Traders Buy High Volume of Yahoo! Call Options (YHOO)
Yahoo! (NASDAQ:YHOO) was the recipient of unusually large options trading activity on Friday. Stock traders bought 77,781 call options on the company, AR Network reports. This is an increase of 180% compared to the typical volume of 27,786 call options.
YHOO has been the subject of a number of recent research reports. Analysts at UBS AG set a $37.00 price target on shares of Yahoo! (NASDAQ:YHOO) in a research note to investors on Friday. They now have a “buy” rating on the stock. They noted that the move was a valuation call. Separately, analysts at TheStreet reiterated a “buy” rating on shares of Yahoo! (NASDAQ:YHOO) in a research note to investors on Wednesday. Finally, analysts at CRT Capital initiated coverage on shares of Yahoo! (NASDAQ:YHOO) in a research note to investors on Thursday, September 19th. They set a “fair value” rating on the stock. Twenty-two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $28.69.
Shares of Yahoo! (NASDAQ:YHOO) traded up 2.44% during mid-day trading on Friday, hitting $33.55. 31,786,200 shares of the company’s stock traded hands. Yahoo! has a 52 week low of $15.65 and a 52 week high of $33.00. The stock has a 50-day moving average of $28.69 and a 200-day moving average of $26.31. The company has a market cap of $34.232 billion and a price-to-earnings ratio of 9.02.
Yahoo! (NASDAQ:YHOO) last announced its earnings results 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 prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis.
Yahoo! Inc (NASDAQ:YHOO) is a digital media company.
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