Yahoo! Inc. (NASDAQ:YHOO) was upgraded by analysts at Pivotal Research from a “hold” rating to a “buy” rating in a research note issued on Monday, MarketBeat reports. The firm currently has a $36.00 target price on the digital content provider’s stock, down from their prior target price of $37.00. Pivotal Research’s target price points to a potential upside of 21.01% from the stock’s previous close.

Several other equities analysts have also recently issued reports on YHOO. B. Riley cut Yahoo! from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $50.00 to $35.00 in a research note on Wednesday, October 21st. Credit Suisse set a $47.00 price objective on Yahoo! and gave the company a “neutral” rating in a research note on Thursday, January 14th. Evercore ISI lifted their price objective on Yahoo! from $38.00 to $40.00 in a research note on Wednesday, October 28th. RBC Capital restated a “hold” rating and set a $42.00 target price on shares of Yahoo! in a research note on Wednesday, December 9th. Finally, Boenning Scattergood initiated coverage on Yahoo! in a research note on Wednesday, November 11th. They set an “outperform” rating and a $41.00 target price for the company. Seventeen investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $44.28.

Other hedge funds and institutional investors recently added to or reduced their stakes in the company. KBC Group boosted its position in Yahoo! by 57.4% in the third quarter. KBC Group now owns 418,459 shares of the digital content provider’s stock valued at $12,097,000 after buying an additional 152,628 shares in the last quarter. ING Groep boosted its position in shares of Yahoo! by 3,503.9% in the third quarter. ING Groep now owns 1,974,660 shares of the digital content provider’s stock valued at $57,048,000 after buying an additional 1,919,867 shares in the last quarter. River & Mercantile Asset Management acquired a new position in shares of Yahoo! during the fourth quarter valued at approximately $2,893,000. Water Island Capital boosted its position in shares of Yahoo! by 91.0% in the third quarter. Water Island Capital now owns 410,362 shares of the digital content provider’s stock valued at $11,864,000 after buying an additional 195,504 shares in the last quarter. Finally, Simplex Trading boosted its position in shares of Yahoo! by 15.6% in the fourth quarter. Simplex Trading now owns 3,837 shares of the digital content provider’s stock valued at $444,000 after buying an additional 518 shares in the last quarter.

Yahoo! (NASDAQ:YHOO) opened at 29.75 on Monday. Yahoo! has a 1-year low of $27.20 and a 1-year high of $50.32. The stock has a market capitalization of $28.09 billion and a price-to-earnings ratio of 119.00. The firm’s 50-day moving average is $32.30 and its 200 day moving average is $33.54.

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 (NASDAQ:YHOO), 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.

12 Month Chart for NASDAQ:YHOO

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