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Yahoo! (NASDAQ:YHOO) was upgraded by equities research analysts at Ned Davis Research from a “sell” rating to a “neutral” rating in a research note issued to investors on Monday, Analyst Ratings Network.com reports.

Shares of Yahoo! (NASDAQ:YHOO) traded up 2.04% during mid-day trading on Monday, hitting $34.45. 22,523,806 shares of the company’s stock traded hands. Yahoo! has a 52-week low of $23.82 and a 52-week high of $41.72. The stock’s 50-day moving average is $35.24 and its 200-day moving average is $36.99. The company has a market cap of $35.532 billion and a price-to-earnings ratio of 28.16. Yahoo! also saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 21,082,452 shares, a decline of 14.2% from the April 15th total of 24,575,586 shares. Based on an average daily trading volume, of 26,391,903 shares, the short-interest ratio is currently 0.8 days. Currently, 2.3% of the company’s stock are sold short.

Yahoo! (NASDAQ:YHOO) last released its earnings data on Tuesday, April 15th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.37 by $0.01. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. Analysts expect that Yahoo! will post $1.65 EPS for the current fiscal year.

In other Yahoo! news, CFO Kenneth Goldman unloaded 7,500 shares of the stock on the open market in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $36.90, for a total value of $276,750.00. Following the completion of the transaction, the chief financial officer now directly owns 589,133 shares in the company, valued at approximately $21,739,008. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of other firms have also recently commented on YHOO. Analysts at Scotiabank reiterated a “buy” rating on shares of Yahoo! in a research note on Thursday, April 17th. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Yahoo! in a research note on Thursday, April 17th. They now have a $38.00 price target on the stock. Finally, analysts at Raymond James reiterated an “outperform” rating on shares of Yahoo! in a research note on Wednesday, April 16th. They now have a $43.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. Yahoo! has an average rating of “Buy” and a consensus price target of $39.74.

Yahoo! Inc (NASDAQ:YHOO) is a global technology company.

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