Trade Report: Today, Vetr Inc. Downgraded Yahoo Inc. (YHOO) to Buy

Today, Vetr Inc. Downgraded Yahoo Inc. (YHOO) to Buy

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 on Tuesday. They presently have a $45.81 target price on the digital content provider’s stock. Vetr‘s price target would indicate a potential upside of 12.09% from the stock’s current price.

Several other research firms also recently weighed in on YHOO. Bank of America Corp. restated a “buy” rating and issued a $53.00 price objective (up from $50.00) on shares of Yahoo in a report on Tuesday, August 23rd. MKM Partners lifted their price objective on Yahoo from $44.00 to $51.00 and gave the company a “buy” rating in a report on Monday, October 17th. Jefferies Group downgraded Yahoo from a “buy” rating to a “hold” rating and lifted their price objective for the company from $43.00 to $48.00 in a report on Friday, October 21st. SunTrust Banks Inc. restated a “neutral” rating on shares of Yahoo in a report on Friday, September 30th. Finally, Oppenheimer Holdings Inc. restated an “outperform” rating and issued a $55.00 price objective (up from $48.00) on shares of Yahoo in a report on Monday, September 19th. One analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $42.91.

Yahoo (NASDAQ:YHOO) opened at 41.45 on Tuesday. The firm’s 50-day moving average is $41.44 and its 200 day moving average is $40.21. Yahoo has a 1-year low of $26.15 and a 1-year high of $44.92. The company’s market cap is $39.55 billion.

Yahoo (NASDAQ:YHOO) last released its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. Yahoo had a positive return on equity of 0.16% and a negative net margin of 96.74%. The business earned $857 million during the quarter, compared to the consensus estimate of $1.31 billion. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was down 14.6% compared to the same quarter last year. Analysts predict that Yahoo will post $0.58 earnings per share for the current fiscal year.

In other news, CRO Lisa Utzschneider sold 732 shares of the stock in a transaction on Tuesday, November 22nd. The stock was 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 directly owns 593,518 shares in the company, valued at approximately $24,452,941.60. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 9.20% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in YHOO. Checchi Capital Advisers LLC boosted its position in Yahoo by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 6,751 shares of the digital content provider’s stock worth $254,000 after buying an additional 68 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its position in Yahoo by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 27,720 shares of the digital content provider’s stock worth $1,195,000 after buying an additional 70 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Yahoo by 1.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,724 shares of the digital content provider’s stock worth $247,000 after buying an additional 74 shares in the last quarter. Stratos Wealth Partners LTD. boosted its position in Yahoo by 0.8% in the second quarter. Stratos Wealth Partners LTD. now owns 10,504 shares of the digital content provider’s stock worth $395,000 after buying an additional 85 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its position in 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 in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

Yahoo Company Profile

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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