Facebook’s (FB) Sell Rating Reaffirmed at Pivotal Research

Facebook (NASDAQ:FB)‘s stock had its “sell” rating reaffirmed by equities researchers at Pivotal Research in a report released on Monday. They currently have a $152.00 price target on the social networking company’s stock. Pivotal Research’s price target would suggest a potential downside of 13.84% from the company’s current price.

The analysts wrote, “We note that these comments were generally consistent with observations we have found recently, which indicates that marketers are unlikely to cut their spending because of concerns about the social ills of social media. However, spending will change if consumer behaviors on those media change, and spending will further be impacted by practical limits to growth in budgets for advertising, which for us remains as a key concern on the growth potential for digital media companies we cover.””

Other research analysts have also recently issued research reports about the company. BidaskClub raised Facebook from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 10th. Vetr raised Facebook from a “buy” rating to a “strong-buy” rating and set a $210.43 price objective on the stock in a research note on Wednesday, January 10th. Aegis increased their price objective on Facebook from $215.00 to $220.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Citigroup reissued a “buy” rating and issued a $220.00 price objective on shares of Facebook in a research note on Thursday, February 1st. They noted that the move was a valuation call. Finally, JMP Securities set a $235.00 price objective on Facebook and gave the stock a “buy” rating in a research note on Thursday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, forty-two have given a buy rating and two have given a strong buy rating to the stock. Facebook currently has a consensus rating of “Buy” and an average price target of $214.70.

Facebook (NASDAQ:FB) traded up $0.30 on Monday, hitting $176.41. The stock had a trading volume of 29,807,521 shares, compared to its average volume of 26,803,363. The company has a market capitalization of $513,790.00, a PE ratio of 32.73, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. Facebook has a 1 year low of $132.55 and a 1 year high of $195.32.

Facebook (NASDAQ:FB) last released its earnings results on Wednesday, January 31st. The social networking company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.24. The firm had revenue of $12.97 billion for the quarter, compared to analysts’ expectations of $12.58 billion. Facebook had a return on equity of 26.49% and a net margin of 39.16%. research analysts expect that Facebook will post 7.22 earnings per share for the current fiscal year.

In other Facebook news, VP Colin Stretch sold 750 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $171.60, for a total transaction of $128,700.00. Following the sale, the vice president now directly owns 84,246 shares of the company’s stock, valued at approximately $14,456,613.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP David B. Fischer sold 5,587 shares of the stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $187.66, for a total value of $1,048,456.42. The disclosure for this sale can be found here. Insiders sold a total of 1,548,013 shares of company stock valued at $278,500,923 in the last 90 days. 17.23% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. Country Trust Bank lifted its stake in Facebook by 550.6% in the 4th quarter. Country Trust Bank now owns 566 shares of the social networking company’s stock worth $100,000 after purchasing an additional 479 shares in the last quarter. Armbruster Capital Management Inc. raised its position in shares of Facebook by 358.4% during the 4th quarter. Armbruster Capital Management Inc. now owns 573 shares of the social networking company’s stock valued at $101,000 after buying an additional 448 shares during the period. Taylor Hoffman Wealth Management purchased a new stake in shares of Facebook during the 4th quarter valued at approximately $103,000. Price Wealth Management Inc. purchased a new stake in shares of Facebook during the 4th quarter valued at approximately $105,000. Finally, Moisand Fitzgerald Tamayo LLC acquired a new stake in Facebook in the 3rd quarter valued at approximately $111,000. Hedge funds and other institutional investors own 57.67% of the company’s stock.

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Facebook Company Profile

Facebook, Inc is focused on building products that enable people to connect and share through mobile devices, personal computers and other surfaces. The Company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus. Facebook enables people to connect, share, discover and communicate with each other on mobile devices and personal computers.

Analyst Recommendations for Facebook (NASDAQ:FB)

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