Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “neutral” rating restated by analysts at SunTrust Banks Inc. in a research note issued on Saturday. They presently have a $42.00 price target on the digital content provider’s stock. SunTrust Banks Inc.’s price target would suggest a potential downside of 2.82% from the company’s previous close.
Several other brokerages have also recently commented on YHOO. Bank of America Corp. restated a “buy” rating and set a $48.00 target price on shares of Yahoo in a report on Sunday, July 17th. Vetr cut shares of Yahoo from a “hold” rating to a “sell” rating and set a $41.12 price target for the company. in a research note on Wednesday, August 24th. RBC Capital Markets reiterated a “sector perform” rating and issued a $29.00 price target on shares of Yahoo in a research note on Monday, August 1st. Royal Bank Of Canada increased their price target on shares of Yahoo from $38.00 to $39.00 and gave the company a “sector perform” rating in a research note on Tuesday, July 19th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $55.00 price target (up previously from $48.00) on shares of Yahoo in a research note on Monday, September 19th. Three analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $40.61.
Shares of Yahoo (NASDAQ:YHOO) opened at 43.22 on Friday. The company has a 50-day moving average of $43.17 and a 200-day moving average of $38.95. Yahoo has a 1-year low of $26.15 and a 1-year high of $44.92. The company’s market cap is $41.14 billion.
Yahoo (NASDAQ:YHOO) last announced its earnings results on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The business had revenue of $842 million for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the company posted $0.16 EPS. The business’s revenue for the quarter was down 19.3% compared to the same quarter last year. Equities analysts forecast that Yahoo will post $0.49 EPS for the current year.
In other news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $42.84, for a total value of $31,358.88. Following the completion of the sale, the executive now owns 612,081 shares in the company, valued at approximately $26,221,550.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 9.20% of the stock is currently owned by insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC raised its stake 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 in the last quarter. PineBridge Investments L.P. acquired a new stake in shares of Yahoo during the second quarter worth approximately $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 during the period. 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 during the period. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Yahoo during the second quarter worth approximately $199,000. Institutional investors own 73.65% of the company’s stock.