Yahoo Inc. (YHOO) Upgraded to “Buy” by Vetr Inc.
Vetr upgraded shares of Yahoo Inc. (NASDAQ:YHOO) from a hold rating to a buy rating in a research note issued to investors on Monday. Vetr currently has $45.40 price objective on the digital content provider’s stock.
A number of other equities research analysts have also commented on the stock. SunTrust Banks Inc. reaffirmed a neutral rating and issued a $42.00 price objective on shares of Yahoo in a research note on Saturday. Citigroup Inc. reaffirmed a buy rating on shares of Yahoo in a research note on Monday, September 26th. Robert W. Baird reaffirmed a neutral rating and issued a $42.00 price objective on shares of Yahoo in a research note on Friday, September 23rd. Bank of America Corp. reaffirmed a buy rating and issued a $55.00 price objective on shares of Yahoo in a research note on Friday, September 23rd. Finally, Oppenheimer Holdings Inc. reaffirmed an outperform rating and issued a $55.00 price objective (up from $48.00) on shares of Yahoo in a research note on Monday, September 19th. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $40.67.
Yahoo (NASDAQ:YHOO) opened at 43.805 on Monday. The company has a 50-day moving average of $43.20 and a 200-day moving average of $39.07. The company’s market cap is $41.69 billion. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92.
Yahoo (NASDAQ:YHOO) last posted its quarterly earnings data 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. 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 period in the prior year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was down 19.3% compared to the same quarter last year. On average, equities research analysts expect that Yahoo will post $0.49 earnings per share for the current fiscal year.
In other news, CRO Lisa Utzschneider sold 683 shares of Yahoo stock in a transaction that occurred on Tuesday, August 30th. The stock was sold at an average price of $42.28, for a total value of $28,877.24. Following the sale, the executive now directly owns 609,672 shares of the company’s stock, valued at $25,776,932.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.20% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of 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 stake in shares of 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 stake in shares of 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 stake in shares of Yahoo during the first quarter worth about $530,211,000. Finally, Natixis raised its stake in shares of 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 currently 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.
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