EarthLink Holdings Corp. (NASDAQ:ELNK) Given Consensus Recommendation of “Hold” by Brokerages
EarthLink Holdings Corp. (NASDAQ:ELNK) has been given a consensus rating of “Hold” by the six analysts that are covering the stock. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $14.00.
Several equities research analysts recently issued reports on the company. B. Riley reiterated a “buy” rating and issued a $10.00 price target on shares of EarthLink Holdings Corp. in a research note on Thursday, August 4th. Zacks Investment Research cut EarthLink Holdings Corp. from a “strong-buy” rating to a “hold” rating in a research note on Monday, June 20th. Mitsubishi UFJ Financial Group cut EarthLink Holdings Corp. from a “neutral” rating to an “underweight” rating in a research note on Friday, June 10th. Finally, Barclays PLC boosted their price target on EarthLink Holdings Corp. to $18.00 and gave the company a “neutral” rating in a research note on Thursday, August 18th.
In other EarthLink Holdings Corp. news, EVP Rick C. Froehlich sold 31,499 shares of the company’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $6.33, for a total transaction of $199,388.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.70% of the company’s stock.
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A number of large investors have recently added to or reduced their stakes in ELNK. Commonwealth Equity Services Inc boosted its stake in EarthLink Holdings Corp. by 6.5% in the second quarter. Commonwealth Equity Services Inc now owns 16,460 shares of the company’s stock valued at $105,000 after buying an additional 1,001 shares during the last quarter. BlackRock Japan Co. Ltd boosted its stake in EarthLink Holdings Corp. by 2,608.3% in the second quarter. BlackRock Japan Co. Ltd now owns 17,550 shares of the company’s stock valued at $112,000 after buying an additional 16,902 shares during the last quarter. Clinton Group Inc. acquired a new stake in EarthLink Holdings Corp. during the second quarter valued at $114,000. Suntrust Banks Inc. boosted its stake in EarthLink Holdings Corp. by 15.3% in the second quarter. Suntrust Banks Inc. now owns 18,343 shares of the company’s stock valued at $116,000 after buying an additional 2,428 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in EarthLink Holdings Corp. during the second quarter valued at $125,000. Hedge funds and other institutional investors own 89.02% of the company’s stock.
EarthLink Holdings Corp. (NASDAQ:ELNK) traded down 1.82% during midday trading on Wednesday, hitting $5.93. The stock had a trading volume of 318,791 shares. The stock’s market cap is $625.58 million. EarthLink Holdings Corp. has a 1-year low of $4.97 and a 1-year high of $9.86. The company has a 50-day moving average of $6.43 and a 200-day moving average of $6.25.
EarthLink Holdings Corp. (NASDAQ:ELNK) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. The business earned $240.40 million during the quarter, compared to analysts’ expectations of $246.40 million. EarthLink Holdings Corp. had a negative return on equity of 43.21% and a negative net margin of 1.06%. The firm’s revenue for the quarter was down 15.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.10) earnings per share. Equities research analysts forecast that EarthLink Holdings Corp. will post $0.08 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 4th. Shareholders of record on Tuesday, September 20th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, September 16th. EarthLink Holdings Corp.’s payout ratio is presently -181.82%.
EarthLink Holdings Corp. Company Profile
EarthLink, Inc (EarthLink), is a network, communications and information technology (IT) services provider to business and residential customers in the United States. The Company operates in two segments: Business Services and Consumer Services. EarthLink’s Business Services segment provides a range of data, voice, managed IT and equipment services to business customers.
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