Stock Traders Purchase High Volume of Put Options on Yahoo! (YHOO)
Yahoo! (NASDAQ:YHOO) saw some unusual options trading on Thursday. Investors acquired 14,147 put options on the company, ARN reports. This represents an increase of approximately 105% compared to the typical daily volume of 6,903 put options.
A number of analysts have recently weighed in on YHOO shares. 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 analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $28.07.
Yahoo! (NASDAQ:YHOO) traded up 1.58% during mid-day trading on Thursday, hitting $29.65. The stock had a trading volume of 22,060,634 shares. Yahoo! has a one year low of $15.55 and a one year 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 P/E ratio of 8.04.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data 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. Analysts expect that Yahoo! will post $1.47 EPS for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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