Yahoo Inc. (YHOO) Price Target Increased to $51.00 by Analysts at MKM Partners
Yahoo Inc. (NASDAQ:YHOO) had its price target increased by equities researchers at MKM Partners from $44.00 to $51.00 in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the digital content provider’s stock. MKM Partners’ price objective points to a potential upside of 23.07% from the company’s current price.
A number of other research analysts have also recently weighed in on the company. Credit Suisse Group AG set a $52.00 target price on Yahoo and gave the company a “neutral” rating in a report on Monday. Vetr cut Yahoo from a “buy” rating to a “hold” rating and set a $45.56 price objective on the stock. in a research note on Tuesday, October 11th. SunTrust Banks Inc. restated a “neutral” rating and set a $42.00 price objective on shares of Yahoo in a research note on Saturday, October 8th. Citigroup Inc. restated a “buy” rating on shares of Yahoo in a research note on Monday, September 26th. Finally, Robert W. Baird restated a “neutral” rating and set a $42.00 price objective on shares of Yahoo in a research note on Friday, September 23rd. Two 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 currently has an average rating of “Hold” and a consensus target price of $41.04.
Yahoo (NASDAQ:YHOO) traded up 0.760% on Monday, hitting $41.755. 1,814,329 shares of the company’s stock were exchanged. Yahoo has a 52-week low of $26.15 and a 52-week high of $44.92. The stock’s market cap is $39.74 billion. The firm has a 50 day moving average price of $43.17 and a 200-day moving average price of $39.18.
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Yahoo (NASDAQ:YHOO) last issued its earnings results 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. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The firm earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the business posted $0.16 EPS. Yahoo’s revenue was down 19.3% compared to the same quarter last year. Analysts predict that Yahoo will post $0.49 earnings per share for the current fiscal year.
In other news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive now owns 612,081 shares of the company’s stock, valued at $26,221,550.04. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 9.20% of the company’s stock.
Hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC raised its stake 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 in the last quarter. PineBridge Investments L.P. bought a new stake in shares of Yahoo during the second quarter worth $125,000. MCF Advisors LLC raised its stake 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 in the last quarter. Glenmede Trust Co. NA raised its stake 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 in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of Yahoo during the second quarter worth $199,000. 73.86% of the stock is owned by institutional investors and hedge funds.
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.
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