Yahoo Inc. (YHOO) Earns “Neutral” Rating from SunTrust Banks Inc.
SunTrust Banks Inc. reissued their neutral rating on shares of Yahoo Inc. (NASDAQ:YHOO) in a research report report published on Saturday morning. SunTrust Banks Inc. currently has a $42.00 target price on the digital content provider’s stock.
A number of other research firms have also recently commented on YHOO. Vetr cut shares of Yahoo from a hold rating to a sell rating and set a $43.29 price target on the stock. in a report on Tuesday, September 6th. Robert W. Baird reaffirmed a neutral rating and issued a $42.00 price target on shares of Yahoo in a report on Friday, September 23rd. Bank of America Corp. reaffirmed a buy rating and issued a $55.00 price target on shares of Yahoo in a report on Friday, September 23rd. Oppenheimer Holdings Inc. reissued an outperform rating and set a $55.00 target price (up previously from $48.00) on shares of Yahoo in a report on Monday, September 19th. Finally, Citigroup Inc. reissued a buy rating on shares of Yahoo in a report on Monday, September 26th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and seventeen have issued a buy rating to the company’s stock. Yahoo has an average rating of Hold and an average price target of $40.61.
Shares of Yahoo (NASDAQ:YHOO) opened at 43.22 on Friday. The firm has a 50 day moving average price of $43.17 and a 200-day moving average price of $38.95. The firm’s market cap is $41.14 billion. Yahoo has a one year low of $26.15 and a one year high of $44.92.
Yahoo (NASDAQ:YHOO) last posted its quarterly 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 company earned $842 million during the quarter, compared to the consensus estimate of $1.08 billion. Yahoo had a positive return on equity of 0.32% and a negative net margin of 100.08%. The company’s revenue for the quarter was down 19.3% compared to the same quarter last year. During the same period last year, the firm posted $0.16 EPS. Analysts forecast that Yahoo will post $0.49 earnings per share for the current year.
In other news, CRO Lisa Utzschneider sold 732 shares of the stock in a transaction that occurred on Monday, August 22nd. The shares were sold at an average price of $42.84, for a total transaction of $31,358.88. Following the sale, the executive now owns 612,081 shares in the company, valued at $26,221,550.04. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 9.20% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC boosted its stake in Yahoo by 55.7% in the second quarter. Quadrant Capital Group LLC now owns 2,918 shares of the digital content provider’s stock worth $100,000 after buying an additional 1,044 shares during the last quarter. PineBridge Investments L.P. purchased a new stake in Yahoo during the second quarter worth approximately $125,000. MCF Advisors LLC boosted its stake in Yahoo by 77.2% in the second quarter. MCF Advisors LLC now owns 3,993 shares of the digital content provider’s stock worth $150,000 after buying an additional 1,740 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Yahoo by 2.7% in the second quarter. Glenmede Trust Co. NA now owns 4,512 shares of the digital content provider’s stock worth $169,000 after buying an additional 120 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in Yahoo during the second quarter worth approximately $199,000. Hedge funds and other institutional investors 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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