Yahoo’s (YHOO) Neutral Rating Reaffirmed at SunTrust Banks Inc.
SunTrust Banks Inc. reiterated their neutral rating on shares of Yahoo Inc. (NASDAQ:YHOO) in a research report sent to investors on Saturday morning. SunTrust Banks Inc. currently has a $42.00 target price on the digital content provider’s stock.
Several other equities research analysts have also weighed in on the company. Zacks Investment Research lowered Yahoo from a hold rating to a strong sell rating in a research report on Friday, July 22nd. Jefferies Group reaffirmed a buy rating and set a $43.00 price target on shares of Yahoo in a research report on Monday, July 25th. Vetr raised Yahoo from a sell rating to a hold rating and set a $43.17 price target on the stock in a research report on Monday, September 5th. Bank of America Corp. reaffirmed a buy rating and set a $48.00 price target on shares of Yahoo in a research report on Monday, July 25th. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and set a $49.00 price target on shares of Yahoo in a research report on Wednesday, July 20th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $40.61.
Yahoo (NASDAQ:YHOO) opened at 43.22 on Friday. Yahoo has a 12 month low of $26.15 and a 12 month high of $44.92. The stock’s 50 day moving average price is $43.17 and its 200-day moving average price is $38.95. The stock’s market cap is $41.14 billion.
Yahoo (NASDAQ:YHOO) last issued its earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the 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 period last year, the business posted $0.16 EPS. Yahoo’s revenue was down 19.3% on a year-over-year basis. Equities research analysts predict that Yahoo will post $0.49 EPS for the current year.
In other news, CRO Lisa Utzschneider sold 732 shares of the company’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $39.01, for a total value of $28,555.32. Following the completion of the sale, the executive now owns 618,268 shares of the company’s stock, valued at $24,118,634.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.20% of the stock is owned by insiders.
Several large investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its stake in shares of Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock valued at $100,000 after buying an additional 1,044 shares during the last quarter. PineBridge Investments L.P. acquired a new position in shares of Yahoo during the second quarter worth approximately $125,000. MCF Advisors LLC increased its position in shares of Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock worth $150,000 after buying an additional 1,740 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock worth $169,000 after buying an additional 120 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of Yahoo during the second quarter worth approximately $199,000. 73.65% of the stock is owned by 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.
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