Yahoo Inc. (NASDAQ:YHOO) was downgraded by research analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Monday. They currently have a $45.91 target price on the digital content provider’s stock. Vetr‘s price target would suggest a potential upside of 12.33% from the company’s current price.
YHOO has been the topic of several other reports. Nomura restated a “neutral” rating and set a $45.00 target price (up from $39.00) on shares of Yahoo in a research report on Wednesday, October 19th. Oppenheimer Holdings Inc. restated an “outperform” rating and set a $54.00 target price (down from $55.00) on shares of Yahoo in a research report on Sunday, October 23rd. Citigroup Inc. restated a “buy” rating on shares of Yahoo in a research report on Monday, September 26th. Piper Jaffray Cos. reiterated an “overweight” rating and set a $44.00 price target on shares of Yahoo in a report on Saturday, October 22nd. Finally, Jefferies Group reiterated a “buy” rating on shares of Yahoo in a report on Monday, July 11th. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $42.91.
Shares of Yahoo (NASDAQ:YHOO) traded down 0.22% during mid-day trading on Monday, reaching $40.87. 2,586,908 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $41.49 and a 200 day moving average price of $40.13. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The firm’s market capitalization is $39.00 billion.
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, beating the consensus estimate of $0.14 by $0.06. The firm had revenue of $857 million for the quarter, compared to analysts’ expectations of $1.31 billion. Yahoo had a negative net margin of 96.74% and a positive return on equity of 0.16%. The business’s revenue was down 14.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.15 EPS. Analysts anticipate that Yahoo will post $0.58 EPS for the current fiscal year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $41.20, for a total transaction of $30,158.40. Following the completion of the transaction, the executive now owns 593,518 shares in the company, valued at approximately $24,452,941.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 9.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. AXA boosted its position in shares of Yahoo by 0.5% in the first quarter. AXA now owns 144,013 shares of the digital content provider’s stock valued at $5,301,000 after buying an additional 700 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of Yahoo by 5.4% in the first quarter. Nuveen Asset Management LLC now owns 59,618 shares of the digital content provider’s stock valued at $2,195,000 after buying an additional 3,033 shares during the last quarter. National Pension Service boosted its position in shares of Yahoo by 4.0% in the first quarter. National Pension Service now owns 536,548 shares of the digital content provider’s stock valued at $19,750,000 after buying an additional 20,645 shares during the last quarter. Zurich Insurance Group Ltd FI bought a new position in shares of Yahoo during the first quarter valued at about $4,154,000. Finally, Legal & General Group Plc boosted its position in shares of Yahoo by 4.2% in the first quarter. Legal & General Group Plc now owns 3,837,177 shares of the digital content provider’s stock valued at $141,245,000 after buying an additional 155,635 shares during the last quarter. Institutional investors and hedge funds own 73.62% 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.