Depending on the earnings numbers reported, Yahoo! Inc.
Yahoo stock was virtually unchanged in late trading in the stock market today. The research firm Downgrade the stock to Hold. However, in its press release of the first quarter 2017, Yahoo has noted the business updates including doubling the number of users enrolled in Yahoo Account Key. In February, the company's surprise hacking scandal shaved $350 million off the price of the deal. Buy rating has been given by 4 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 1 analyst given HOLD rating. The stock was sold at an average price of $41.95, for a total transaction of $38,594.00.
In other news, CRO Lisa Utzschneider sold 974 shares of the business's stock in a transaction that occurred on Wednesday, March 22nd. While some analysts have a High Price target for the stock of $57 and a Low Price Target of $42. Following the completion of the sale, the executive now directly owns 581,403 shares of the company's stock, valued at approximately $24,389,855.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. The consensus recommendation by Thomson Reuters analysts is Outperform and their mean rating for the stock is 1.70 on scale of 1-5. Corporate insiders own 9.20% of the company's stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC raised its stake in Yahoo! by 1.4% in the third quarter. Finally, World Asset Management Inc raised its stake in Yahoo! by 2.1% in the third quarter.
What happened with Yahoo! this quarter? These changes have been in place since the second quarter of 2016, but they played no part in calculating results in the year-ago period used here.
The good results did little to improve the share price of the company in extended trading on New York Stock Exchange. The stock is now trading with a distance of 20-Day Simple Moving Average (SMA20) of 2.14%. Yahoo! Inc. (NASDAQ:YHOO) shares have been recently spotted -0.38% away from the 52-week high, and 34.78% away from the 52-week low mark. Yahoo! Inc. The company's market cap is $43.17 billion.
Yahoo! Inc. (YHOO) is now showing its ROA (Return on Assets) of -0.4%.
During the quarter, Yahoo posted GAAP revenue of $1.33 billion, up from $1.09 billion. Profit, before certain items, was 18 cents a share. Finally, Comerica Bank increased its stake in Yahoo! by 1.7% in the fourth quarter. A month ago, analyst EPS consensus estimated earnings of US$0.14 per share.
As the earnings date approaches, we can see that insider ownership is now 0.40% shares, and institutional ownership is at 83.50% for Yahoo! Inc. Twenty-one research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. (YHOO) in a note sent to investors on 21-Oct-16.