Stock Traders Buy High Volume of Call Options on Yahoo! (YHOO)
Yahoo! (NASDAQ:YHOO) was the target of some unusual options trading on Thursday. Investors acquired 45,078 call options on the company, American Banking & Market News reports. This is an increase of 172% compared to the average volume of 16,543 call options.
A number of research firms have recently commented on YHOO. Analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! (NASDAQ:YHOO) in a research note to investors on Tuesday, September 3rd. Separately, analysts at Thomson Reuters/Verus downgraded shares of Yahoo! (NASDAQ:YHOO) from a “buy” rating to a “hold” rating in a research note to investors on Monday, September 2nd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Yahoo! (NASDAQ:YHOO) in a research note to investors on Tuesday, August 27th. They now have a $29.00 price target on the stock.
Twenty-two research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Yahoo! currently has an average rating of “Hold” and a consensus price target of $28.07.
Shares of Yahoo! (NASDAQ:YHOO) traded up 1.58% on Thursday, hitting $29.65. The stock had a trading volume of 22,019,260 shares. Yahoo! has a 52 week low of $15.37 and a 52 week high of $29.83. The stock’s 50-day moving average is $27.82 and its 200-day moving average is $25.66. The company has a market cap of $30.253 billion and a price-to-earnings ratio of 8.04.
Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results on Tuesday, July 16th. The company reported $0.35 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.04. The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts predict that Yahoo! will post $1.47 earnings per share for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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