Yahoo! Inc. (YHOO) Has Renewed Their Alliance With NBC Sports

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For all of you sports fans out there, you will be happy to know that today Yahoo! Inc. (NASDAQ:YHOO) has announced that they have renewed their alliance with Stamford, Connecticut-based NBC Sports group. This partnership will now bring even more content to the viewers of Yahoo as well as NBC Sports, including the Golf Channel, regional team reports and Premier League highlights. Yahoo! Inc. (NASDAQ:YHOO) will continue to offer users access to NBC’s live streaming properties which include: Sunday Night Football, Notre Dame Football, NHL, NASCAR, Premier League, PGA TOUR, LPGA and more. The companies will also continue to work together on creative advertising offerings for their clients.

“We’re thrilled to not only continue our relationship with NBC Sports but also to expand the partnership as we work to bring more premium digital sports content to our users,” said Ian Weingarten, SVP of Corporate Development and Partnerships at Yahoo.

The stock is up 0.03% or $0.01 following the news, hitting $32.96 per share. About 4.08 million shares traded hands. YHOO has declined 25.72% since May 18, 2015 and is downtrending. It has underperformed the S&P500 by 23.46%.

From a total of 25 analysts covering Yahoo! Inc. (NASDAQ:YHOO) stock, 16 rate it a “Buy”, 0 a “Sell”, and 9 a “Hold”. This means that 64% 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 $42.71 which is 29.58% above today’s ($32.96) stock price. Yahoo! Inc. was the topic of 59 analyst reports since July 22, 2015 according to the firm StockzIntelligence Inc. SunTrust maintained shares on December 10 with a “Buy” rating. Cowen & Co maintained shares with a”Market Perform” rating and a $35 target share price in their report from an October 21. FBR Capital maintained YHOO stock in a recent report from December 9 with a “Outperform” rating. RBC Capital Markets maintained the rating on October 21. RBC Capital Markets has a “Sector Perform” rating and a $42 price target on shares. Finally, Oppenheimer maintained the stock with a “Outperform” rating in a report they issued on an October 21.

The institutional sentiment decreased to 0.8 in Q2 2015. It’s down 0.23, from 1.03 in 2015Q2. The ratio dropped, as 113 funds sold all their Yahoo! Inc. shares they owned while 235 reduced their positions. 60 funds bought stakes while 220 increased their total positions. Institutions now own 619.16 million shares which is 2.60% less than the previous share count of 635.68 million in 2015Q2.

Stonehill Capital Management Llc holds 60.89% of its total portfolio in Yahoo! Inc., equating to 5.71 million shares. Zenit Asset Management Ab owns 4.42 million shares representing 22.25% of their total US portfolio. Moreover, Indaba Capital Management L.P. has 21.81% of their total portfolio invested in the company, equating to 2.31 million shares. The United Kingdom-based Davide Leone & Partners Investment Co Llp has a total of 17.99% of their portfolio invested in the stock. Owl Creek Asset Management L.P., a New York-based fund reported 9.97 million shares owned.

Yahoo! Inc. is a technology company

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