Yahoo Inc. (YHOO) Lowered to Hold at Vetr Inc.
Vetr lowered shares of Yahoo Inc. (NASDAQ:YHOO) from a buy rating to a hold rating in a report released on Tuesday. They currently have $45.56 price objective on the digital content provider’s stock.
Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Yahoo from a hold rating to a strong sell rating in a research note on Friday, July 22nd. Jefferies Group restated a buy rating and set a $43.00 target price on shares of Yahoo in a research note on Monday, July 25th. Bank of America Corp. restated a buy rating and set a $48.00 target price on shares of Yahoo in a research note on Monday, July 25th. Oppenheimer Holdings Inc. restated an outperform rating and set a $49.00 target price on shares of Yahoo in a research note on Wednesday, July 20th. Finally, Morgan Stanley downgraded Yahoo from an overweight rating to an equal weight rating and dropped their price target for the company from $46.00 to $42.00 in a research note on Tuesday, July 26th. 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 stock. The stock currently has a consensus rating of Hold and an average target price of $40.67.
Shares of Yahoo (NASDAQ:YHOO) traded down 0.23% during mid-day trading on Tuesday, hitting $42.58. 683,858 shares of the stock were exchanged. The stock’s 50 day moving average price is $43.21 and its 200-day moving average price is $39.10. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The stock’s market capitalization is $40.53 billion.
Yahoo (NASDAQ:YHOO) last announced its earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the Thomson Reuters’ 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 analysts’ expectations of $1.08 billion. During the same quarter last year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was down 19.3% compared to the same quarter last year. On average, equities research analysts expect that Yahoo will post $0.49 EPS for the current fiscal year.
In other news, CRO Lisa Utzschneider sold 732 shares of Yahoo 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 sale, the executive now owns 612,081 shares in the company, valued at approximately $26,221,550.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 9.20% of the company’s stock.
Several large investors have recently modified their holdings of the company. Virginia Retirement System acquired a new stake in shares of Yahoo during the first quarter valued at approximately $535,000. Ngam Advisors L.P. boosted its position in shares of 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. purchased a new position in shares of Yahoo during the first quarter worth about $206,000. A.R. Schmeidler & Co. Inc. boosted its position in shares of 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 shares of 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 own 73.66% of the company’s stock.
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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