Yahoo! Inc. (NASDAQ:YHOO) has just unveiled a new messenger on the web, mobile and Yahoo Mail. The company says that the new messenger is built on a platform that is able to understand a user’s relationship with other users, making group conversations faster and more efficient. Some of the features present in the Yahoo! Inc. (NASDAQ:YHOO) messenger are as follows:
– Easy & Fast Photo Sharing
– New ‘Like’ Feature
– Animated GIF Search and Share
– Unsend Messages, GIFs or Photos
– New Account Key
“We’re excited to introduce the next generation of Yahoo Messenger. It has long been one of our core products but it was time to redesign the product from the ground up and reinvest in one of the most important products in our history as a company,” said Jeff Bonforte, senior vice president of communication products and engineering at Yahoo. “The messaging space has grown dramatically, yet people ultimately want a fast and easy way to communicate with each other. The new Yahoo Messenger was designed first and foremost to meet those needs. This is just the beginning of what’s to come.” The stock closed at $35.65 during the last trading session. It is down 16.26% since April 30, 2015 and is downtrending. It has underperformed the S&P500 by 16.06%.
From a total of 23 analysts covering Yahoo! Inc. (NASDAQ:YHOO) stock, 16 rate it a “Buy”, 0 a “Sell”, and 7 a “Hold”. This means that 70% of the ratings are positive. The highest target price is $62 while the lowest target price is $32. The mean of all analyst targets is $42.45 which is 19.07% above today’s ($35.65) stock price. Yahoo! Inc. was the topic of 55 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on October 21 with a “Outperform” rating. RBC Capital Markets maintained shares with a”Sector Perform” rating and a $42 target share price in their report from an October 21. Cowen & Co maintained YHOO stock in a recent report from October 21 with a “Market Perform” rating. Morgan Stanley maintained the rating on October 21. Morgan Stanley has a “Overweight” rating and a $49 price target on shares. Finally, Jefferies maintained the stock with a “Buy” rating in a report they issued on an October 21.
The institutional sentiment decreased to 1.03 in Q2 2015. It’s down 0.01, from 1.04 in 2015Q1. The ratio dived, as 92 funds sold all their Yahoo! Inc. shares they owned while 232 reduced their positions. 83 funds bought stakes while 251 increased their total positions. Institutions now own 635.68 million shares which is 1.40% less than the previous share count of 644.72 million in 2015Q1.
Indaba Capital Management L.P. holds 27.75% of its total portfolio in Yahoo! Inc., equating to 1.69 million shares. Owl Creek Asset Management L.P. owns 10.70 million shares representing 22.57% of their total US portfolio. Moreover, Stonehill Capital Management Llc has 21.86% of their total portfolio invested in the company, equating to 1.33 million shares. The United Kingdom-based Davide Leone & Partners Investment Co Llp has a total of 12.48% of their portfolio invested in the stock. Courage Capital Management Llc, a Tennessee-based fund reported 550,000 shares owned.
Yahoo! Inc. is a technology company