LinkedIn Corp Receives New Coverage from Analysts at First Analysis (LNKD)
Equities researchers at First Analysis began coverage on shares of LinkedIn Corp (NYSE:LNKD) in a research report issued on Tuesday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
Shares of LinkedIn Corp (NYSE:LNKD) opened at 222.48 on Tuesday. LinkedIn Corp has a one year low of $136.02 and a one year high of $257.56. The stock has a 50-day moving average of $188.9 and a 200-day moving average of $178.6. The company’s market cap is $27.345 billion.
LinkedIn Corp (NYSE:LNKD) last announced its earnings results on Thursday, July 31st. The company reported $0.51 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 46.8% on a year-over-year basis. 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 Dipchand Nishar unloaded 11,820 shares of the company’s stock on the open market in a transaction dated Friday, August 22nd. The stock was sold at an average price of $226.09, for a total value of $2,672,383.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus initiated coverage on shares of LinkedIn Corp in a research note on Wednesday, August 13th. They set a “buy” rating and a $250.00 price target on the stock. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $234.50.
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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