YHOO) delivers strong top line performance — Yahoo Inc.(NASDAQ

Tomas Mccoy
April 19, 2017

During the quarter, Yahoo posted GAAP revenue of $1.33 billion, up from $1.09 billion. That is up from the prior-year figure of 8 cents per share. Stock has got OUTPERFORM rating from 5 analysts of Thomson Reuters, 13 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Institutions are now holders of 83.50% of the shares. Conning Inc. now owns 22,284 shares of the digital content provider's stock valued at $960,000 after buying an additional 270 shares during the last quarter. Over the past twelve months, Yahoo! Inc. The institutional investor owned 1,192,776 shares of the digital content provider's stock after buying an additional 150,000 shares during the period.

Currently, the market capitalization of Yahoo! Inc. The company has a 1 Year high price target of $48.76. (NASDAQ:YHOO) opened at 45.03 on Friday.

Yahoo! Inc. (YHOO) closed 10.9% above its 200-day moving average and is 2.31% above another chart threshold, its 50-day moving average.

Yahoo! Inc. (NASDAQ:YHOO) yearly performance is 29.80% and net profit margin is -4.10%. (NASDAQ:YHOO) reported results for the first quarter of fiscal year 2017.

Yahoo reported better-than-expected fourth quarter results surpassing the Zacks Consensus Estimate on both counts.


Revenue from mobile, video, native and social came in at $529 million in the quarter, up from $390 million in the first quarter of 2016.

However, not every area of the business saw increases, with search revenues tumbling from $492m 12 months ago, to $475m in Q1 this year, and display ad revenues seeing a 2% decrease year-over-year coming in at $456m for the period. Five analysts surveyed by Zacks expected $800.1 million.

A number of research firms have recently weighed in on YHOO. Yahoo stock rose.03% to 47.56 in Tuesday's regular session. Cantor Fitzgerald set a $50.00 price target on Yahoo! and gave the stock a "buy" rating in a report on Tuesday, December 20th. The stock presently has a consensus rating of "Hold" and a consensus target price of $45.21. Bank of America Corporation reiterated a "buy" rating and issued a $55.00 target price on shares of Yahoo! in a research report on Friday, November 11th.

Yahoo reported non-GAAP net earnings of $0.18 per share, an increase of $0.10 per share from $0.08 per share in the same period previous year. 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. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Yahoo! in a research note on Tuesday.

In other Yahoo! news, CRO Lisa Utzschneider sold 683 shares of Yahoo! stock in a transaction dated Friday, March 31st. Inc. include TCI Fund Management Limited which owns 86 million shares in the company valued at $3.33 B million.

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