Facebook Receives “Outperform” Rating from William Blair (FB)
Facebook (NASDAQ:FB)‘s stock had its “outperform” rating restated by research analysts at William Blair in a report released on Friday, Stock Ratings Network.com reports.
The analysts wrote, “Over the past few weeks, we spoke with several private companies and advertisers about their experiences with and views on Facebook. Our conversations focused on the continued growth of its mobile product offering, the rollout of video ads, and the monetization of Instagram.”
Shares of Facebook (NASDAQ:FB) traded up 3.00% on Friday, hitting $50.66. The stock had a trading volume of 45,726,152 shares. Facebook has a 1-year low of $18.80 and a 1-year high of $51.60. The stock’s 50-day moving average is $43. and its 200-day moving average is $31.4. The company has a market cap of $123.4 billion and a price-to-earnings ratio of 222.55.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.05. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 53.1% on a year-over-year basis. Analysts expect that Facebook will post $0.72 EPS for the current fiscal year.
In other Facebook news, COO Sheryl Sandberg unloaded 176,452 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $49.06, for a total transaction of $8,656,735.12. Following the completion of the transaction, the chief operating officer now directly owns 12,123,507 shares in the company, valued at approximately $594,779,253. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
FB has been the subject of a number of other recent research reports. Analysts at Sterne Agee set a $58.00 price target on shares of Facebook (NASDAQ:FB) in a research note to investors on Friday. They now have a “buy” rating on the stock. Separately, analysts at Macquarie set a $62.00 price target on shares of Facebook (NASDAQ:FB) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Finally, analysts at Pivotal Research downgraded shares of Facebook (NASDAQ:FB) from a “buy” rating to a “hold” rating in a research note to investors on Thursday. They now have a $48.00 price target on the stock. They noted that the move was a valuation call. Eleven analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $48.35.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.
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