Jefferies Group LLC reaffirmed their hold rating on shares of Yahoo! Inc. (NASDAQ:YHOO) in a report released on Tuesday morning. They currently have a $48.00 price target on the digital content provider’s stock.
“Yahoo! core turned in a good quarter as it continues to ready itself to be acquired by Verizon. The terms of the deal have not changed and YHOO remains confident that the deal will close by April 24th. No new information was shared around how Altaba plans to monetize its stake in Yahoo Japan or Alibaba. Also, no new information was shared around how cash will be returned to shareholders following the completion of the sale.”,” the firm’s analyst wrote.
Several other equities research analysts also recently commented on the stock. B. Riley restated a neutral rating and issued a $44.00 target price on shares of Yahoo! in a research note on Wednesday, October 19th. Pivotal Research restated a hold rating and issued a $41.00 target price on shares of Yahoo! in a research note on Tuesday. RBC Capital Markets reduced their target price on shares of Yahoo! from $45.00 to $43.00 and set a sector perform rating on the stock in a research note on Tuesday. Evercore ISI restated a hold rating and issued a $39.00 target price on shares of Yahoo! in a research note on Wednesday, December 21st. Finally, Mizuho restated an in-line rating and issued a $42.00 target price on shares of Yahoo! in a research note on Tuesday. One analyst has rated the stock with a sell rating, twenty-four have issued a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $42.86.
Shares of Yahoo! (NASDAQ:YHOO) traded up 1.87% during trading on Tuesday, hitting $44.72. 4,118,870 shares of the stock traded hands. The company’s market cap is $42.67 billion. The company has a 50 day moving average of $40.60 and a 200-day moving average of $41.21. Yahoo! has a 1-year low of $26.15 and a 1-year high of $44.92.
Yahoo! (NASDAQ:YHOO) last announced its quarterly earnings results on Monday, January 23rd. The digital content provider reported $0.25 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. The firm had revenue of $960.10 million for the quarter, compared to analyst estimates of $1.38 billion. Yahoo! had a negative net margin of 4.15% and a positive return on equity of 0.65%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, equities analysts anticipate that Yahoo! will post $0.64 EPS for the current fiscal year.
In other Yahoo! news, CRO Lisa Utzschneider sold 683 shares of the business’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $41.13, for a total value of $28,091.79. Following the transaction, the executive now directly owns 597,297 shares of the company’s stock, valued at $24,566,825.61. The sale was disclosed in a legal filing with the SEC, which is available through this link. Over the last three months, insiders sold 3,579 shares of company stock worth $144,510. Insiders own 9.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of YHOO. World Asset Management Inc raised its position in shares of Yahoo! by 1.5% in the second quarter. World Asset Management Inc now owns 86,017 shares of the digital content provider’s stock valued at $3,231,000 after buying an additional 1,241 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Yahoo! by 3.2% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 134,153 shares of the digital content provider’s stock valued at $5,039,000 after buying an additional 4,099 shares in the last quarter. Aberdeen Asset Management PLC UK increased its stake in Yahoo! by 0.9% in the second quarter. Aberdeen Asset Management PLC UK now owns 233,982 shares of the digital content provider’s stock valued at $8,788,000 after buying an additional 2,085 shares in the last quarter. Concert Wealth Management Inc. increased its stake in Yahoo! by 1.7% in the second quarter. Concert Wealth Management Inc. now owns 53,908 shares of the digital content provider’s stock valued at $2,040,000 after buying an additional 894 shares in the last quarter. Finally, Kalos Management Inc. purchased a new stake in Yahoo! during the second quarter valued at approximately $573,000. 78.51% of the stock is currently owned by hedge funds and other institutional investors.
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.