Yahoo! Sees Unusually High Options Volume (YHOO)
Shares of Yahoo! (NASDAQ:YHOO) was the recipient of some unusual options trading on Monday. Stock investors purchased 16,906 put options on the company, American Banking and Market News reports. This represents an increase of approximately 127% compared to the average daily volume of 7,441 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 equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Yahoo! has a consensus rating of “Hold” and an average target price of $28.07.
Yahoo! (NASDAQ:YHOO) traded up 1.23% during mid-day trading on Monday, hitting $29.62. 15,817,078 shares of the company’s stock traded hands. Yahoo! has a one year low of $15.55 and a one year high of $30.27. The stock has a 50-day moving average of $27.9 and a 200-day moving average of $25.84. The company has a market cap of $30.222 billion and a P/E ratio of 8.06.
Yahoo! (NASDAQ:YHOO) last announced its earnings results on Tuesday, July 16th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.27 earnings per share. Yahoo!’s revenue was down .9% compared to the same quarter last year. 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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