LinkedIn Corp. Receives Sell Rating from TheStreet (LNKD)
LinkedIn Corp. (NASDAQ:LNKD)‘s stock had its “sell” rating restated by equities research analysts at TheStreet in a research note issued to investors on Tuesday, AnalystRatings.Net reports.
The analysts wrote, “LinkedIn (LNKD) has been reiterated by TheStreet Ratings as a sell with a ratings score of D+. The area that we feel has been the company’s primary weakness has been its disappointing return on equity.”
A number of other analysts have also recently weighed in on LNKD. Analysts at Macquarie raised their price target on shares of LinkedIn Corp. from $260.00 to $285.00 in a research note to investors on Monday, September 30th. They now have a “buy” rating on the stock. Separately, analysts at Wunderlich raised their price target on shares of LinkedIn Corp. from $250.00 to $280.00 in a research note to investors on Thursday, September 26th. They now have a “buy” rating on the stock. Finally, analysts at Evercore Partners reiterated an “overweight” rating on shares of LinkedIn Corp. in a research note to investors on Tuesday, September 24th. They now have a $280.00 price target on the stock, up previously from $250.00. One analyst has rated the stock with a sell rating, thirteen have given a hold rating and sixteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $230.10.
LinkedIn Corp. (NASDAQ:LNKD) traded down 6.21% during mid-day trading on Tuesday, hitting $222.47. 2,548,005 shares of the company’s stock traded hands. LinkedIn Corp. has a 52-week low of $94.75 and a 52-week high of $257.56. The stock’s 50-day moving average is $244.3 and its 200-day moving average is $202.0. The company has a market cap of $24.939 billion and a price-to-earnings ratio of 901.94.
LinkedIn Corp. (NASDAQ:LNKD) last announced its earnings results on Thursday, August 1st. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 59.4% on a year-over-year basis.
In other LinkedIn Corp. news, Director David L. Sze unloaded 6,250 shares of LinkedIn Corp. stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $248.03, for a total transaction of $1,550,187.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
LinkedIn Corporation (NASDAQ:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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