Mizuho reiterated their in-line rating on shares of Yahoo! Inc. (NASDAQ:YHOO) in a research note issued to investors on Tuesday. The firm currently has a $42.00 price target on the digital content provider’s stock.
Several other equities analysts have also recently issued reports on the company. Citigroup Inc. reaffirmed a buy rating on shares of Yahoo! in a report on Monday, September 26th. Piper Jaffray Companies reaffirmed an overweight rating and set a $44.00 price objective on shares of Yahoo! in a report on Saturday, October 22nd. Zacks Investment Research raised Yahoo! from a hold rating to a buy rating and set a $47.00 price objective for the company in a report on Friday, October 21st. Vetr raised Yahoo! from a buy rating to a strong-buy rating and set a $45.84 price objective for the company in a report on Monday, November 28th. Finally, MKM Partners lifted their price objective on Yahoo! from $44.00 to $51.00 and gave the stock a buy rating in a report on Monday, October 17th. One investment analyst has rated the stock with a sell rating, twenty-four have given a hold rating and thirteen have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $42.86.
Shares of Yahoo! (NASDAQ:YHOO) traded up 2.084% during mid-day trading on Tuesday, reaching $44.815. The company’s stock had a trading volume of 3,620,070 shares. Yahoo! has a 1-year low of $26.15 and a 1-year high of $44.92. The company’s 50-day moving average is $40.60 and its 200 day moving average is $41.21. The firm’s market capitalization is $42.76 billion.
Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results on Monday, January 23rd. The digital content provider reported $0.25 earnings per share for the quarter, beating 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 firm had revenue of $960.10 million for the quarter, compared to the consensus estimate of $1.38 billion. During the same period in the previous year, the business earned $0.13 earnings per share. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. On average, analysts expect that Yahoo! will post $0.64 earnings per share for the current year.
In related news, CRO Lisa Utzschneider sold 683 shares of the 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 completion of the sale, the executive now directly owns 597,297 shares in the company, valued at $24,566,825.61. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last quarter, insiders have sold 3,579 shares of company stock valued at $144,510. 9.20% of the stock is owned by corporate insiders.
Several hedge funds have recently made changes to their positions in YHOO. Quadrant Capital Group LLC increased its position in 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. acquired a new position in Yahoo! during the second quarter valued at approximately $125,000. Edmond DE Rothschild Monaco acquired a new position in Yahoo! during the third quarter valued at approximately $129,000. MCF Advisors LLC increased its position in Yahoo! by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock valued at $150,000 after buying an additional 1,740 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in Yahoo! during the second quarter valued at approximately $199,000. Institutional investors and hedge funds own 78.51% 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.