Yahoo Inc. (YHOO) Stock Rating Reaffirmed by Oppenheimer Holdings Inc.
Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “outperform” rating reiterated by Oppenheimer Holdings Inc. in a report released on Monday. They currently have a $55.00 target price on the digital content provider’s stock, up from their previous target price of $48.00. Oppenheimer Holdings Inc.’s price target would indicate a potential upside of 27.34% from the stock’s current price.
Several other equities research analysts have also recently weighed in on YHOO. Cantor Fitzgerald restated a “buy” rating on shares of Yahoo in a research note on Saturday, July 9th. Royal Bank Of Canada reiterated a “hold” rating on shares of Yahoo in a research note on Sunday, July 17th. Bank of America Corp. reiterated a “buy” rating and issued a $48.00 price target on shares of Yahoo in a research note on Sunday, July 17th. SunTrust Banks Inc. reiterated a “buy” rating and issued a $44.00 price target on shares of Yahoo in a research note on Wednesday, June 1st. Finally, JMP Securities reiterated a “hold” rating on shares of Yahoo in a research note on Monday, July 18th. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and eighteen have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $40.51.
Yahoo (NASDAQ:YHOO) opened at 42.79 on Monday. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The company’s market capitalization is $40.73 billion. The firm’s 50-day moving average price is $42.18 and its 200 day moving average price is $38.14.
Yahoo (NASDAQ:YHOO) last released its earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by $0.01. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The business had revenue of $842 million for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the company earned $0.16 earnings per share. The firm’s revenue for the quarter was down 19.3% on a year-over-year basis. On average, analysts expect that Yahoo will post $0.49 earnings per share for the current year.
In related news, CRO Lisa Utzschneider sold 683 shares of the firm’s stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $36.89, for a total value of $25,195.87. Following the transaction, the executive now owns 622,046 shares of the company’s stock, valued at approximately $22,947,276.94. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 9.20% of the stock is currently owned by corporate insiders.
A number of institutional investors have recently made changes to their positions in YHOO. Quadrant Capital Group LLC boosted its position in shares of Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock valued at $100,000 after buying an additional 1,044 shares during the last quarter. PineBridge Investments L.P. acquired a new position in shares of Yahoo during the second quarter valued at $125,000. MCF Advisors LLC boosted its position in shares of Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock valued at $150,000 after buying an additional 1,740 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock valued at $169,000 after buying an additional 120 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of Yahoo during the second quarter valued at $199,000. 73.67% of the stock is currently owned by institutional investors and hedge funds.
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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