Short Interest in Yahoo Inc. (YHOO) Rises By 4.7%
Yahoo Inc. (NASDAQ:YHOO) was the recipient of a large increase in short interest in the month of September. As of September 15th, there was short interest totalling 47,092,916 shares, an increase of 4.7% from the August 31st total of 44,978,655 shares. Currently, 5.4% of the shares of the company are sold short. Based on an average daily volume of 10,514,778 shares, the days-to-cover ratio is presently 4.5 days.
Several research firms have commented on YHOO. Bank of America Corp. reaffirmed a “buy” rating and issued a $48.00 price target on shares of Yahoo in a report on Sunday, July 17th. Vetr cut 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. cut Yahoo from a “buy” rating to a “neutral” rating and cut their price target for the company from $44.00 to $42.00 in a report on Monday, July 11th. RBC Capital Markets reaffirmed a “sector perform” rating and issued a $29.00 price target on shares of Yahoo in a report on Monday, August 1st. Finally, Royal Bank Of Canada upped their price target on Yahoo from $38.00 to $39.00 and gave the company a “sector perform” rating in a report on Tuesday, July 19th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seventeen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $40.61.
In related news, CRO Lisa Utzschneider sold 732 shares of the stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $39.01, for a total transaction of $28,555.32. Following the completion of the sale, the executive now owns 618,268 shares in the company, valued at approximately $24,118,634.68. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 9.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of the company. Aviva PLC boosted its position in shares of Yahoo by 1.0% in the first quarter. Aviva PLC now owns 448,160 shares of the digital content provider’s stock worth $16,497,000 after buying an additional 4,599 shares during the last quarter. A.R. Schmeidler & Co. Inc. boosted its position in Yahoo by 19.6% in the first quarter. A.R. Schmeidler & Co. Inc. now owns 14,585 shares of the digital content provider’s stock worth $537,000 after buying an additional 2,390 shares during the last quarter. NN Investment Partners Holdings N.V. purchased a new position in Yahoo during the first quarter worth about $206,000. Benchmark Capital Advisors boosted its position in Yahoo by 106.3% in the first quarter. Benchmark Capital Advisors now owns 47,550 shares of the digital content provider’s stock worth $1,750,000 after buying an additional 24,500 shares during the last quarter. Finally, Howard Hughes Medical Institute boosted its position in Yahoo by 6.1% in the first quarter. Howard Hughes Medical Institute now owns 13,294 shares of the digital content provider’s stock worth $489,000 after buying an additional 766 shares during the last quarter. Institutional investors own 73.65% of the company’s stock.
Shares of Yahoo (NASDAQ:YHOO) opened at 43.71 on Thursday. The firm’s market cap is $41.60 billion. The company has a 50 day moving average of $43.14 and a 200-day moving average of $38.86. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92.
Yahoo (NASDAQ:YHOO) last issued its earnings results on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by $0.01. The business earned $842 million during the quarter, compared to analysts’ expectations of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. Yahoo’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 EPS. Analysts predict that Yahoo will post $0.49 EPS for the current year.
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.
Receive News & Ratings for Yahoo Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Yahoo Inc. and related companies with MarketBeat.com's FREE daily email newsletter.