Insider Selling: Kenneth A. Goldman Unloads 7,500 Shares of Yahoo! Stock (YHOO)
Yahoo! (NASDAQ:YHOO) CFO Kenneth A. Goldman sold 7,500 shares of the stock on the open market in a transaction dated Friday, August 1st. The shares were sold at an average price of $35.63, for a total transaction of $267,225.00. Following the completion of the sale, the chief financial officer now directly owns 571,173 shares in the company, valued at approximately $20,350,894. The transaction was disclosed in a document filed with the SEC, which is available at this link.
YHOO has been the subject of a number of recent research reports. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of Yahoo! in a research note on Thursday, July 17th. They now have a $39.00 price target on the stock, down previously from $42.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Yahoo! in a research note on Wednesday, July 16th. They now have a $37.00 price target on the stock. Finally, analysts at MKM Partners cut their price target on shares of Yahoo! from $45.00 to $42.00 in a research note on Wednesday, July 16th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and twenty-two have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $39.94.
Shares of Yahoo! (NASDAQ:YHOO) traded down 2.29% on Tuesday, hitting $35.70. 17,616,552 shares of the company’s stock traded hands. Yahoo! has a 1-year low of $26.75 and a 1-year high of $41.72. The stock’s 50-day moving average is $34.87 and its 200-day moving average is $35.94. The company has a market cap of $36.225 billion and a price-to-earnings ratio of 31.50.
Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results on Tuesday, July 15th. The company reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by $0.01. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts expect that Yahoo! will post $1.42 EPS for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO), is a global technology company.
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