Vetr Inc. Downgrades Yahoo Inc. (YHOO) to Hold
Vetr downgraded shares of Yahoo Inc. (NASDAQ:YHOO) from a buy rating to a hold rating in a research report report published on Tuesday. They currently have $45.56 price target on the digital content provider’s stock.
Several other brokerages have also recently commented on YHOO. Bank of America Corp. reiterated a buy rating and issued a $48.00 price objective on shares of Yahoo in a research note on Sunday, July 17th. SunTrust Banks Inc. cut shares of Yahoo from a buy rating to a neutral rating and reduced their price objective for the company from $44.00 to $42.00 in a research note on Monday, July 11th. RBC Capital Markets reiterated a sector perform rating and issued a $29.00 price objective on shares of Yahoo in a research note on Monday, August 1st. Royal Bank Of Canada raised their price objective on shares of Yahoo from $38.00 to $39.00 and gave the company a sector perform rating in a research note on Tuesday, July 19th. Finally, Oppenheimer Holdings Inc. reiterated an outperform rating and issued a $55.00 price objective (up previously from $48.00) on shares of Yahoo in a research note on Monday, September 19th. Two investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and seventeen have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $40.67.
Yahoo (NASDAQ:YHOO) opened at 41.44 on Tuesday. Yahoo has a 12-month low of $26.15 and a 12-month high of $44.92. The firm has a 50-day moving average of $43.17 and a 200 day moving average of $39.18. The firm’s market capitalization is $39.44 billion.
Yahoo (NASDAQ:YHOO) last released its earnings results on Monday, July 18th. The digital content provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ 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 firm earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $0.16 EPS. The firm’s revenue was down 19.3% on a year-over-year basis. On average, equities analysts predict that Yahoo will post $0.49 EPS for the current year.
In other Yahoo news, CRO Lisa Utzschneider sold 732 shares of the company’s stock in a transaction dated Monday, August 22nd. The shares were sold at an average price of $42.84, for a total value of $31,358.88. Following the completion of the sale, the executive now directly owns 612,081 shares of the company’s stock, valued at approximately $26,221,550.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.20% of the stock is currently owned by company insiders.
A number of large investors have recently modified their holdings of YHOO. Geode Capital Management LLC increased its stake in shares of Yahoo by 2.1% in the first quarter. Geode Capital Management LLC now owns 7,365,621 shares of the digital content provider’s stock worth $270,598,000 after buying an additional 152,921 shares during the last quarter. Loomis Sayles & Co. L P increased its stake in Yahoo by 94.9% in the first quarter. Loomis Sayles & Co. L P now owns 470,291 shares of the digital content provider’s stock valued at $17,311,000 after buying an additional 228,982 shares during the last quarter. AXA increased its stake in Yahoo by 0.5% in the first quarter. AXA now owns 144,013 shares of the digital content provider’s stock valued at $5,301,000 after buying an additional 700 shares during the last quarter. Yakira Capital Management Inc. increased its stake in Yahoo by 7.7% in the first quarter. Yakira Capital Management Inc. now owns 209,425 shares of the digital content provider’s stock valued at $7,709,000 after buying an additional 15,000 shares during the last quarter. Finally, Quadrature Capital Ltd increased its stake in Yahoo by 151.7% in the first quarter. Quadrature Capital Ltd now owns 156,061 shares of the digital content provider’s stock valued at $5,745,000 after buying an additional 94,066 shares during the last quarter. 73.66% of the stock is owned by institutional investors.
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.
To view Vetr’s full report, visit Vetr’s official website.
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