Yahoo Inc. (YHOO) Price Target Increased to $42.00 by Analysts at Mizuho
Yahoo Inc. (NASDAQ:YHOO) had its target price upped by stock analysts at Mizuho from $38.00 to $42.00 in a report released on Wednesday, StockTargetPrices.com reports. The brokerage presently has a “neutral” rating on the digital content provider’s stock. Mizuho’s price target points to a potential upside of 0.77% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Bank of America Corp. reaffirmed a “buy” rating and set a $48.00 target price on shares of Yahoo in a research note on Sunday, July 17th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of Yahoo in a research note on Sunday, July 17th. Cantor Fitzgerald reaffirmed a “buy” rating on shares of Yahoo in a research note on Saturday, July 9th. B. Riley reissued a “neutral” rating and set a $38.00 price target on shares of Yahoo in a research report on Tuesday, July 19th. Finally, Needham & Company LLC cut shares of Yahoo from a “buy” rating to a “hold” rating and set a $40.00 price target on the stock. in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and sixteen have given a buy rating to the stock. Yahoo presently has an average rating of “Hold” and an average target price of $41.33.
Yahoo (NASDAQ:YHOO) opened at 41.68 on Wednesday. The firm’s 50-day moving average is $43.14 and its 200 day moving average is $39.30. The company’s market capitalization is $39.67 billion. Yahoo has a one year low of $26.15 and a one year high of $44.92.
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Yahoo (NASDAQ:YHOO) last announced its earnings results on Tuesday, October 18th. The digital content provider reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.06. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The company had revenue of $857 million for the quarter, compared to analysts’ expectations of $1.31 billion. During the same quarter in the previous year, the company posted $0.15 EPS. The firm’s quarterly revenue was down 14.6% on a year-over-year basis. On average, equities analysts expect that Yahoo will post $0.49 EPS for the current fiscal year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the firm’s stock in a transaction dated 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 directly owns 612,081 shares of the company’s stock, valued at approximately $26,221,550.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.20% of the stock is owned by company insiders.
Hedge funds have recently modified their holdings of the company. National Pension Service raised its stake in shares of Yahoo by 8.6% in the third quarter. National Pension Service now owns 631,337 shares of the digital content provider’s stock worth $27,211,000 after buying an additional 50,105 shares during the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Yahoo by 2.9% in the third quarter. Gulf International Bank UK Ltd now owns 275,431 shares of the digital content provider’s stock worth $11,871,000 after buying an additional 7,800 shares during the last quarter. Capstone Asset Management Co. raised its stake in shares of Yahoo by 3.5% in the third quarter. Capstone Asset Management Co. now owns 66,090 shares of the digital content provider’s stock worth $2,848,000 after buying an additional 2,250 shares during the last quarter. Atria Investments LLC raised its stake in shares of Yahoo by 53.3% in the third quarter. Atria Investments LLC now owns 16,306 shares of the digital content provider’s stock worth $703,000 after buying an additional 5,672 shares during the last quarter. Finally, Addison Capital Co acquired a new stake in shares of Yahoo during the third quarter worth about $537,000. 73.86% of the stock is currently owned by hedge funds and other institutional investors.
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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