SunTrust Banks Inc. Reiterates “Neutral” Rating for Yahoo Inc. (YHOO)
Yahoo Inc. (NASDAQ:YHOO)‘s stock had its “neutral” rating restated by equities research analysts at SunTrust Banks Inc. in a report issued on Thursday. They presently have a $42.00 price target on the digital content provider’s stock. SunTrust Banks Inc.’s price objective points to a potential downside of 4.87% from the stock’s current price.
Other equities analysts also recently issued research reports about the stock. Cantor Fitzgerald reiterated a “buy” rating on shares of Yahoo in a report on Saturday, July 9th. Bank of America Corp. reiterated a “buy” rating and issued a $48.00 price target on shares of Yahoo in a report on Sunday, July 17th. Royal Bank Of Canada reiterated a “hold” rating on shares of Yahoo in a report on Sunday, July 17th. B. Riley reiterated a “neutral” rating and issued a $38.00 price target on shares of Yahoo in a report on Tuesday, July 19th. Finally, Citigroup Inc. upgraded shares of Yahoo from a “neutral” rating to a “buy” rating and increased their price target for the company from $38.00 to $43.00 in a report on Wednesday, June 15th. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, nineteen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $40.51.
Shares of Yahoo (NASDAQ:YHOO) traded up 0.02% during trading on Thursday, reaching $44.15. 33,322,133 shares of the company’s stock were exchanged. The stock’s market capitalization is $42.02 billion. The stock has a 50 day moving average price of $42.34 and a 200-day moving average price of $38.18. Yahoo has a 52 week low of $26.15 and a 52 week high of $44.92.
Yahoo (NASDAQ:YHOO) last announced its quarterly earnings results on Monday, July 18th. The digital content provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.10 by $0.01. The company earned $842 million during the quarter, compared to analysts’ expectations of $1.08 billion. Yahoo had a negative net margin of 100.08% and a positive return on equity of 0.32%. The business’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS. Analysts predict that Yahoo will post $0.49 earnings per share for the current year.
In related news, CRO Lisa Utzschneider sold 683 shares of Yahoo stock in a transaction dated Thursday, June 30th. The shares were sold at an average price of $36.89, for a total transaction of $25,195.87. Following the sale, the executive now directly owns 622,046 shares in the company, valued at $22,947,276.94. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 9.20% of the company’s stock.
Several large investors have recently modified their holdings of YHOO. Quadrant Capital Group LLC boosted its stake 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 period. PineBridge Investments L.P. acquired a new stake in shares of Yahoo during the second quarter valued at approximately $125,000. MCF Advisors LLC boosted its stake 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 period. Glenmede Trust Co. NA boosted its stake 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 period. Finally, Picton Mahoney Asset Management acquired a new stake in shares of Yahoo during the second quarter valued at approximately $199,000. Institutional investors and hedge funds own 73.65% 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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