Yahoo! Inc. (NASDAQ:YHOO) has been given a $53.00 price objective by Cantor Fitzgerald in a note issued to investors on Tuesday, April 18th. The brokerage currently has a “buy” rating on the digital content provider’s stock. Cantor Fitzgerald’s price target points to a potential upside of 6.79% from the stock’s previous close.
Other research analysts also recently issued reports about the stock. B. Riley reissued a “neutral” rating and issued a $44.00 price target on shares of Yahoo! in a report on Tuesday, January 24th. Vetr downgraded shares of Yahoo! from a “buy” rating to a “hold” rating and set a $49.02 price objective for the company. in a report on Monday, April 10th. Evercore ISI reaffirmed a “hold” rating and set a $39.00 price objective on shares of Yahoo! in a report on Wednesday, December 21st. Oppenheimer Holdings Inc. reaffirmed a “buy” rating and set a $57.00 price objective (up from $52.00) on shares of Yahoo! in a report on Wednesday, April 19th. Finally, Pivotal Research lifted their price objective on shares of Yahoo! from $41.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, April 13th. Seventeen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $46.70.
Shares of Yahoo! (NASDAQ:YHOO) traded up 1.11% during trading on Tuesday, hitting $50.18. The stock had a trading volume of 11,181,762 shares. The stock’s market capitalization is $48.08 billion. The stock’s 50-day moving average is $48.04 and its 200-day moving average is $44.12. Yahoo! has a 12-month low of $35.05 and a 12-month high of $51.23. Yahoo! also was the recipient of some unusual options trading activity on Tuesday. Investors bought 43,815 call options on the stock. This is an increase of 560% compared to the average daily volume of 6,641 call options.
Yahoo! (NASDAQ:YHOO) last announced its quarterly earnings results on Tuesday, April 18th. The digital content provider reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.04. Yahoo! had a negative net margin of 4.15% and a positive return on equity of 0.65%. The firm had revenue of $833.80 million during the quarter, compared to the consensus estimate of $814.32 million. During the same period last year, the firm earned $0.08 EPS. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. Analysts predict that Yahoo! will post $0.71 EPS for the current fiscal year.
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In other Yahoo! news, CRO Lisa Utzschneider sold 974 shares of the company’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $45.75, for a total transaction of $44,560.50. Following the completion of the sale, the executive now directly owns 576,260 shares of the company’s stock, valued at $26,363,895. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 9.20% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in the company. Clean Yield Group purchased a new stake in shares of Yahoo! during the first quarter worth about $137,000. Edmond DE Rothschild Monaco purchased a new stake in shares of Yahoo! during the third quarter worth about $129,000. Quadrant Capital Group LLC boosted its stake in shares of Yahoo! by 9.5% in the first quarter. Quadrant Capital Group LLC now owns 3,085 shares of the digital content provider’s stock worth $130,000 after buying an additional 267 shares during the period. Delta Asset Management LLC TN boosted its stake in shares of Yahoo! by 3.1% in the first quarter. Delta Asset Management LLC TN now owns 3,350 shares of the digital content provider’s stock worth $156,000 after buying an additional 100 shares during the period. Finally, Guardian Life Insurance Co. of America boosted its stake in shares of Yahoo! by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 3,386 shares of the digital content provider’s stock worth $157,000 after buying an additional 23 shares during the period. 78.06% of the stock is owned by hedge funds and other 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.
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