Insider Selling: Marissa A. Mayer Unloads 36,000 Shares of Yahoo! Stock (YHOO)
Yahoo! (NASDAQ:YHOO) CEO Marissa A. Mayer sold 36,000 shares of the stock on the open market in a transaction dated Thursday, May 15th. The stock was sold at an average price of $33.79, for a total value of $1,216,440.00. Following the completion of the transaction, the chief executive officer now directly owns 2,524,179 shares in the company, valued at approximately $85,292,008. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of research firms have recently commented on YHOO. Analysts at Nomura cut their price target on shares of Yahoo! from $43.00 to $40.00 in a research note on Wednesday, May 14th. Separately, analysts at Ned Davis Research upgraded shares of Yahoo! from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th. Finally, analysts at Ned Davis Research upgraded shares of Yahoo! from a “sell” rating to a “neutral” rating in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and twenty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $39.46.
Shares of Yahoo! (NASDAQ:YHOO) traded up 1.44% during mid-day trading on Monday, hitting $33.89. 14,845,688 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 $34. and its 200-day moving average is $37.07. The company has a market cap of $34.121 billion and a price-to-earnings ratio of 27.86. Yahoo! also was the recipient of a large decline in short interest in 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. Currently, 2.3% of the company’s stock are short sold. Based on an average daily volume of 26,391,903 shares, the days-to-cover ratio is presently 0.8 days.
Yahoo! (NASDAQ:YHOO) last announced its earnings results on Tuesday, April 15th. The company reported $0.38 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.38 earnings per share. Yahoo!’s revenue was up 1.2% compared to the same quarter last year. On average, analysts predict that Yahoo! will post $1.65 earnings per share for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO) is a global technology company.
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