Yahoo Inc. (NASDAQ:YHOO) was upgraded by equities researchers at Vetr from a “buy” rating to a “strong-buy” rating in a research report issued on Wednesday. The brokerage currently has a $45.87 price target on the digital content provider’s stock. Vetr‘s price target points to a potential upside of 12.23% from the company’s previous close.
Several other research analysts also recently issued reports on the stock. Nomura reissued a “neutral” rating and set a $45.00 price objective (up from $39.00) on shares of Yahoo in a research report on Wednesday, October 19th. Oppenheimer Holdings Inc. reissued an “outperform” rating and set a $54.00 price objective (down from $55.00) on shares of Yahoo in a research report on Sunday, October 23rd. Citigroup Inc. reissued a “buy” rating on shares of Yahoo in a research report on Monday, September 26th. Piper Jaffray Cos. reissued an “overweight” rating and set a $44.00 price objective on shares of Yahoo in a research report on Saturday, October 22nd. Finally, Jefferies Group reissued a “buy” rating on shares of Yahoo in a research report on Monday, July 18th. One equities research 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 stock. The company currently has an average rating of “Hold” and an average price target of $42.91.
Shares of Yahoo (NASDAQ:YHOO) traded down 0.22% on Wednesday, hitting $40.87. 2,586,908 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $41.49 and its 200 day moving average price is $40.13. The stock’s market cap is $39.00 billion. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92.
Yahoo (NASDAQ:YHOO) last posted its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. The firm had revenue of $857 million for the quarter, compared to the consensus estimate of $1.31 billion. Yahoo had a negative net margin of 96.74% and a positive return on equity of 0.16%. The company’s revenue was down 14.6% on a year-over-year basis. During the same period last year, the firm posted $0.15 EPS. On average, equities analysts predict that Yahoo will post $0.58 earnings per share for the current fiscal year.
In related news, CRO Lisa Utzschneider sold 732 shares of the stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $41.20, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 9.20% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC raised its position 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 position in shares of Yahoo during the second quarter worth about $125,000. Edmond DE Rothschild Monaco bought a new position in shares of Yahoo during the third quarter worth about $129,000. MCF Advisors LLC raised its position 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. Finally, Glenmede Trust Co. NA raised its position 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. Hedge funds and other institutional investors 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.