Yahoo! Inc. (NASDAQ:YHOO)‘s stock had its “buy” rating restated by research analysts at Oppenheimer Holdings Inc. in a research report issued on Wednesday. They currently have a $57.00 price objective on the digital content provider’s stock. Oppenheimer Holdings Inc.’s price target would indicate a potential upside of 19.57% from the company’s previous close.
Other analysts also recently issued research reports about the stock. B. Riley reiterated a “neutral” rating and issued a $44.00 price objective on shares of Yahoo! in a report on Tuesday, January 24th. Vetr downgraded shares of Yahoo! from a “buy” rating to a “hold” rating and set a $49.02 price objective for the company. in a report on Monday, April 10th. Evercore ISI reiterated a “hold” rating and issued a $39.00 price objective on shares of Yahoo! in a report on Wednesday, December 21st. Needham & Company LLC reiterated a “hold” rating on shares of Yahoo! in a report on Tuesday. Finally, Cantor Fitzgerald set a $50.00 price objective on shares of Yahoo! and gave the company a “buy” rating in a report on Tuesday, December 20th. Twenty-one investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $45.52.
Yahoo! (NASDAQ:YHOO) traded up 1.43% during trading on Wednesday, hitting $47.67. The stock had a trading volume of 10,924,866 shares. The company’s 50 day moving average is $46.45 and its 200 day moving average is $43.16. The firm’s market cap is $45.60 billion. Yahoo! has a 52-week low of $35.05 and a 52-week high of $47.88. Yahoo! also saw some unusual options trading activity on Monday. Stock traders bought 328 put options on the company. This represents an increase of approximately 486% compared to the typical volume of 56 put options.
Yahoo! (NASDAQ:YHOO) last released its quarterly earnings data on Tuesday, April 18th. The digital content provider reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. The company earned $833.80 million during the quarter, compared to the consensus estimate of $814.32 million. Yahoo! had a negative net margin of 4.15% and a positive return on equity of 0.65%. Yahoo!’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.08 EPS. Equities research analysts forecast that Yahoo! will post $0.69 earnings per share for the current year.
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In related news, CRO Lisa Utzschneider sold 974 shares of Yahoo! stock in a transaction on Wednesday, March 22nd. The shares were sold at an average price of $45.75, for a total transaction of $44,560.50. Following the sale, the executive now directly owns 576,260 shares in the company, valued at approximately $26,363,895. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 2,577 shares of company stock worth $114,928 over the last quarter. 9.20% of the stock is owned by company insiders.
Large investors have recently made changes to their positions in the company. Municipal Employees Retirement System of Michigan raised its stake in shares of Yahoo! by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 27,720 shares of the digital content provider’s stock valued at $1,195,000 after buying an additional 70 shares in the last quarter. Wealthfront Inc. raised its stake in shares of Yahoo! by 0.5% in the fourth quarter. Wealthfront Inc. now owns 14,909 shares of the digital content provider’s stock valued at $577,000 after buying an additional 71 shares in the last quarter. Brighton Jones LLC raised its stake in shares of Yahoo! by 1.4% in the third quarter. Brighton Jones LLC now owns 7,173 shares of the digital content provider’s stock valued at $309,000 after buying an additional 100 shares in the last quarter. Advisor Partners LLC raised its stake in shares of Yahoo! by 0.8% in the third quarter. Advisor Partners LLC now owns 15,433 shares of the digital content provider’s stock valued at $665,000 after buying an additional 128 shares in the last quarter. Finally, Quadrant Capital Group LLC raised its stake in shares of Yahoo! by 9.5% in the first quarter. Quadrant Capital Group LLC now owns 3,085 shares of the digital content provider’s stock valued at $130,000 after buying an additional 267 shares in the last quarter. Hedge funds and other institutional investors own 78.06% 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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