Yahoo! Inc. (NASDAQ:YHOO) was downgraded by investment analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Wednesday.

Other analysts have also recently issued reports about the company. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $57.00 price objective (up from $52.00) on shares of Yahoo! in a report on Wednesday, April 19th. Vetr raised Yahoo! from a “hold” rating to a “buy” rating and set a $49.02 price objective on the stock in a report on Monday, April 3rd. Zacks Investment Research raised Yahoo! from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Monday, March 27th. Cantor Fitzgerald set a $53.00 price objective on Yahoo! and gave the stock a “buy” rating in a report on Tuesday, February 28th. Finally, MKM Partners reaffirmed a “buy” rating and set a $62.00 price objective (up from $58.00) on shares of Yahoo! in a report on Wednesday, May 17th. Seventeen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Yahoo! presently has an average rating of “Hold” and an average price target of $46.70.

Analyst Recommendations for Yahoo! (NASDAQ:YHOO)

Yahoo! (NASDAQ YHOO) traded up 0.62% on Wednesday, hitting $52.32. 2,097,850 shares of the company’s stock traded hands. The stock has a 50 day moving average price of $50.14 and a 200-day moving average price of $45.48. Yahoo! has a 12 month low of $35.05 and a 12 month high of $57.39. The stock’s market cap is $50.13 billion.

Yahoo! (NASDAQ:YHOO) last issued its quarterly earnings data on Tuesday, April 18th. The digital content provider reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $833.80 million for the quarter, compared to analysts’ expectations of $814.32 million. Yahoo! had a positive return on equity of 0.77% and a negative net margin of 0.29%. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 EPS. Equities analysts predict that Yahoo! will post $0.71 earnings per share for the current fiscal year.

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In other Yahoo! news, CRO Lisa Utzschneider sold 683 shares of the stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $46.52, for a total value of $31,773.16. Following the completion of the sale, the executive now directly owns 573,851 shares in the company, valued at $26,695,548.52. The transaction was disclosed in a document filed with the SEC, which is available at this link. 9.20% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Quadrant Capital Group LLC boosted its stake 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 period. PineBridge Investments L.P. acquired a new stake in Yahoo! during the second quarter worth approximately $125,000. Edmond DE Rothschild Monaco acquired a new stake in Yahoo! during the third quarter worth approximately $129,000. Clean Yield Group acquired a new stake in Yahoo! during the first quarter worth approximately $137,000. Finally, Delta Asset Management LLC TN boosted its stake in Yahoo! by 3.1% in the first quarter. Delta Asset Management LLC TN now owns 3,350 shares of the digital content provider’s stock worth $156,000 after buying an additional 100 shares during the period. Institutional investors own 82.74% 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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