Yahoo! (YHOO) is Downgraded by Pivotal Research Group to Hold, Price Target at $41

Yahoo! (YHOO) was Downgraded by Pivotal Research Group to ” Hold” and the brokerage firm has set the Price Target at $41. Earlier the firm had a rating of “Buy ” on the company shares. Pivotal Research Group advised their investors in a research report released on Jul 11, 2016.

Many Wall Street Analysts have commented on Yahoo!. Shares were Downgraded by SunTrust on Jul 11, 2016 to ” Neutral” and Lowered the Price Target to $ 42 from a previous price target of $44 .Yahoo! was Upgraded by Citigroup to ” Buy” on Jun 16, 2016. Company shares were Reiterated by Axiom Capital on Apr 20, 2016 to “Hold”, Firm has raised the Price Target to $ 37 from a previous price target of $36 .

On the company’s financial health, Yahoo! reported $0.08 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 19, 2016. Analyst had a consensus of $0.07. The company had revenue of $859.00 million for the quarter, compared to analysts expectations of $845.90 million. The company’s revenue was down -17.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.15 EPS.

Yahoo! opened for trading at $37.53 and hit $37.84 on the upside on Friday, eventually ending the session at $37.74, with a gain of 0.59% or 0.22 points. The heightened volatility saw the trading volume jump to 87,86,614 shares. Company has a market cap of $35,818 M.

In a different news, on Jul 5, 2016, Lisa Utzschneider (Chief Revenue Officer) sold 683 shares at $36.89 per share price. According to the SEC, 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. 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.


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