Brokerage firm Morgan Stanley Downgrades its rating on Yahoo!(NASDAQ:YHOO). In a research note issued to the investors, the brokerage major Lowers the price-target to $42.00 per share. The shares have been rated Equal-weight. Previously, the analysts had a Overweight rating on the shares. The rating by Morgan Stanley was issued on Jul 26, 2016.
In a different note, On Jul 19, 2016, Credit Suisse said it Maintains its rating on Yahoo!. The shares have been rated ‘Neutral’ by the firm. On Jul 19, 2016, Citigroup said it Maintains its rating on Yahoo!. In the research note, the firm Raises the price-target to $43.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 19, 2016, UBS said it Maintains its rating on Yahoo!. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 19, 2016, Pacific Crest said it Maintains its rating on Yahoo!. The shares have been rated ‘Sector Weight’ by the firm. On Jul 19, 2016, Nomura said it Maintains its rating on Yahoo!. The shares have been rated ‘Neutral’ by the firm. On Jul 19, 2016, JMP Securities said it Maintains its rating on Yahoo!. The shares have been rated ‘Market Perform’ by the firm.
Yahoo! (YHOO) shares turned negative on Fridays trading session with the shares closing down -0.33 points or -0.86% at a volume of 1,31,99,145. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $38.52. The peak price level was also seen at $38.52 while the days lowest was $38.075. Finally the shares closed at $38.19. The 52-week high of the shares is $39.42 while the 52-week low is $26.15. According to the latest information available, the market cap of the company is $36,245 M.
Yahoo!(YHOO) last announced its earnings results on Jul 18, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.31B. Analysts had an estimated revenue of $1.08B. Earnings per share were $0.09. Analysts had estimated an EPS of $0.10.
Several Insider Transactions has been reported to the SEC. On Jul 25, 2016, Lisa Utzschneider (Chief Revenue Officer) sold 732 shares at $39.01 per share price.Also, On May 5, 2016, Kenneth A Goldman (Chief Financial Officer) sold 200,000 shares at $36.10 per share price.On Apr 20, 2015, Marissa A Mayer (Chief Executive Officer) sold 100,000 shares at $46.00 per share price, according to the Form-4 filing with the securities and exchange commission.
Yahoo! Inc. is a technology company. The Company is engaged in providing Internet search communication and digital content. The Company manages its business geographically: the Americas; Europe the Middle East and Africa (EMEA) and Asia Pacific. The Company’s products include Search Communications Digital content Flickr and Tumblr. Yahoo Search is a search engine serves as a starting point to navigate the Internet and discover information which is ranked and organized -based on their relevance to the query. Yahoo Mail connects users across mobile phones tablets and PC. Yahoo.com offers news and information including Yahoo original content and partner content. Flickr is a Web and mobile photo management and sharing service. Tumblr offers a Web platform and mobile applications (particularly on the iOS and Android platforms) that allow users to create share and curate content. Yahoo is also a digital publisher and advertising technology provider.