Yahoo Inc. (NASDAQ:YHOO) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The firm currently has a $45.84 price objective on the digital content provider’s stock. Vetr‘s price objective would suggest a potential upside of 12.16% from the stock’s current price.
Several other equities research analysts have also recently issued reports on the company. Bank of America Corp. reiterated a “buy” rating and issued a $55.00 price objective on shares of Yahoo in a report on Friday, November 11th. Needham & Company LLC reiterated a “hold” rating on shares of Yahoo in a report on Monday, October 31st. B. Riley reiterated a “neutral” rating and issued a $44.00 price objective on shares of Yahoo in a report on Monday, October 24th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $54.00 price objective (down from $55.00) on shares of Yahoo in a report on Sunday, October 23rd. Finally, Piper Jaffray Cos. reiterated an “overweight” rating and issued a $44.00 price objective on shares of Yahoo in a report on Saturday, October 22nd. One analyst has rated the stock with a sell rating, twenty-two have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $42.91.
Yahoo (NASDAQ:YHOO) traded up 1.42% on Monday, hitting $41.45. The stock had a trading volume of 6,836,364 shares. The stock’s market cap is $39.55 billion. The firm’s 50 day moving average price is $41.44 and its 200-day moving average price is $40.21. 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. Yahoo had a positive return on equity of 0.16% and a negative net margin of 96.74%. The firm had revenue of $857 million for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned $0.15 EPS. The company’s quarterly revenue was down 14.6% on a year-over-year basis. On average, analysts forecast that Yahoo will post $0.58 EPS for the current year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the 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 transaction, the executive now owns 593,518 shares of the company’s stock, valued at $24,452,941.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Canyon Capital Advisors LLC increased its position in Yahoo by 66.9% in the second quarter. Canyon Capital Advisors LLC now owns 18,572,403 shares of the digital content provider’s stock worth $697,579,000 after buying an additional 7,445,247 shares in the last quarter. Mason Capital Management LLC acquired a new position in shares of Yahoo during the third quarter worth approximately $244,343,000. BNP Paribas Arbitrage SA increased its position in shares of Yahoo by 251.9% in the third quarter. BNP Paribas Arbitrage SA now owns 2,983,410 shares of the digital content provider’s stock worth $128,585,000 after buying an additional 2,135,530 shares in the last quarter. Cibc World Markets Corp increased its position in shares of Yahoo by 3,359.3% in the second quarter. Cibc World Markets Corp now owns 1,963,888 shares of the digital content provider’s stock worth $73,764,000 after buying an additional 1,907,116 shares in the last quarter. Finally, Voloridge Investment Management LLC acquired a new position in shares of Yahoo during the second quarter worth approximately $55,000,000. 77.67% of the stock is currently owned by institutional investors.
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.