Shares of Yahoo Inc. (NASDAQ:YHOO) have earned a consensus rating of “Hold” from the forty ratings firms that are presently covering the stock. Three research analysts have rated the stock with a sell recommendation, nineteen have issued a hold recommendation and eighteen have issued a buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $40.48.

A number of research analysts recently weighed in on YHOO shares. Vetr upgraded shares of Yahoo from a “hold” rating to a “buy” rating and set a $37.10 price objective on the stock in a research report on Wednesday, May 25th. SunTrust Banks Inc. restated a “buy” rating and set a $44.00 price objective on shares of Yahoo in a research report on Wednesday, June 1st. Cantor Fitzgerald restated a “buy” rating and set a $49.00 price objective on shares of Yahoo in a research report on Sunday, June 5th. Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of Yahoo in a research report on Thursday, June 9th. Finally, Bank of America Corp. restated a “buy” rating and set a $48.00 price objective on shares of Yahoo in a research report on Monday, June 13th.

In other news, CRO Lisa Utzschneider sold 683 shares of Yahoo stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $36.89, for a total value of $25,195.87. Following the transaction, the executive now owns 622,046 shares of the company’s stock, valued at approximately $22,947,276.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 9.20% of the stock is currently owned by insiders.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/20/yahoo-inc-nasdaqyhoo-given-consensus-recommendation-of-hold-by-brokerages.html

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC increased its position in shares of Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock worth $100,000 after buying an additional 1,044 shares during the last quarter. PineBridge Investments L.P. purchased a new position in shares of Yahoo during the second quarter worth about $125,000. MCF Advisors LLC increased its position in shares of Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock worth $150,000 after buying an additional 1,740 shares during the last quarter. Glenmede Trust Co. NA increased its position in shares of Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock worth $169,000 after buying an additional 120 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new position in shares of Yahoo during the second quarter worth about $199,000. 73.67% of the stock is currently owned by hedge funds and other institutional investors.

Yahoo (NASDAQ:YHOO) traded down 1.192% on Tuesday, hitting $42.675. 2,620,233 shares of the stock were exchanged. The company has a 50-day moving average of $42.07 and a 200 day moving average of $38.07. Yahoo has a 12 month low of $26.15 and a 12 month high of $44.92. The firm’s market cap is $40.62 billion.

Yahoo (NASDAQ:YHOO) last issued its quarterly earnings data on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The company had revenue of $842 million for the quarter, compared to the consensus estimate of $1.08 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The firm’s revenue for the quarter was down 19.3% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. Equities research analysts expect that Yahoo will post $0.49 earnings per share for the current fiscal year.

Yahoo Company Profile

Yahoo! Inc (Yahoo), along with its subsidiaries, is engaged in digital information discovery. The Company’s segments include the Americas; Europe, Middle East and Africa (EMEA), and Asia Pacific. The Company focuses on informing, connecting and entertaining its users with its search (Yahoo search), communications, including Yahoo Mail and Yahoo Messenger, and digital content products, including Tumblr, and its four verticals, such as Yahoo News, Yahoo Sports, Yahoo Finance and Yahoo Lifestyle.

5 Day Chart for NASDAQ:YHOO

Receive News & Ratings for Yahoo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yahoo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.