Yahoo’s (YHOO) Neutral Rating Reiterated at Nomura
Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “neutral” rating reissued by stock analysts at Nomura in a report issued on Wednesday. They presently have a $45.00 price target on the digital content provider’s stock, up from their previous price target of $39.00. Nomura’s price objective would suggest a potential upside of 6.71% from the stock’s current price.
Other research analysts have also issued reports about the stock. Cantor Fitzgerald restated a “buy” rating on shares of Yahoo in a report on Saturday, July 9th. SunTrust Banks Inc. restated a “buy” rating and issued a $44.00 price objective (up from $42.00) on shares of Yahoo in a report 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. Vetr lowered shares of Yahoo from a “strong-buy” rating to a “buy” rating and set a $41.87 price objective for the company. in a report on Monday, July 4th. Finally, 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. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and sixteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $42.79.
Shares of Yahoo (NASDAQ:YHOO) traded down 0.50% on Wednesday, hitting $42.17. 7,194,168 shares of the stock were exchanged. 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 price of $43.14 and a 200 day moving average price of $39.34. The company’s market cap is $40.37 billion.
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Yahoo (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, October 18th. The digital content provider reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.06. Yahoo had a negative net margin of 96.74% and a positive return on equity of 0.16%. The business earned $857 million during the quarter, compared to analyst estimates of $1.31 billion. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was down 14.6% on a year-over-year basis. Equities analysts forecast that Yahoo will post $0.49 EPS for the current fiscal year.
In related news, CRO Lisa Utzschneider sold 732 shares of the company’s 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 sale, the executive now owns 612,081 shares in the company, valued at $26,221,550.04. The sale was disclosed in a legal filing with the SEC, which is available through this link. 9.20% of the stock is owned by corporate insiders.
A number of large investors have recently modified their holdings of YHOO. TCI Fund Management Ltd. bought a new stake in Yahoo during the first quarter valued at approximately $530,211,000. Natixis raised its stake in Yahoo by 33.7% in the first quarter. Natixis now owns 14,099,072 shares of the digital content provider’s stock valued at $518,987,000 after buying an additional 3,552,539 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new stake in Yahoo during the first quarter valued at approximately $123,399,000. Legal & General Group Plc raised its stake in Yahoo by 4.2% in the first quarter. Legal & General Group Plc now owns 3,837,177 shares of the digital content provider’s stock valued at $141,245,000 after buying an additional 155,635 shares in the last quarter. Finally, Pax World Management LLC raised its stake in Yahoo by 3.7% in the second quarter. Pax World Management LLC now owns 50,274 shares of the digital content provider’s stock valued at $1,888,000 after buying an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 73.86% 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.
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