Vetr Inc. Lowers Yahoo Inc. (YHOO) to Buy
Yahoo Inc. (NASDAQ:YHOO) was downgraded by investment analysts at Vetr from a “strong-buy” rating to a “buy” rating in a note issued to investors on Tuesday. They presently have a $45.81 price objective on the digital content provider’s stock. Vetr‘s target price points to a potential upside of 12.09% from the stock’s current price.
A number of other analysts also recently weighed in on the stock. Nomura reaffirmed a “neutral” rating and set a $45.00 price target (up previously from $39.00) on shares of Yahoo in a report on Wednesday, October 19th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $54.00 price target (down previously from $55.00) on shares of Yahoo in a report on Sunday, October 23rd. Citigroup Inc. reaffirmed a “buy” rating on shares of Yahoo in a report on Monday, September 26th. Piper Jaffray Cos. reaffirmed an “overweight” rating and set a $44.00 price target on shares of Yahoo in a report on Saturday, October 22nd. Finally, Zacks Investment Research raised shares of Yahoo from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Friday, October 21st. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have issued a buy rating to the stock. Yahoo currently has a consensus rating of “Hold” and a consensus price target of $42.91.
Shares of Yahoo (NASDAQ:YHOO) opened at 41.45 on Tuesday. The firm’s 50-day moving average is $41.44 and its 200-day moving average is $40.21. The firm’s market cap is $39.55 billion. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92.
Yahoo (NASDAQ:YHOO) last announced its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.06. Yahoo had a negative net margin of 96.74% and a positive return on equity of 0.16%. The firm had revenue of $857 million for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the business posted $0.15 EPS. The business’s revenue was down 14.6% compared to the same quarter last year. Analysts predict that Yahoo will post $0.58 earnings per share for the current fiscal year.
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In other news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $43.94, for a total value of $32,164.08. Following the completion of the transaction, the executive now owns 605,893 shares in the company, valued at $26,622,938.42. 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 insiders.
Several institutional investors have recently bought and sold shares 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 valued at $100,000 after buying an additional 1,044 shares during the last quarter. Edmond DE Rothschild Monaco purchased a new position in shares of Yahoo during the third quarter valued at approximately $129,000. PineBridge Investments L.P. purchased a new position in shares of Yahoo during the second quarter valued at approximately $125,000. MCF Advisors LLC boosted its position in shares of Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock valued at $150,000 after buying an additional 1,740 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock valued at $169,000 after buying an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 77.67% of the company’s stock.
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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