Yahoo Inc. (YHOO) Given New $48.00 Price Target at Susquehanna
Yahoo Inc. (NASDAQ:YHOO) had its price target lifted by equities researchers at Susquehanna from $44.00 to $48.00 in a report issued on Wednesday. The brokerage currently has a “positive” rating on the digital content provider’s stock. Susquehanna’s price target would indicate a potential upside of 15.16% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the company. Cantor Fitzgerald restated a “buy” rating on shares of Yahoo in a research note 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 research note on Wednesday, July 6th. Needham & Company LLC restated a “buy” rating and issued a $40.00 price objective on shares of Yahoo in a research note on Tuesday, July 5th. Vetr cut Yahoo from a “strong-buy” rating to a “buy” rating and set a $41.87 price objective on the stock. in a research note 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 research note on Sunday, July 17th. Two research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. Yahoo has a consensus rating of “Hold” and a consensus target price of $41.79.
Yahoo (NASDAQ:YHOO) traded up 1.99% during trading on Wednesday, reaching $42.51. 4,405,532 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 firm’s market cap is $40.46 billion. The stock’s 50 day moving average price is $43.14 and its 200 day moving average price is $39.30.
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Yahoo (NASDAQ:YHOO) last announced its quarterly earnings data on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.06. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The business had revenue of $857 million for the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the business posted $0.15 EPS. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year. Equities research analysts anticipate that Yahoo will post $0.49 EPS for the current fiscal year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of Yahoo stock in a transaction that occurred 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 sale, the executive now owns 618,268 shares of the company’s stock, valued at approximately $24,118,634.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 9.20% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted 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 during the last quarter. PineBridge Investments L.P. acquired a new position in Yahoo during the second quarter worth about $125,000. MCF Advisors LLC boosted 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 during the last quarter. Glenmede Trust Co. NA boosted 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 during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in Yahoo during the second quarter worth about $199,000. Institutional investors own 73.86% 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.
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