Investors Purchase Large Volume of Yahoo! Call Options (YHOO)
Yahoo! (NASDAQ:YHOO) saw unusually large options trading activity on Monday. Stock traders bought 35,797 call options on the company, AR Network reports. This is an increase of 124% compared to the average daily volume of 15,994 call options.
Several analysts have recently commented on the stock. 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 investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $28.07.
Shares of Yahoo! (NASDAQ:YHOO) traded up 1.23% on Monday, hitting $29.62. The stock had a trading volume of 15,814,928 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 $30.222 billion and a price-to-earnings ratio of 8.06.
Yahoo! (NASDAQ:YHOO) last announced its 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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