Yahoo! Inc. (NASDAQ:YHOO) has earned a consensus rating of “Hold” from the twenty-nine analysts that are covering the company. Eighteen equities research analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $46.48.
A number of brokerages have recently commented on YHOO. B. Riley restated a “neutral” rating and issued a $48.00 target price on shares of Yahoo! in a research note on Wednesday. Zacks Investment Research upgraded Yahoo! from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a research note on Friday. Cantor Fitzgerald set a $53.00 target price on Yahoo! and gave the stock a “buy” rating in a research note on Tuesday. BMO Capital Markets restated a “hold” rating and issued a $47.00 target price on shares of Yahoo! in a research note on Monday. Finally, Vetr downgraded Yahoo! from a “buy” rating to a “hold” rating and set a $49.02 price target on the stock. in a research report on Monday, April 10th.
In other news, CRO Lisa Utzschneider sold 683 shares of Yahoo! stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $46.52, for a total transaction of $31,773.16. Following the sale, the executive now owns 573,851 shares in the company, valued at $26,695,548.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 2,577 shares of company stock worth $114,928 in the last quarter. Insiders own 9.20% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new stake in Yahoo! during the fourth quarter worth approximately $259,119,000. Mason Capital Management LLC purchased a new stake in Yahoo! during the third quarter worth approximately $244,343,000. MSD Partners L.P. purchased a new stake in Yahoo! during the fourth quarter worth approximately $215,492,000. Carve CapitalAB purchased a new stake in Yahoo! during the fourth quarter worth approximately $154,676,000. Finally, Canyon Capital Advisors LLC boosted its stake in Yahoo! by 12.0% in the third quarter. Canyon Capital Advisors LLC now owns 20,803,565 shares of the digital content provider’s stock worth $896,634,000 after buying an additional 2,231,162 shares during the period. Institutional investors and hedge funds own 78.06% of the company’s stock.
Shares of Yahoo! (NASDAQ:YHOO) traded down 0.57% during mid-day trading on Tuesday, reaching $47.40. The company’s stock had a trading volume of 2,504,245 shares. The company’s 50-day moving average price is $46.49 and its 200-day moving average price is $43.19. The stock’s market capitalization is $45.34 billion. Yahoo! has a 12-month low of $35.05 and a 12-month high of $47.88.
Yahoo! (NASDAQ:YHOO) last issued its earnings results on Tuesday, April 18th. The digital content provider reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Yahoo! had a positive return on equity of 0.65% and a negative net margin of 4.15%. The firm had revenue of $833.80 million for the quarter, compared to the consensus estimate of $814.32 million. During the same quarter in the prior year, the business earned $0.08 earnings per share. The company’s revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts forecast that Yahoo! will post $0.68 earnings per share for the current fiscal year.
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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