Investors Buy High Volume of Yahoo! Put Options (YHOO)
Yahoo! (NASDAQ:YHOO) was the target of some unusual options trading on Friday. Stock traders purchased 21,311 put options on the company, AnalystRatingsNetwork reports. This represents an increase of approximately 183% compared to the average daily volume of 7,535 put 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 given a buy rating to the company’s stock. Yahoo! presently has a consensus rating of “Hold” and an average price target of $28.07.
Yahoo! (NASDAQ:YHOO) traded down 1.32% on Friday, hitting $29.26. The stock had a trading volume of 13,838,827 shares. Yahoo! has a one year low of $15.55 and a one year high of $30.27. The stock’s 50-day moving average is $27.90 and its 200-day moving average is $25.75. The company has a market cap of $29.855 billion and a P/E ratio of 8.16.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, July 16th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter 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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