Yahoo Inc. (YHOO) Upgraded to “Buy” by Vetr Inc.
Yahoo Inc. (NASDAQ:YHOO) was upgraded by Vetr from a “hold” rating to a “buy” rating in a note issued to investors on Monday. The firm currently has a $45.40 target price on the digital content provider’s stock. Vetr‘s target price indicates a potential upside of 5.04% from the stock’s previous close.
A number of other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Yahoo from a “hold” rating to a “strong sell” rating in a research report on Friday, July 22nd. Jefferies Group reaffirmed a “buy” rating and set a $43.00 target price on shares of Yahoo in a research report on Monday, July 25th. Bank of America Corp. reissued a “buy” rating and issued a $48.00 price target on shares of Yahoo in a report on Monday, July 25th. Oppenheimer Holdings Inc. reissued an “outperform” rating and issued a $49.00 price target on shares of Yahoo in a report on Wednesday, July 20th. Finally, Morgan Stanley lowered shares of Yahoo from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $46.00 to $42.00 in a report on Tuesday, July 26th. Two analysts have rated the stock with a sell rating, twenty have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $40.67.
Shares of Yahoo (NASDAQ:YHOO) opened at 43.22 on Monday. Yahoo has a 12 month low of $26.15 and a 12 month high of $44.92. The company has a 50-day moving average of $43.17 and a 200-day moving average of $38.95. The stock’s market capitalization is $41.14 billion.
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Yahoo (NASDAQ:YHOO) last announced its earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. 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 firm posted $0.16 EPS. The company’s revenue was down 19.3% compared to the same quarter last year. On average, equities research analysts expect that Yahoo will post $0.49 EPS for the current fiscal year.
In related news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $39.01, for a total value of $28,555.32. Following the transaction, the executive now owns 618,268 shares in the company, valued at $24,118,634.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.20% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently modified their holdings of YHOO. Quadrant Capital Group LLC boosted 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. bought a new position in shares of Yahoo during the second quarter worth approximately $125,000. MCF Advisors LLC boosted 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 boosted 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 bought a new position in shares of Yahoo during the second quarter worth approximately $199,000. Institutional investors own 73.65% 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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