November 16th, 2016 - By Odia Evans. +Evido_official
Bank of America Corp. reissued their buy rating on shares of Yahoo Inc. (NASDAQ:YHOO) in a research report released on Friday morning. The firm currently has a $55.00 target price on the digital content provider’s stock.
Several other research firms have also issued reports on YHOO. Vetr lowered Yahoo from a hold rating to a sell rating and set a $41.12 price target for the company. in a report on Wednesday, August 24th. SunTrust Banks Inc. restated a hold rating and issued a $42.00 price objective on shares of Yahoo in a research report on Friday, October 21st. RBC Capital Markets restated a sector perform rating and issued a $29.00 price objective on shares of Yahoo in a research report on Monday, August 1st. Royal Bank Of Canada boosted their price objective on Yahoo from $38.00 to $39.00 and gave the company a sector perform rating in a research report on Tuesday, July 19th. Finally, Oppenheimer Holdings Inc. restated an outperform rating and issued a $55.00 price objective (up from $48.00) on shares of Yahoo in a research report on Monday, September 19th. One investment analyst has rated the stock with a sell rating, twenty-two have issued a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Yahoo presently has an average rating of Hold and a consensus price target of $42.91.
Yahoo (NASDAQ:YHOO) opened at 40.21 on Friday. The stock’s 50 day moving average price is $41.97 and its 200 day moving average price is $39.94. Yahoo has a 12 month low of $26.15 and a 12 month high of $44.92. The company’s market capitalization is $38.37 billion.
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 positive return on equity of 0.16% and a negative net margin of 96.74%. The company earned $857 million during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the previous year, the company posted $0.15 earnings per share. Yahoo’s revenue was down 14.6% compared to the same quarter last year. Equities research analysts anticipate that Yahoo will post $0.58 earnings per share for the current fiscal year.
In other Yahoo news, CRO Lisa Utzschneider sold 683 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $41.13, for a total transaction of $28,091.79. Following the transaction, the executive now owns 597,297 shares of the company’s stock, valued at $24,566,825.61. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.20% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC increased 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 in the last quarter. PineBridge Investments L.P. bought a new position in Yahoo during the second quarter worth $125,000. MCF Advisors LLC increased 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 in the last quarter. Glenmede Trust Co. NA increased 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 in the last quarter. Finally, Ingalls & Snyder LLC bought a new position in Yahoo during the third quarter worth $205,000. 73.43% of the stock is currently owned by 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.