Yahoo’s (YHOO) “Neutral” Rating Reiterated at SunTrust Banks Inc.
Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “neutral” rating reaffirmed by investment analysts at SunTrust Banks Inc. in a note issued to investors on Saturday. They currently have a $42.00 target price on the digital content provider’s stock. SunTrust Banks Inc.’s target price would suggest a potential downside of 2.82% from the company’s previous close.
Other equities analysts have also recently issued reports about the stock. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Yahoo in a research note on Saturday, July 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Yahoo in a research note on Tuesday, July 5th. Vetr cut shares of Yahoo from a “strong-buy” rating to a “buy” rating and set a $41.87 price objective on the stock. in a research note on Monday, July 4th. Citigroup Inc. raised shares of Yahoo from a “neutral” rating to a “buy” rating and raised their price objective for the company from $38.00 to $43.00 in a research note on Wednesday, June 15th. They noted that the move was a valuation call. Finally, Bank of America Corp. reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Yahoo in a research note on Monday, June 13th. Three 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 has a consensus rating of “Hold” and a consensus target price of $40.61.
Yahoo (NASDAQ:YHOO) opened at 43.22 on Friday. Yahoo has a one year low of $26.15 and a one year high of $44.92. The company has a 50-day moving average price of $43.17 and a 200-day moving average price of $38.95. The firm’s market cap is $41.14 billion.
Yahoo (NASDAQ:YHOO) last announced its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 earnings per share (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 business earned $842 million during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the business posted $0.16 earnings per share. Yahoo’s revenue was down 19.3% compared to the same quarter last year. Equities analysts predict 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 transaction of $31,358.88. Following the completion of the transaction, the executive now directly owns 612,081 shares in the company, valued at approximately $26,221,550.04. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 9.20% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in YHOO. Virginia Retirement System bought a new position in Yahoo during the first quarter worth about $535,000. Ngam Advisors L.P. boosted its position in Yahoo by 7.5% in the first quarter. Ngam Advisors L.P. now owns 15,092 shares of the digital content provider’s stock worth $556,000 after buying an additional 1,055 shares in the last quarter. NN Investment Partners Holdings N.V. bought a new position in Yahoo during the first quarter worth about $206,000. A.R. Schmeidler & Co. Inc. boosted its position in Yahoo by 19.6% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 14,585 shares of the digital content provider’s stock worth $537,000 after buying an additional 2,390 shares in the last quarter. Finally, Aviva PLC boosted its position in Yahoo by 1.0% in the first quarter. Aviva PLC now owns 448,160 shares of the digital content provider’s stock worth $16,497,000 after buying an additional 4,599 shares in the last quarter. Institutional investors and hedge funds 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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