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Yahoo! (NASDAQ:YHOO)‘s stock had its “buy” rating reaffirmed by equities researchers at Cantor Fitzgerald in a research report issued on Wednesday.

Shares of Yahoo! (NASDAQ:YHOO) traded up 1.03% during mid-day trading on Wednesday, hitting $38.18. 24,776,300 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 $35.78 and its 200-day moving average is $35.9. The company has a market cap of $37.974 billion and a P/E ratio of 32.66. Yahoo! also saw a large decline in short interest in the month of August. As of August 15th, there was short interest totalling 27,976,174 shares, a decline of 11.2% from the July 31st total of 31,509,962 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average daily trading volume, of 12,670,670 shares, the days-to-cover ratio is currently 2.2 days.

Yahoo! (NASDAQ:YHOO) last posted its quarterly earnings results 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.

In other Yahoo! news, CEO Marissa A. Mayer unloaded 36,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $37.51, for a total value of $1,350,360.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

A number of other analysts have also recently weighed in on YHOO. 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 analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-two have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $39.77.

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

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