Insider Selling: Yahoo! CEO Sells 36,000 Shares of Stock (YHOO)
Yahoo! (NASDAQ:YHOO) CEO Marissa A. Mayer sold 36,000 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $37.51, for a total transaction of $1,350,360.00. Following the transaction, the chief executive officer now directly owns 2,313,307 shares in the company, valued at approximately $86,772,146. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Yahoo! from a “neutral” rating to an “underperform” rating in a research note on Wednesday, August 6th. They now have a $32.00 price target on the stock. Separately, 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. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $39.77.
Shares of Yahoo! (NASDAQ:YHOO) traded down 0.87% during mid-day trading on Wednesday, hitting $37.50. 12,670,259 shares of the company’s stock traded hands. Yahoo! has a one year low of $26.75 and a one year high of $41.72. The stock’s 50-day moving average is $35.57 and its 200-day moving average is $35.84. The company has a market cap of $37.298 billion and a price-to-earnings ratio of 32.70.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.37 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.35 earnings per share. Yahoo!’s revenue was down 2.9% compared to the same quarter last year. On average, analysts predict that Yahoo! will post $1.42 earnings per share for the current fiscal year.
Yahoo! Inc (NASDAQ:YHOO), is a global technology company.
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