Yahoo Inc. (NASDAQ:YHOO) was downgraded by equities research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday. They currently have a $45.77 price target on the digital content provider’s stock. Vetr‘s price objective would suggest a potential upside of 10.42% from the stock’s current price.

Other equities research analysts have also issued reports about the company. Nomura restated a “neutral” rating and issued a $45.00 price objective (up from $39.00) on shares of Yahoo in a research note on Wednesday, October 19th. Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $54.00 price objective (down from $55.00) on shares of Yahoo in a research note on Sunday, October 23rd. Citigroup Inc. restated a “buy” rating on shares of Yahoo in a research note on Monday, September 26th. Piper Jaffray Cos. restated an “overweight” rating and issued a $44.00 price objective on shares of Yahoo in a research note on Saturday, October 22nd. Finally, Zacks Investment Research upgraded Yahoo from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Friday, October 21st. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $42.91.

Analyst Recommendations for Yahoo (NASDAQ:YHOO)

Shares of Yahoo (NASDAQ:YHOO) opened at 41.45 on Wednesday. Yahoo has a 1-year low of $26.15 and a 1-year high of $44.92. The company’s market cap is $39.55 billion. The company’s 50-day moving average price is $41.84 and its 200 day moving average price is $39.95.

Yahoo (NASDAQ:YHOO) last announced 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. The business earned $857 million during the quarter, compared to analyst estimates of $1.31 billion. Yahoo had a negative net margin of 96.74% and a positive return on equity of 0.16%. The company’s quarterly revenue was down 14.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.15 EPS. On average, analysts predict that Yahoo will post $0.58 earnings per share for the current fiscal year.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc boosted its position in Yahoo by 0.7% in the second quarter. NEXT Financial Group Inc now owns 13,450 shares of the digital content provider’s stock worth $505,000 after buying an additional 100 shares during the last quarter. Balter Liquid Alternatives LLC purchased a new position in Yahoo during the first quarter worth $637,000. Boothbay Fund Management LLC boosted its position in Yahoo by 86.6% in the first quarter. Boothbay Fund Management LLC now owns 27,992 shares of the digital content provider’s stock worth $1,030,000 after buying an additional 12,992 shares during the last quarter. Sterneck Capital Management LLC purchased a new position in Yahoo during the first quarter worth $333,000. Finally, Squarepoint Ops LLC boosted its position in Yahoo by 6.4% in the first quarter. Squarepoint Ops LLC now owns 38,946 shares of the digital content provider’s stock worth $1,434,000 after buying an additional 2,359 shares during the last quarter. 73.43% 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.

5 Day Chart for NASDAQ:YHOO

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