Yahoo Inc. (NASDAQ:YHOO) was downgraded by stock analysts at Vetr from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. They presently have a $41.42 price target on the digital content provider's stock. Vetr's price objective indicates a potential downside of 3.11% from the stock's current price.
A number of other equities research analysts also recently commented on the company. Bank of America Corp reiterated a "buy" rating and issued a $53.00 price objective (up previously from $50.00) on shares of Yahoo in a report on Tuesday, August 23rd. Jefferies Group reiterated a "buy" rating and issued a $43.00 price objective on shares of Yahoo in a report on Tuesday, August 23rd. Cantor Fitzgerald reiterated a "buy" rating and issued a $49.00 price objective on shares of Yahoo in a report on Tuesday, August 9th. SunTrust Banks Inc reiterated a "neutral" rating and issued a $42.00 price objective on shares of Yahoo in a report on Monday, August 1st. Finally, RBC Capital Markets reiterated a "sector perform" rating and issued a $29.00 price objective on shares of Yahoo in a report on Monday, August 1st. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and nineteen have assigned a buy rating to the company's stock. The company currently has an average rating of "Hold" and a consensus target price of $40.61.
Shares of Yahoo (NASDAQ:YHOO) traded up 0.40% during midday trading on Wednesday, hitting $42.75. The stock had a trading volume of 7,715,941 shares. The firm's 50-day moving average is $40.22 and its 200 day moving average is $36.94. The company's market capitalization is $40.69 billion. Yahoo has a one year low of $26.15 and a one year high of $43.29.
Yahoo (NASDAQ:YHOO) last released its quarterly earnings data 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. During the same period in the previous year, the company earned $0.16 EPS. The company earned $842 million during the quarter, compared to analyst estimates of $1.08 billion. The company's revenue was down 19.3% compared to the same quarter last year. Equities analysts expect that Yahoo will post $0.49 earnings per share for the current fiscal year.
A number of hedge funds have recently modified their holdings of YHOO. American International Group Inc raised its stake in shares of Yahoo by 1.1% in the fourth quarter. American International Group Inc now owns 426,726 shares of the digital content provider's stock worth $14,193,000 after buying an additional 4,535 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Yahoo by 4.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,196,776 shares of the digital content provider's stock worth $73,065,000 after buying an additional 90,628 shares during the last quarter. Delta Lloyd NV raised its stake in shares of Yahoo by 7.9% in the fourth quarter. Delta Lloyd NV now owns 66,107 shares of the digital content provider's stock worth $2,199,000 after buying an additional 4,824 shares during the last quarter. Crescent Park Management L.P. raised its stake in shares of Yahoo by 101.3% in the fourth quarter. Crescent Park Management L.P. now owns 1,007,495 shares of the digital content provider's stock worth $33,509,000 after buying an additional 507,009 shares during the last quarter. Finally, Cobalt Capital Management Inc. purchased a new stake in shares of Yahoo during the fourth quarter worth approximately $2,927,000.
In related news, CRO Lisa Utzschneider sold 732 shares of the business's stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $37.37, for a total value of $27,354.84. Following the completion of the sale, the executive now directly owns 624,455 shares of the company's stock, valued at approximately $23,335,883.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Yahoo! Inc (NASDAQ:YHOO) (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.