Needham & Company LLC cut shares of Yahoo Inc. (NASDAQ:YHOO) from a buy rating to a hold rating in a research report sent to investors on Tuesday. They currently have $40.00 price target on the digital content provider’s stock.

YHOO has been the topic of a number of other research reports. Bank of America Corp. reissued a buy rating and issued a $48.00 target price on shares of Yahoo in a report on Sunday, July 17th. Royal Bank Of Canada reissued a hold rating on shares of Yahoo in a report on Sunday, July 17th. Cantor Fitzgerald reissued a buy rating on shares of Yahoo in a report on Saturday, July 9th. B. Riley reissued a neutral rating and issued a $38.00 target price on shares of Yahoo in a report on Tuesday, July 19th. Finally, Susquehanna reissued a buy rating on shares of Yahoo in a report on Monday, July 18th. Two equities research analysts have rated the stock with a sell rating, twenty-two have given a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $41.67.

Yahoo (NASDAQ:YHOO) opened at 41.68 on Tuesday. The firm’s 50-day moving average price is $43.14 and its 200 day moving average price is $39.30. The firm’s market cap is $39.67 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 results on Tuesday, October 18th. The digital content provider reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. The business earned $857 million during the quarter, compared to the consensus estimate of $1.31 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The company’s revenue for the quarter was down 14.6% compared to the same quarter last year. During the same period last year, the firm earned $0.15 earnings per share. On average, equities analysts anticipate that Yahoo will post $0.49 earnings per share for the current year.

In other news, CRO Lisa Utzschneider sold 683 shares of the stock in a transaction on Tuesday, August 30th. The shares were sold at an average price of $42.28, for a total transaction of $28,877.24. Following the completion of the sale, the executive now owns 609,672 shares of the company’s stock, valued at $25,776,932.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 9.20% of the company’s stock.

Large investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock worth $100,000 after buying an additional 1,044 shares during the period. PineBridge Investments L.P. acquired a new position in Yahoo during the second quarter worth $125,000. MCF Advisors LLC increased its position in 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 during the period. Glenmede Trust Co. NA increased its position in 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 during the period. Finally, Picton Mahoney Asset Management acquired a new position in Yahoo during the second quarter worth $199,000. 73.86% of the stock is owned by institutional investors.

About Yahoo

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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