Investors Buy High Volume of Put Options on Yahoo! (YHOO)
Yahoo! (NASDAQ:YHOO) was the recipient of some unusual options trading activity on Tuesday. Stock traders bought 48,099 put options on the company, AnalystRatingsNetwork reports. This represents an increase of 240% compared to the average daily volume of 14,150 put options.
A number of research firms have recently commented on YHOO. Analysts at SunTrust raised their price target on shares of Yahoo! (NASDAQ:YHOO) from $31.00 to $34.00 in a research note to investors on Monday. They now have a “neutral” rating on the stock. Separately, analysts at Citigroup Inc. raised their price target on shares of Yahoo! (NASDAQ:YHOO) from $31.00 to $39.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Finally, analysts at Bank of America Corp. raised their price target on shares of Yahoo! (NASDAQ:YHOO) from $29.00 to $38.00 in a research note to investors on Monday. They now have a “buy” rating on the stock. Twenty-two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $29.38.
Shares of Yahoo! (NASDAQ:YHOO) traded up 3.44% during mid-day trading on Tuesday, hitting $34.31. The stock had a trading volume of 28,180,896 shares. Yahoo! has a 52-week low of $15.65 and a 52-week high of $33.85. The stock’s 50-day moving average is $29.04 and its 200-day moving average is $26.55. The company has a market cap of $35.007 billion and a P/E ratio of 9.13.
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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