Today: Yahoo Inc. (YHOO) Price Target Increased to $51.00 by Analysts at MKM Partners

Today: Yahoo Inc. (YHOO) Price Target Increased to $51.00 by Analysts at MKM Partners

Yahoo Inc. (NASDAQ:YHOO) had its price target increased by equities researchers at MKM Partners from $44.00 to $51.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the digital content provider’s stock. MKM Partners’ price objective points to a potential upside of 23.07% from the company’s current price.

A number of other research analysts have also recently weighed in on the company. Credit Suisse Group AG set a $52.00 target price on Yahoo and gave the company a “neutral” rating in a report on Monday. Vetr cut Yahoo from a “buy” rating to a “hold” rating and set a $45.56 price objective on the stock. in a research note on Tuesday, October 11th. SunTrust Banks Inc. restated a “neutral” rating and set a $42.00 price objective on shares of Yahoo in a research note on Saturday, October 8th. Citigroup Inc. restated a “buy” rating on shares of Yahoo in a research note on Monday, September 26th. Finally, Robert W. Baird restated a “neutral” rating and set a $42.00 price objective on shares of Yahoo in a research note on Friday, September 23rd. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $41.04.

Yahoo (NASDAQ:YHOO) traded up 0.760% on Monday, hitting $41.755. 1,814,329 shares of the company’s stock were exchanged. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The stock’s market cap is $39.74 billion. The firm has a 50 day moving average price of $43.17 and a 200-day moving average price of $39.18.

Yahoo (NASDAQ:YHOO) last issued its earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The firm earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $0.16 EPS. Yahoo’s revenue was down 19.3% compared to the same quarter last year. Analysts predict that Yahoo will post $0.49 earnings per share for the current fiscal year.

In other news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction that occurred on Monday, August 22nd. The shares were 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 owns 612,081 shares of the company’s stock, valued at $26,221,550.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 9.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its stake in shares of Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock worth $100,000 after buying an additional 1,044 shares in the last quarter. PineBridge Investments L.P. bought a new stake in shares of Yahoo during the second quarter worth $125,000. MCF Advisors LLC raised its stake 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 worth $150,000 after buying an additional 1,740 shares in the last quarter. Glenmede Trust Co. NA raised its stake 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 worth $169,000 after buying an additional 120 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Yahoo during the second quarter worth $199,000. 73.86% of the stock is owned by institutional investors and hedge funds.

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