Yahoo Inc. (YHOO) Given a $52.00 Price Target at Credit Suisse Group AG
Credit Suisse Group AG set a $52.00 price objective on Yahoo Inc. (NASDAQ:YHOO) in a research report report published on Monday. The firm currently has a a neutral rating on the digital content provider’s stock.
Other research analysts have also issued research reports about the stock. Cantor Fitzgerald restated a buy rating on shares of Yahoo in a report on Saturday, July 9th. SunTrust Banks Inc. restated a buy rating and set a $44.00 price target (up previously from $42.00) on shares of Yahoo in a report on Wednesday, July 6th. Needham & Company LLC restated a buy rating and set a $40.00 price target on shares of Yahoo in a report on Tuesday, July 5th. Vetr lowered shares of Yahoo from a strong-buy rating to a buy rating and set a $41.87 price objective for the company. in a research note on Monday, July 4th. Finally, Bank of America Corp. reiterated a buy rating and issued a $48.00 price objective on shares of Yahoo in a research note on Sunday, July 17th. Two investment analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have given a buy rating to the company. Yahoo currently has an average rating of Hold and a consensus target price of $41.04.
Shares of Yahoo (NASDAQ:YHOO) traded up 1.60% during mid-day trading on Monday, reaching $42.46. 2,316,435 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $43.16 and its 200 day moving average price is $39.26. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The company’s market cap is $40.41 billion.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share (EPS) 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 firm had revenue of $842 million for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the business posted $0.16 EPS. The firm’s revenue for the quarter was down 19.3% compared to the same quarter last year. On average, equities research analysts predict that Yahoo will post $0.49 EPS for the current year.
In related news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction that occurred 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 sale, the executive now owns 618,268 shares of the company’s stock, valued at approximately $24,118,634.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 9.20% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Ngam Advisors L.P. increased its stake 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 during the last quarter. NN Investment Partners Holdings N.V. purchased a new stake in Yahoo during the first quarter worth about $206,000. State Street Corp increased its stake in 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 during the last quarter. Primecap Management Co. CA increased its stake in Yahoo by 2.3% in the first quarter. Primecap Management Co. CA now owns 5,938,080 shares of the digital content provider’s stock worth $218,581,000 after buying an additional 133,200 shares during the last quarter. Finally, Quadrature Capital Ltd increased its stake in Yahoo by 151.7% in the first quarter. Quadrature Capital Ltd now owns 156,061 shares of the digital content provider’s stock worth $5,745,000 after buying an additional 94,066 shares during the last quarter. 73.86% of the stock is currently 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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