Yahoo! Inc. (NASDAQ:YHOO), with 0.96% gains in previous 5 sessions, is under coverage of 31 analysts who collectively assign a hold rating on stock. 13 of the brokerages firms have a buy or better rating; the 0 sells versus 0 underperforms. The 24 stock analysts who cover the stock have an average PT at $46.13, with individual targets in the range of $32 to $55. The shares ended last trade at $40.91, implying that Wall Street analysts see shares climbing about 12.76 per cent in 12 months’ time.
Insider Trading News: Insiders at the company look pessimistic about the outlook as they seem to offload shares while they have 23 jumped so far this year. A Chief Revenue Officer at Yahoo! Inc. (YHOO) sold shares in a trading activity completed on Friday December 09, 2016. Utzschneider Lisa offloaded 339 shares in the company at a per-share price of $41.52 and ended up generating $14,080 in proceeds. Utzschneider Lisa retains 589,913 shares in the stock after this transaction. A Chief Revenue Officer in the company, Utzschneider Lisa, on Wednesday November 30, 2016 collected $28,430 from the sale of 683 shares at a per-share price of $41.52. Insiders are expected to have better knowledge about the health and prospects of their company, which is why insiders’ move deserves attention.
Yahoo! Inc. (NASDAQ:YHOO) Earnings on Tap
Investors interested in trading YHOO stock at the current market price of $40.91/share should know the company will next release quarterly results for the December 2016 quarter. For the reporting quarter, equity analysts expect the stock to deliver $0.21 in earnings per share (EPS). That would represent a 61.54 per cent year-over-year increase. Revenue for the same quarter is predicted to arrive at $1.38B.
Historical Quarterly Earnings: Last quarter, Yahoo! Inc. generated nearly $1.31B in sales and net income of $0.2/share. That compares with the mean forecast $1.3B and $0.14/share, respectively. For the prior quarter revenue for the stock hit $1.31B, with EPS at $0.09.
Yahoo! Inc. (YHOO) Analyst Rating News
Jefferies is following shares of Yahoo! Inc. (YHOO), so its rating change is noteworthy. The company stock was downgraded to Hold from Buy, wrote analysts at Jefferies, in a research note issued to clients on Friday October 21, 2016. There was another key research note provided by Needham on Tuesday October 18, 2016. The firm lowered its rating on YHOO from Buy to Hold.
Price Potential: Even though the stock has posted -1.35% fall in value, its new closing price reflects a -8.93% fall in value from company’s one year high of $44.92. The stock is currently holding below its 50-day SMA of $40.92 and above its 200-day SMA of $40.52. Over the last 3 months and over the last 6 months, the shares of Yahoo! Inc. (YHOO), have changed -7% and 9.41%, respectively.
Yahoo! Inc. (NASDAQ:YHOO) recently reported that it has identified data security issues concerning certain Yahoo user accounts. Yahoo has taken steps to secure user accounts and is working closely with law enforcement.
As Yahoo previously disclosed in November, law enforcement provided the company with data files that a third party claimed was Yahoo user data. The company analyzed this data with the assistance of outside forensic experts and found that it appears to be Yahoo user data. Based on further analysis of this data by the forensic experts, Yahoo believes an unauthorized third party, in August 2013, stole data associated with more than one billion user accounts. The company has not been able to identify the intrusion associated with this theft. Yahoo believes this incident is likely distinct from the incident the company disclosed on September 22, 2016.
For potentially affected accounts, the stolen user account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (using MD5) and, in some cases, encrypted or unencrypted security questions and answers. The investigation indicates that the stolen information did not include passwords in clear text, payment card data, or bank account information. Payment card data and bank account information are not stored in the system the company believes was affected.
Yahoo is notifying potentially affected users and has taken steps to secure their accounts, including requiring users to change their passwords. Yahoo has also invalidated unencrypted security questions and answers so that they cannot be used to access an account.
Separately, Yahoo previously disclosed that its outside forensic experts were investigating the creation of forged cookies that could allow an intruder to access users’ accounts without a password. Based on the ongoing investigation, the company believes an unauthorized third party accessed the company’s proprietary code to learn how to forge cookies. The outside forensic experts have identified user accounts for which they believe forged cookies were taken or used. Yahoo is notifying the affected account holders, and has invalidated the forged cookies. The company has connected some of this activity to the same state-sponsored actor believed to be responsible for the data theft the company disclosed on September 22, 2016.