LinkedIn Corp. Receives Sell Rating from TheStreet (LNKD)
LinkedIn Corp. (NYSE:LNKD)‘s stock had its “sell” rating restated by equities researchers at TheStreet in a research report issued on Thursday, AnalystRatingsNetwork.com reports.
The analysts wrote, “LinkedIn (LNKD) has been reiterated by TheStreet Ratings as a sell with a ratings score of D+. The company’s weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and disappointing return on equity.”
Shares of LinkedIn Corp. (NYSE:LNKD) opened at 214.665 on Thursday. LinkedIn Corp. has a 52 week low of $122.08 and a 52 week high of $257.56. The stock has a 50-day moving average of $215.0 and a 200-day moving average of $227.7. The company has a market cap of $25.632 billion and a P/E ratio of 965.59.
In other LinkedIn Corp. news, CEO Jeff Weiner sold 37,000 shares of the stock on the open market in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $212.21, for a total transaction of $7,851,770.00. Following the transaction, the chief executive officer now directly owns 174,901 shares in the company, valued at approximately $37,115,741. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
LNKD has been the subject of a number of other recent research reports. Analysts at Cowen and Company reiterated a “market perform” rating on shares of LinkedIn Corp. in a research note to investors on Wednesday. Separately, analysts at Topeka Capital Markets initiated coverage on shares of LinkedIn Corp. in a research note to investors on Friday, January 17th. They set a “hold” rating on the stock. Finally, analysts at FBN Securities initiated coverage on shares of LinkedIn Corp. in a research note to investors on Tuesday, January 14th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a sell rating, seventeen have given a hold rating and seventeen have assigned a buy rating to the company’s stock. LinkedIn Corp. has a consensus rating of “Hold” and an average price target of $246.47.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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.