Yahoo! (YHOO) was Downgraded by SunTrust to ” Neutral” while Lowering the Price Target of the company shares to $ 42 from a previous price target of $44 . Earlier the firm had a rating of “Buy ” on the company shares. SunTrust 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. 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.