Yahoo Inc. (NASDAQ:YHOO) was downgraded by Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They presently have a $45.56 target price on the digital content provider’s stock. Vetr‘s price target would suggest a potential upside of 7.55% from the stock’s current price.
Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Yahoo from a “hold” rating to a “strong sell” rating in a report on Friday, July 22nd. Jefferies Group reaffirmed a “buy” rating and set a $43.00 target price on shares of Yahoo in a report on Monday, July 25th. Bank of America Corp. reaffirmed a “buy” rating and set a $48.00 target price on shares of Yahoo in a report on Monday, July 25th. Oppenheimer Holdings Inc. reaffirmed an “outperform” rating and set a $49.00 target price on shares of Yahoo in a report on Wednesday, July 20th. Finally, Morgan Stanley downgraded Yahoo from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $46.00 to $42.00 in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have assigned a buy rating to the stock. Yahoo presently has an average rating of “Hold” and a consensus target price of $40.67.
Yahoo (NASDAQ:YHOO) opened at 42.36 on Tuesday. The company’s market capitalization is $40.32 billion. Yahoo has a 1-year low of $26.15 and a 1-year high of $44.92. The firm has a 50-day moving average price of $43.20 and a 200 day moving average price of $39.12.
Yahoo (NASDAQ:YHOO) last issued its quarterly earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.01. The business earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. Yahoo’s revenue was down 19.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.16 EPS. On average, equities analysts predict that Yahoo will post $0.49 EPS for the current year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $42.84, for a total transaction of $31,358.88. Following the completion of the sale, the executive now directly owns 612,081 shares of the company’s stock, valued at approximately $26,221,550.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 9.20% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Virginia Retirement System bought a new stake in Yahoo during the first quarter worth $535,000. Ngam Advisors L.P. boosted its stake in Yahoo by 7.5% in the first quarter. Ngam Advisors L.P. now owns 15,092 shares of the digital content provider’s stock worth $556,000 after buying an additional 1,055 shares during the last quarter. NN Investment Partners Holdings N.V. bought a new stake in Yahoo during the first quarter worth $206,000. A.R. Schmeidler & Co. Inc. boosted its stake in Yahoo by 19.6% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 14,585 shares of the digital content provider’s stock worth $537,000 after buying an additional 2,390 shares during the last quarter. Finally, Aviva PLC boosted its stake in Yahoo by 1.0% in the first quarter. Aviva PLC now owns 448,160 shares of the digital content provider’s stock worth $16,497,000 after buying an additional 4,599 shares during the last quarter. 73.66% of the stock is owned by institutional investors.
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.