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Investment analysts at Bank of America hoisted their price target on shares of Yahoo! (NASDAQ:YHOO) to $40.00 in a note issued to investors on Thursday. Bank of America’s price objective would indicate a potential upside of 4.77% from the stock’s previous close.

In other Yahoo! news, CEO Marissa A. Mayer unloaded 36,000 shares of Yahoo! stock on the open market in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $37.51, for a total value of $1,350,360.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald reiterated a “buy” rating on shares of Yahoo! in a research note on Wednesday. Separately, 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. Finally, 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-one have given a buy rating to the company’s stock. Yahoo! currently has a consensus rating of “Buy” and an average price target of $39.70.

Yahoo! (NASDAQ:YHOO) opened at 38.18 on Thursday. Yahoo! has a 52-week low of $26.82 and a 52-week high of $41.72. The stock has a 50-day moving average of $35.86 and a 200-day moving average of $35.91. The company has a market cap of $37.974 billion and a P/E ratio of 32.66. Yahoo! also was the target of a large decrease in short interest in the month of August. As of August 15th, there was short interest totalling 27,976,174 shares, a decrease of 11.2% from the July 31st total of 31,509,962 shares. Currently, 3.0% of the company’s stock are short sold. 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 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. 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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