Yahoo! CFO Sells $562,500 in Stock (YHOO)
Yahoo! (NASDAQ:YHOO) CFO Kenneth A. Goldman sold 15,000 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $37.50, for a total value of $562,500.00. Following the completion of the transaction, the chief financial officer now directly owns 571,173 shares in the company, valued at approximately $21,418,988. The sale was disclosed in a filing with the SEC, which is available at this link.
YHOO has been the subject of a number of recent research reports. 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 investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $39.77.
Yahoo! (NASDAQ:YHOO) opened at 37.64 on Friday. Yahoo! has a 52 week low of $26.75 and a 52 week high of $41.72. The stock has a 50-day moving average of $35.62 and a 200-day moving average of $35.86. The company has a market cap of $37.437 billion and a P/E ratio of 32.41. Yahoo! also saw some unusual options trading on Thursday. Stock investors bought 224,664 call options on the company. This is an increase of 167% compared to the typical volume of 84,052 call options.
Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, July 15th. The company reported $0.37 EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue 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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