Facebook Given Positive Rating at Cowen and Company (FB)
Facebook (NASDAQ:FB)‘s stock had its “positive” rating reiterated by investment analysts at Cowen and Company in a note issued to investors on Tuesday, AnalystRatingsNetwork.com reports.
Facebook (NASDAQ:FB) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.25 EPS for the quarter, beating the Thomson Reuters 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.
A number of other firms have also recently commented on FB. Analysts at Cantor Fitzgerald reiterated an “in-line” rating on shares of Facebook in a research note to investors on Monday. Separately, analysts at TheStreet reiterated a “hold” rating on shares of Facebook in a research note to investors on Wednesday, January 22nd. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and thirty-seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $60.78.
In other Facebook news, CFO David Ebersman unloaded 23,400 shares of the company’s stock on the open market in a transaction dated Thursday, January 23rd. The shares were sold at an average price of $57.59, for a total value of $1,347,606.00. Following the transaction, the chief financial officer now directly owns 309,745 shares of the company’s stock, valued at approximately $17,838,215. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Facebook, Inc (NASDAQ:FB), is engaged in building products to create utility for users, developers, and advertisers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.