LinkedIn Corp Receives Average Rating of “Buy” from Brokerages (NYSE:LNKD)
LinkedIn Corp (NYSE:LNKD) has earned an average recommendation of “Buy” from the thirty-seven ratings firms that are presently covering the company, AnalystRatings.Net reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $229.97.
In other LinkedIn Corp news, Director Reid Hoffman sold 67,369 shares of the company’s stock in a transaction that occurred on Thursday, June 19th. The shares were sold at an average price of $170.11, for a total value of $11,460,140.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of LinkedIn Corp (NYSE:LNKD) traded up 1.24% during mid-day trading on Tuesday, hitting $170.49. The stock had a trading volume of 242,661 shares. LinkedIn Corp has a one year low of $136.02 and a one year high of $257.56. The stock’s 50-day moving average is $156.6 and its 200-day moving average is $188.6. The company’s market cap is $20.759 billion.
LinkedIn Corp (NYSE:LNKD) last released its earnings data on Thursday, May 1st. The company reported $0.38 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.04. The company had revenue of $473.20 million for the quarter, compared to the consensus estimate of $466.70 million. During the same quarter last year, the company posted $0.45 earnings per share. LinkedIn Corp’s revenue was up 45.7% compared to the same quarter last year. Analysts expect that LinkedIn Corp will post $1.65 EPS for the current fiscal year.
LNKD has been the subject of a number of recent research reports. Analysts at Evercore Partners reiterated an “overweight” rating on shares of LinkedIn Corp in a research note on Tuesday, June 3rd. They now have a $220.00 price target on the stock, down previously from $240.00. Separately, analysts at Stifel Nicolaus cut their price target on shares of LinkedIn Corp from $240.00 to $175.00 in a research note on Monday, May 12th. Finally, analysts at Ned Davis Research upgraded shares of LinkedIn Corp from a “sell” rating to a “neutral” rating in a research note on Monday, May 12th.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with approximately 277 million members in over 200 countries and territories.
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