Facebook Stock Rating Reaffirmed by Zacks (FB)
Facebook (NASDAQ:FB)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Friday, ARN reports. They currently have a $64.00 target price on the stock. Zacks‘s price target indicates a potential upside of 5.14% from the company’s current price.
Facebook (NASDAQ:FB) traded down 4.76% on Friday, hitting $57.975. 74,686,136 shares of the company’s stock traded hands. Facebook has a 1-year low of $22.67 and a 1-year high of $72.59. The stock’s 50-day moving average is $63.46 and its 200-day moving average is $57.23. The company has a market cap of $147.5 billion and a price-to-earnings ratio of 78.75.
Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.24 by $0.10. The company had revenue of $2.50 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the prior year, the company posted $0.12 earnings per share. The company’s quarterly revenue was up 71.6% on a year-over-year basis. On average, analysts predict that Facebook will post $1.42 earnings per share for the current fiscal year.
In other Facebook news, COO Sheryl Sandberg sold 283,334 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $62.87, for a total value of $17,813,208.58. Following the sale, the chief operating officer now directly owns 8,701,560 shares in the company, valued at approximately $547,067,077. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at CRT Capital reiterated a “buy” rating on shares of Facebook in a research note on Thursday. They now have a $80.00 price target on the stock. Separately, analysts at Morgan Stanley raised their price target on shares of Facebook from $72.00 to $73.00 in a research note on Thursday. Finally, analysts at JMP Securities raised their price target on shares of Facebook from $82.00 to $83.00 in a research note on Thursday. They now have a “market outperform” rating on the stock. Seven analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $74.71.
Facebook, Inc (NASDAQ:FB) is engaged in building products to create utility for users, developers, and advertisers.
To view Zacks’ full report, visit Zacks’ official website.
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