MKM Partners Raises Yahoo Inc. (YHOO) Price Target to $51.00
Yahoo Inc. (NASDAQ:YHOO) had its target price upped by equities research analysts at MKM Partners from $44.00 to $51.00 in a research note issued on Monday. The firm currently has a “buy” rating on the digital content provider’s stock. MKM Partners’ target price suggests a potential upside of 23.07% from the stock’s previous close.
Several other brokerages also recently issued reports on YHOO. Bank of America Corp. reiterated a “buy” rating and set a $48.00 price target on shares of Yahoo in a research report on Sunday, July 17th. Vetr downgraded shares of Yahoo from a “hold” rating to a “sell” rating and set a $41.12 price target on the stock. in a research report on Wednesday, August 24th. SunTrust Banks Inc. downgraded shares of Yahoo from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $44.00 to $42.00 in a research report on Monday, July 11th. RBC Capital Markets reiterated a “sector perform” rating and set a $29.00 price target on shares of Yahoo in a research report on Monday, August 1st. Finally, Royal Bank Of Canada upped their price target on shares of Yahoo from $38.00 to $39.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 19th. Two investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and seventeen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $41.04.
Yahoo (NASDAQ:YHOO) traded up 0.72% on Monday, hitting $41.74. 1,854,643 shares of the stock traded hands. The stock’s market capitalization is $39.73 billion. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The company’s 50 day moving average price is $43.17 and its 200-day moving average price is $39.18.
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Yahoo (NASDAQ:YHOO) last issued its quarterly earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.01. The company had revenue of $842 million for the quarter, compared to analyst estimates of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The firm’s quarterly revenue was down 19.3% on a year-over-year basis. During the same quarter last year, the company earned $0.16 EPS. Analysts predict that Yahoo will post $0.49 EPS for the current year.
In related news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $42.84, for a total value of $31,358.88. Following the transaction, the executive now directly owns 612,081 shares of the company’s stock, valued at $26,221,550.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 9.20% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised 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 worth $100,000 after buying an additional 1,044 shares in the last quarter. PineBridge Investments L.P. bought a new position in Yahoo during the second quarter worth approximately $125,000. MCF Advisors LLC raised its position in 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 in the last quarter. Glenmede Trust Co. NA raised its position 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 worth $169,000 after buying an additional 120 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in Yahoo during the second quarter worth approximately $199,000. 73.86% of the stock is currently owned by institutional investors.
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.
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