Yahoo! Inc. (NASDAQ:YHOO) has confirmed that a copy of certain user account information was stolen from the company’s network in late 2014 by what it believes is a state-sponsored actor. The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. The ongoing investigation suggests that stolen information did not include unprotected passwords, payment card data, or bank account information; payment card data and bank account information are not stored in the system that the investigation has found to be affected. Based on the ongoing investigation, Yahoo believes that information associated with at least 500 million user accounts was stolen and the investigation has found no evidence that the state-sponsored actor is currently in Yahoo’s network. Yahoo is working closely with law enforcement on this matter. (Original Source)
Shares of Yahoo! are currently trading at $43.90, down $0.24 or -0.56%. YHOO has a 1-year high of $44.92 and a 1-year low of $26.15. The stock’s 50-day moving average is $42.34 and its 200-day moving average is $38.18.
On the ratings front, YHOO stock has been the subject of a number of recent research reports. In a report released yesterday, Suntrust Robinson Humphrey analyst Robert Peck maintained a Hold rating on YHOO, with a price target of $42, which represents a slight downside potential from current levels. Separately, on September 16, Oppenheimer’s Jason Helfstein reiterated a Buy rating on the stock and has a price target of $55.
According to TipRanks.com, which ranks over 7,500 financial analysts and bloggers to gauge the performance of their past recommendations, Robert Peck and Jason Helfstein have a total average return of 8.7% and 9.5% respectively. Peck has a success rate of 67% and is ranked #148 out of 4175 analysts, while Helfstein has a success rate of 58% and is ranked #166.
Overall, 13 research analysts have assigned a Hold rating and 13 research analysts have given a Buy rating to the stock. When considering if perhaps the stock is under or overvalued, the average price target is $42.62 which is -3.0% under where the stock opened today.
Yahoo!, Inc. operates as a digital media company that is focused on informing, connecting, and entertaining users through research, communications, and digital content products. It operates through the following geographical segments: Americas; Europe, Middle East, and Africa (EMEA); and Asia Pacific.