Yahoo Inc. (YHOO) Raised to Buy at Vetr Inc.
Yahoo Inc. (NASDAQ:YHOO) was upgraded by equities research analysts at Vetr from a “hold” rating to a “buy” rating in a research note issued on Monday. The firm currently has a $45.40 price objective on the digital content provider’s stock. Vetr‘s target price would suggest a potential upside of 3.37% from the company’s previous close.
Other analysts have also recently issued reports about the stock. Cantor Fitzgerald reissued a “buy” rating on shares of Yahoo in a research note on Saturday, July 9th. SunTrust Banks Inc. reissued a “buy” rating and set a $44.00 price target (up from $42.00) on shares of Yahoo in a research note on Wednesday, July 6th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Yahoo in a report on Tuesday, July 5th. Bank of America Corp. restated a “buy” rating and issued a $48.00 price objective on shares of Yahoo in a report on Sunday, July 17th. Finally, Jefferies Group restated a “buy” rating on shares of Yahoo in a report on Monday, July 11th. Two equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and eighteen have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $40.67.
Shares of Yahoo (NASDAQ:YHOO) traded up 1.62% during mid-day trading on Monday, hitting $43.92. The stock had a trading volume of 6,573,631 shares. Yahoo has a one year low of $26.15 and a one year high of $44.92. The firm’s 50 day moving average price is $43.20 and its 200-day moving average price is $39.07. The company’s market cap is $41.80 billion.
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Yahoo (NASDAQ:YHOO) last released its quarterly earnings results on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The company had revenue of $842 million for the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the company earned $0.16 earnings per share. Yahoo’s revenue for the quarter was down 19.3% compared to the same quarter last year. On average, equities research analysts anticipate that Yahoo will post $0.49 earnings per share for the current fiscal year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were sold at an average price of $42.84, for a total transaction of $31,358.88. Following the transaction, the executive now owns 612,081 shares in the company, valued at $26,221,550.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 9.20% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its position in Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock valued at $100,000 after buying an additional 1,044 shares during the last quarter. PineBridge Investments L.P. purchased a new stake in Yahoo during the second quarter valued at about $125,000. MCF Advisors LLC raised its stake in Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock valued at $150,000 after buying an additional 1,740 shares during the last quarter. Glenmede Trust Co. NA raised its stake in Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock valued at $169,000 after buying an additional 120 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in Yahoo during the second quarter valued at about $199,000. Hedge funds and other institutional investors own 73.66% of the company’s stock.
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.
To view Vetr’s full report, visit Vetr’s official website.
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