Yahoo Inc. (YHOO) Rating Increased to Strong-Buy at Vetr Inc.
Yahoo Inc. (NASDAQ:YHOO) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday. The brokerage presently has a $45.84 target price on the digital content provider’s stock. Vetr‘s target price points to a potential upside of 10.19% from the stock’s current price.
Several other research firms have also recently issued reports on YHOO. Bank of America Corp. reaffirmed a “buy” rating and set a $55.00 price target on shares of Yahoo in a research note on Friday, September 23rd. Robert W. Baird reaffirmed a “neutral” rating and set a $42.00 price target on shares of Yahoo in a research note on Friday, September 23rd. SunTrust Banks Inc. reaffirmed a “neutral” rating and set a $42.00 price target on shares of Yahoo in a research note on Thursday, September 22nd. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $55.00 price target (up from $48.00) on shares of Yahoo in a research note on Monday, September 19th. Finally, Citigroup Inc. reaffirmed a “buy” rating on shares of Yahoo in a research note on Monday, September 26th. One equities research analyst has rated the stock with a sell rating, twenty-two have given a hold rating and sixteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $42.91.
Yahoo (NASDAQ:YHOO) opened at 41.60 on Monday. The company has a 50 day moving average of $41.44 and a 200-day moving average of $40.21. The firm’s market cap is $39.69 billion. Yahoo has a one year low of $26.15 and a one year high of $44.92.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $857 million for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the company earned $0.15 EPS. The firm’s revenue for the quarter was down 14.6% compared to the same quarter last year. On average, equities research analysts predict that Yahoo will post $0.58 earnings per share for the current year.
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In other news, CRO Lisa Utzschneider sold 732 shares of the company’s stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $43.94, for a total transaction of $32,164.08. Following the completion of the transaction, the executive now directly owns 605,893 shares in the company, valued at $26,622,938.42. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 9.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of YHOO. Envestnet Asset Management Inc. raised its position in shares of Yahoo by 31.2% in the first quarter. Envestnet Asset Management Inc. now owns 32,756 shares of the digital content provider’s stock worth $1,206,000 after buying an additional 7,791 shares during the period. Squarepoint Ops LLC raised its position in shares of 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 period. NEXT Financial Group Inc raised its position in shares of 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 period. British Columbia Investment Management Corp raised its position in shares of Yahoo by 1.4% in the second quarter. British Columbia Investment Management Corp now owns 549,890 shares of the digital content provider’s stock worth $20,654,000 after buying an additional 7,773 shares during the period. Finally, Exxonmobil Investment Management Inc. TX raised its position in shares of Yahoo by 6.7% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 226,216 shares of the digital content provider’s stock worth $8,497,000 after buying an additional 14,132 shares during the last quarter. Institutional investors own 77.67% of the company’s stock.
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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