TheStreet Reiterates “Sell” Rating for LinkedIn Corp. (LNKD)
LinkedIn Corp. (NASDAQ:LNKD)‘s stock had its “sell” rating reaffirmed by equities research analysts at TheStreet in a research note issued to investors on Friday, Analyst Ratings.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.”
In other LinkedIn Corp. news, SVP Michael Gamson unloaded 8,747 shares of the stock on the open market in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $234.10, for a total value of $2,047,672.70. Following the sale, the senior vice president now directly owns 12,789 shares in the company, valued at approximately $2,993,905. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
LinkedIn Corp. (NASDAQ:LNKD) traded up 2.74% during mid-day trading on Friday, hitting $246.58. 1,188,189 shares of the company’s stock traded hands. LinkedIn Corp. has a one year low of $94.75 and a one year high of $257.56. The stock’s 50-day moving average is $243.1 and its 200-day moving average is $204.5. The company has a market cap of $27.641 billion and a price-to-earnings ratio of 912.55.
LinkedIn Corp. (NASDAQ:LNKD) last issued its quarterly earnings data 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 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. Analysts expect that LinkedIn Corp. will post $1.54 EPS for the current fiscal year.
LNKD has been the subject of a number of other recent research reports. 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 assigned a buy rating to the company’s stock. LinkedIn Corp. presently has a consensus rating of “Buy” and a consensus target price of $230.10.
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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