LinkedIn Corp. Receives Neutral Rating from SunTrust (LNKD)
LinkedIn Corp. (NASDAQ:LNKD)‘s stock had its “neutral” rating restated by equities researchers at SunTrust in a research report issued on Monday, StockRatingsNetwork.com reports.
The analysts wrote, “We consider LinkedIn to be more of a PaaS or SaaS company, and therefore derive our valuation assumptions more from consideration of deferred revenue and bookings as well as traditional measures of EV/Revenues, EV/EBITDA and EV/FCF. We base our price target on our central tendency of value which factors in EV/Revenues, EV/EBITDA, P/FCF, and P/E, all adjusted for the growth prospects and lifecycle of the firm. Our analysis generates a 2014 price target of $250, favoring EV/Revenues and EV/EBITDA considering the stage of growth.”
Shares of LinkedIn Corp. (NASDAQ:LNKD) opened at 243.90 on Monday. LinkedIn Corp. has a one year low of $94.75 and a one year high of $257.56. The stock has a 50-day moving average of $240.4 and a 200-day moving average of $196.1. The company has a market cap of $27.341 billion and a P/E ratio of 927.38.
LinkedIn Corp. (NASDAQ:LNKD) last released its earnings data on Thursday, August 1st. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.31 by $0.07. The company had revenue of $363.70 million for the quarter, compared to the consensus estimate of $354.01 million. During the same quarter last year, the company posted $0.16 earnings per share. LinkedIn Corp.’s revenue was up 59.4% compared to the same quarter last year. On average, analysts predict that LinkedIn Corp. will post $1.54 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on LNKD. Analysts at CRT Capital initiated coverage on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Thursday. They set a “buy” rating and a $302.00 price target on the stock. Separately, analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Tuesday, September 10th. Finally, analysts at Wunderlich reiterated a “buy” rating on shares of LinkedIn Corp. (NASDAQ:LNKD) in a research note to investors on Wednesday, September 4th. They now have a $250.00 price target on the stock.
One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $227.17.
In other LinkedIn Corp. news, CEO Jeff Weiner sold 37,000 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $246.74, for a total transaction of $9,129,380.00. Following the completion of the sale, the chief executive officer now directly owns 181,835 shares in the company, valued at approximately $44,865,968. The sale was disclosed in a document filed with the SEC, which is available at this link.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 90 million members in over 200 countries and territories.
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