo Inc. (NASDAQ:YHOO) had its target price hoisted by MKM Partners from $44.00 to $51.00 in a research note published on Monday morning. They currently have a buy rating on the digital content provider’s stock.
Several other brokerages have also issued reports on YHOO. Bank of America Corp. reiterated a buy rating and set a $48.00 target price on shares of Yahoo in a research report on Sunday, July 17th. Vetr lowered shares of Yahoo from a hold rating to a sell rating and set a $41.12 target price for the company. in a research report on Wednesday, August 24th. SunTrust Banks Inc. lowered shares of Yahoo from a buy rating to a neutral rating and dropped their target price for the company from $44.00 to $42.00 in a research report on Monday, July 11th. RBC Capital Markets reiterated a sector perform rating and set a $29.00 target price on shares of Yahoo in a research report on Monday, August 1st. Finally, Royal Bank Of Canada lifted their target price on shares of Yahoo from $38.00 to $39.00 and gave the company a sector perform rating in a research report on Tuesday, July 19th. Two research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $41.04.
Yahoo (NASDAQ:YHOO) traded up 1.72% during mid-day trading on Monday, reaching $42.51. 1,822,119 shares of the company’s stock were exchanged. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The stock’s market cap is $40.46 billion. The company has a 50-day moving average of $43.16 and a 200-day moving average of $39.26.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The firm earned $842 million during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter last year, the business posted $0.16 earnings per share. Yahoo’s revenue was down 19.3% compared to the same quarter last year. Equities research analysts anticipate that Yahoo will post $0.49 earnings per share for the current year.
In other news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $39.01, for a total transaction of $28,555.32. Following the transaction, the executive now owns 618,268 shares in the company, valued at $24,118,634.68. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 9.20% of the company’s stock.
Several institutional investors have recently made changes to their positions in YHOO. Nuveen Asset Management LLC raised its position in shares of Yahoo by 5.4% in the first quarter. Nuveen Asset Management LLC now owns 59,618 shares of the digital content provider’s stock valued at $2,195,000 after buying an additional 3,033 shares in the last quarter. Anandar Capital Management LP raised its position in Yahoo by 810.0% in the first quarter. Anandar Capital Management LP now owns 455,000 shares of the digital content provider’s stock valued at $16,749,000 after buying an additional 405,000 shares during the period. Reynolds Capital Management LLC bought a new position in Yahoo during the first quarter valued at about $368,000. Springowl Associates LLC bought a new position in Yahoo during the first quarter valued at about $1,104,000. Finally, Geode Capital Management LLC raised its position in Yahoo by 2.1% in the first quarter. Geode Capital Management LLC now owns 7,365,621 shares of the digital content provider’s stock valued at $270,598,000 after buying an additional 152,921 shares during the period. Hedge funds and other institutional investors own 73.86% 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.
Receive News & Ratings for Yahoo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yahoo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.