LinkedIn Corp Receives Average Rating of “Buy” from Analysts (NYSE:LNKD)
Shares of LinkedIn Corp (NYSE:LNKD) have been given an average recommendation of “Buy” by the thirty-seven ratings firms that are covering the company, Stock Ratings Network reports. One equities research analyst has rated the stock with a sell recommendation, nine have assigned a hold recommendation and fifteen have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $230.90.
LNKD has been the subject of a number of recent research reports. Analysts at Piper Jaffray raised their price target on shares of LinkedIn Corp from $270.00 to $282.00 in a research note on Friday, August 1st. Separately, analysts at Wedbush raised their price target on shares of LinkedIn Corp from $170.00 to $200.00 in a research note on Friday, August 1st. Finally, analysts at FBR Capital Markets raised their price target on shares of LinkedIn Corp from $141.00 to $156.00 in a research note on Friday, August 1st. They now have a “market perform” rating on the stock.
LinkedIn Corp (NYSE:LNKD) opened at 208.12 on Tuesday. LinkedIn Corp has a 52 week low of $136.02 and a 52 week high of $257.56. The stock has a 50-day moving average of $174.1 and a 200-day moving average of $178.8. The company’s market cap is $25.580 billion.
LinkedIn Corp (NYSE:LNKD) last released its earnings data on Thursday, July 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.12. The company had revenue of $534.00 million for the quarter, compared to the consensus estimate of $511.03 million. During the same quarter last year, the company posted $0.38 earnings per share. LinkedIn Corp’s revenue was up 46.8% compared to the same quarter last year. On average, analysts predict that LinkedIn Corp will post $1.87 earnings per share for the current fiscal year.
In other LinkedIn Corp news, SVP James Kevin Scott sold 5,608 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $206.35, for a total value of $1,157,210.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
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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