Cantor Fitzgerald Reiterates In-Line Rating for Facebook (FB)
Facebook (NASDAQ:FB)‘s stock had its “in-line” rating reaffirmed by research analysts at Cantor Fitzgerald in a report released on Monday, Analyst Ratings Net reports.
In other Facebook news, CFO David Ebersman sold 23,400 shares of the company’s stock on the open market in a transaction dated Thursday, January 23rd. The stock was sold at an average price of $57.59, for a total value of $1,347,606.00. Following the completion of the sale, the chief financial officer now directly owns 309,745 shares of the company’s stock, valued at approximately $17,838,215. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Facebook (NASDAQ:FB) traded down 2.11% during mid-day trading on Monday, hitting $53.3001. The stock had a trading volume of 40,008,896 shares. Facebook has a 52-week low of $22.67 and a 52-week high of $59.31. The stock’s 50-day moving average is $55.23 and its 200-day moving average is $45.91. The company has a market cap of $130.8 billion and a price-to-earnings ratio of 139.26.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.19 by $0.06. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.91 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 59.7% on a year-over-year basis. On average, analysts predict that Facebook will post $0.84 earnings per share for the current fiscal year.
A number of other firms have also recently commented on FB. Analysts at TheStreet reiterated a “hold” rating on shares of Facebook in a research note to investors on Wednesday, January 22nd. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Facebook in a research note to investors on Wednesday, January 22nd. They now have a $62.00 price target on the stock. Finally, analysts at Raymond James raised their price target on shares of Facebook from $60.00 to $63.00 in a research note to investors on Thursday, January 16th. They now have an “outperform” rating on the stock. Seven analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $60.68.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.
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