Facebook Stock Rating Reaffirmed by Goldman Sachs (FB)
In other Facebook news, COO Sheryl Sandberg unloaded 283,334 shares of the stock on the open market in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $68.10, for a total transaction of $19,295,045.40. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
FB has been the subject of a number of other recent research reports. Analysts at Barclays initiated coverage on shares of Facebook in a research note on Thursday, June 26th. They set an “overweight” rating and a $78.00 price target on the stock. Separately, analysts at Sterne Agee reiterated a “buy” rating on shares of Facebook in a research note on Monday, June 23rd. They now have a $80.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Facebook in a research note on Wednesday, May 28th. They now have a $67.00 price target on the stock. Seven analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. Facebook presently has a consensus rating of “Buy” and a consensus target price of $74.51.
Facebook (NASDAQ:FB) opened at 66.45 on Thursday. Facebook has a 52-week low of $24.20 and a 52-week high of $72.59. The stock’s 50-day moving average is $63.59 and its 200-day moving average is $61.94. The company has a market cap of $170.5 billion and a P/E ratio of 88.27.
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 $1.43 earnings per share for the current fiscal year.
Facebook, Inc (NASDAQ:FB) is engaged in building products to create utility for users, developers, and advertisers.
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