Yahoo Inc. (YHOO) Rating Increased to Strong-Buy at Vetr Inc.
Yahoo Inc. (NASDAQ:YHOO) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday. The firm presently has a $45.96 price target on the digital content provider’s stock. Vetr‘s target price points to a potential upside of 13.71% from the company’s previous close.
Other research analysts also recently issued research reports about the company. SunTrust Banks Inc. restated a “neutral” rating and set a $42.00 price target on shares of Yahoo in a report on Thursday, September 22nd. Bank of America Corp. restated a “buy” rating and set a $55.00 price target on shares of Yahoo in a report on Friday, September 23rd. Robert W. Baird restated a “neutral” rating and set a $42.00 price target on shares of Yahoo in a report on Friday, September 23rd. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $55.00 price target (up previously from $48.00) on shares of Yahoo in a report on Monday, September 19th. Finally, Citigroup Inc. restated a “buy” rating on shares of Yahoo in a report on Monday, September 26th. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Yahoo has a consensus rating of “Hold” and an average target price of $42.91.
Shares of Yahoo (NASDAQ:YHOO) opened at 40.42 on Thursday. The stock has a 50 day moving average price of $42.12 and a 200 day moving average price of $39.85. The stock’s market capitalization is $38.69 billion. Yahoo has a 52 week low of $26.15 and a 52 week high of $44.92.
Yahoo (NASDAQ:YHOO) last released its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.06. Yahoo had a positive return on equity of 0.16% and a negative net margin of 96.74%. The company earned $857 million during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $0.15 EPS. Yahoo’s revenue for the quarter was down 14.6% on a year-over-year basis. On average, equities research analysts expect that Yahoo will post $0.58 EPS for the current year.
In other Yahoo news, CRO Lisa Utzschneider sold 683 shares of Yahoo stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $41.13, for a total value of $28,091.79. Following the transaction, the executive now directly owns 597,297 shares of the company’s stock, valued at $24,566,825.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 9.20% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. TCI Fund Management Ltd. purchased a new position in Yahoo during the first quarter valued at about $530,211,000. Canyon Capital Advisors LLC raised its position in 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 valued at $697,579,000 after buying an additional 7,445,247 shares in the last quarter. Natixis raised its position in Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock valued at $518,987,000 after buying an additional 3,552,539 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Yahoo during the first quarter valued at approximately $123,399,000. Finally, BNP Paribas Arbitrage SA increased its stake in Yahoo by 251.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,983,410 shares of the digital content provider’s stock valued at $128,585,000 after buying an additional 2,135,530 shares during the last quarter. 73.92% of the stock is currently owned by institutional investors and hedge funds.
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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