Yahoo Inc. (YHOO) Rating Lowered to Hold at Vetr Inc.
Yahoo Inc. (NASDAQ:YHOO) was downgraded by investment analysts at Vetr from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday. They currently have a $45.56 target price on the digital content provider’s stock. Vetr‘s target price suggests a potential upside of 3.73% from the stock’s previous close.
Several other equities research analysts have also commented on YHOO. Bank of America Corp. reiterated a “buy” rating and issued a $48.00 price objective on shares of Yahoo in a research note on Sunday, July 17th. Royal Bank Of Canada reiterated a “hold” rating on shares of Yahoo in a research note on Sunday, July 17th. Cantor Fitzgerald reiterated a “buy” rating on shares of Yahoo in a research note on Saturday, July 9th. JMP Securities reiterated a “hold” rating on shares of Yahoo in a research note on Monday, July 18th. Finally, B. Riley reiterated a “neutral” rating and issued a $38.00 price objective on shares of Yahoo in a research note on Monday, July 25th. Two research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $40.67.
Shares of Yahoo (NASDAQ:YHOO) opened at 43.92 on Tuesday. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The firm’s market capitalization is $41.80 billion. The stock has a 50 day moving average of $43.20 and a 200-day moving average of $39.07.
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Yahoo (NASDAQ:YHOO) last posted its quarterly earnings data 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. The firm earned $842 million during the quarter, compared to analysts’ expectations of $1.08 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The company’s quarterly revenue was down 19.3% on a year-over-year basis. During the same quarter last year, the business posted $0.16 EPS. Equities analysts expect that Yahoo will post $0.49 earnings per share for the current fiscal year.
In other Yahoo news, CRO Lisa Utzschneider sold 683 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The shares were sold at an average price of $43.03, for a total value of $29,389.49. Following the completion of the transaction, the executive now directly owns 603,484 shares in the company, valued at $25,967,916.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 9.20% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Yahoo by 2.2% in the second quarter. Vanguard Group Inc. now owns 53,298,983 shares of the digital content provider’s stock worth $2,001,909,000 after buying an additional 1,126,726 shares in the last quarter. State Street Corp raised its position in shares of Yahoo by 9.9% in the first quarter. State Street Corp now owns 36,235,550 shares of the digital content provider’s stock worth $1,333,822,000 after buying an additional 3,253,009 shares in the last quarter. Canyon Capital Advisors LLC raised its position in shares of Yahoo by 66.9% in the second quarter. Canyon Capital Advisors LLC now owns 18,572,403 shares of the digital content provider’s stock worth $697,579,000 after buying an additional 7,445,247 shares in the last quarter. TCI Fund Management Ltd. bought a new position in shares of Yahoo during the first quarter worth $530,211,000. Finally, Natixis raised its position in shares of Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock worth $518,987,000 after buying an additional 3,552,539 shares in the last quarter. Hedge funds and other institutional investors own 73.66% of the company’s stock.
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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