Yahoo! Inc. (YHOO) Earns Market Perform Rating from JMP Securities

Yahoo! Inc. (YHOO) Earns Market Perform Rating from JMP Securities

JMP Securities reiterated their market perform rating on shares of Yahoo! Inc. (NASDAQ:YHOO) in a report published on Tuesday morning.

Other equities research analysts have also recently issued research reports about the company. Citigroup Inc. restated a buy rating on shares of Yahoo! in a research note on Monday, September 26th. Piper Jaffray Companies restated an overweight rating and issued a $44.00 target price on shares of Yahoo! in a research note on Saturday, October 22nd. Zacks Investment Research upgraded Yahoo! from a hold rating to a buy rating and set a $47.00 target price on the stock in a research note on Friday, October 21st. Vetr upgraded Yahoo! from a buy rating to a strong-buy rating and set a $45.84 target price on the stock in a research note on Monday, November 28th. Finally, MKM Partners boosted their target price on Yahoo! from $44.00 to $51.00 and gave the company a buy rating in a research note on Monday, October 17th. One analyst has rated the stock with a sell rating, twenty-three have given a hold rating and fourteen have assigned a buy rating to the stock. Yahoo! has an average rating of Hold and a consensus price target of $42.92.

Shares of Yahoo! (NASDAQ:YHOO) traded down 0.52% during trading on Tuesday, reaching $44.32. The company’s stock had a trading volume of 935,222 shares. Yahoo! has a 52 week low of $26.15 and a 52 week high of $45.00. The stock’s 50 day moving average price is $40.75 and its 200 day moving average price is $41.24. The company’s market cap is $42.49 billion.

Yahoo! (NASDAQ:YHOO) last released its quarterly earnings data on Monday, January 23rd. The digital content provider reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.04. Yahoo! had a positive return on equity of 0.65% and a negative net margin of 4.15%. The business had revenue of $960.10 million for the quarter, compared to analysts’ expectations of $1.38 billion. During the same quarter in the previous year, the business posted $0.13 EPS. Yahoo!’s revenue for the quarter was down 4.2% on a year-over-year basis. Equities research analysts predict that Yahoo! will post $0.66 EPS for the current year.

In related news, CRO Lisa Utzschneider sold 920 shares of Yahoo! stock in a transaction on Monday, January 23rd. The stock was sold at an average price of $41.95, for a total transaction of $38,594.00. Following the completion of the sale, the executive now owns 581,403 shares of the company’s stock, valued at $24,389,855.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 4,499 shares of company stock valued at $183,104 in the last three months. 9.20% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of YHOO. Municipal Employees Retirement System of Michigan raised its stake in shares of Yahoo! by 0.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 27,720 shares of the digital content provider’s stock valued at $1,195,000 after buying an additional 70 shares during the period. Bronfman E.L. Rothschild L.P. raised its stake in shares of Yahoo! by 1.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 5,724 shares of the digital content provider’s stock valued at $247,000 after buying an additional 74 shares during the period. Stratos Wealth Partners LTD. raised its stake in shares of Yahoo! by 0.8% in the second quarter. Stratos Wealth Partners LTD. now owns 10,504 shares of the digital content provider’s stock valued at $395,000 after buying an additional 85 shares during the period. Brighton Jones LLC raised its stake in shares of Yahoo! by 1.4% in the third quarter. Brighton Jones LLC now owns 7,173 shares of the digital content provider’s stock valued at $309,000 after buying an additional 100 shares during the period. Finally, Advisor Partners LLC raised its stake in shares of Yahoo! by 0.8% in the third quarter. Advisor Partners LLC now owns 15,433 shares of the digital content provider’s stock valued at $665,000 after buying an additional 128 shares during the period. 78.51% 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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