Vetr lowered shares of Yahoo! Inc. (NASDAQ:YHOO) from a buy rating to a hold rating in a report issued on Tuesday. Vetr currently has $44.20 price target on the digital content provider’s stock.
A number of other equities analysts also recently commented on YHOO. B. Riley reissued a neutral rating and set a $44.00 price objective on shares of Yahoo! in a research report on Tuesday. JMP Securities reaffirmed a market perform rating on shares of Yahoo! in a report on Tuesday. Needham & Company LLC reaffirmed a hold rating on shares of Yahoo! in a report on Tuesday. Bank of America Corporation reaffirmed a buy rating and issued a $55.00 price target on shares of Yahoo! in a report on Friday, November 11th. Finally, Susquehanna reaffirmed a positive rating and issued a $48.00 price target on shares of Yahoo! in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and thirteen have issued a buy rating to the company. Yahoo! presently has a consensus rating of Hold and an average target price of $42.86.
Yahoo! (NASDAQ:YHOO) traded up 2.07% during trading on Tuesday, reaching $44.81. 2,868,247 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $40.60 and a 200-day moving average of $41.21. The stock’s market capitalization is $42.75 billion. Yahoo! has a 52 week low of $26.15 and a 52 week high of $44.92.
Yahoo! (NASDAQ:YHOO) last announced its quarterly earnings data on Monday, January 23rd. The digital content provider reported $0.25 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.04. Yahoo! had a positive return on equity of 0.65% and a negative net margin of 4.15%. The business earned $960.10 million during the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. On average, equities research analysts anticipate that Yahoo! will post $0.64 EPS for the current year.
In other Yahoo! news, CRO Lisa Utzschneider sold 683 shares of Yahoo! stock in a transaction on Tuesday, November 1st. The stock was sold at an average price of $41.13, for a total transaction of $28,091.79. Following the sale, the executive now owns 597,297 shares of the company’s stock, valued at approximately $24,566,825.61. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 3,579 shares of company stock worth $144,510 in the last ninety days. 9.20% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in the stock. Quadrant Capital Group LLC increased 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 valued at $100,000 after buying an additional 1,044 shares during the last quarter. PineBridge Investments L.P. purchased a new stake in Yahoo! during the second quarter worth approximately $125,000. Edmond DE Rothschild Monaco purchased a new stake in Yahoo! during the third quarter worth approximately $129,000. MCF Advisors LLC increased its stake in 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, Picton Mahoney Asset Management purchased a new stake in Yahoo! during the second quarter worth approximately $199,000. 78.51% of the stock is currently owned by hedge funds and other 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.
To view Vetr’s full report, visit Vetr’s official website.