LinkedIn Corp. (NYSE:LNKD)‘s stock had its “sell” rating reaffirmed by TheStreet in a research note issued on Tuesday, Stock Ratings Network.com reports.
The analysts wrote, “LinkedIn (LNKD) has been reiterated by TheStreet Ratings as a sell with a ratings score of D+. The company’s weaknesses can be seen in multiple areas, such as its unimpressive growth in net income and disappointing return on equity.”
Several other analysts have also recently commented on the stock. Analysts at BMO Capital Markets upgraded shares of LinkedIn Corp. from a “market perform” rating to an “outperform” rating in a research note to investors on Friday. They now have a $270.00 price target on the stock, up previously from $235.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of LinkedIn Corp. in a research note to investors on Monday, December 2nd. They now have a $235.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of LinkedIn Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, seventeen have issued a hold rating and seventeen have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $241.79.
LinkedIn Corp. (NYSE:LNKD) opened at 234.81 on Tuesday. LinkedIn Corp. has a one year low of $109.80 and a one year high of $257.56. The stock has a 50-day moving average of $225.8 and a 200-day moving average of $217.1. The company has a market cap of $28.037 billion and a P/E ratio of 1057.70.
LinkedIn Corp. (NYSE:LNKD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.07. The company had revenue of $393.00 million for the quarter, compared to the consensus estimate of $385.57 million. During the same quarter last year, the company posted $0.22 earnings per share. LinkedIn Corp.’s revenue was up 56.0% compared to the same quarter last year. Analysts expect that LinkedIn Corp. will post $1.61 EPS for the current fiscal year.
In other LinkedIn Corp. news, VP Erika Rottenberg sold 2,000 shares of the stock on the open market in a transaction that occurred on Thursday, December 5th. The stock was sold at an average price of $220.58, for a total transaction of $441,160.00. Following the completion of the sale, the vice president now directly owns 24,590 shares of the company’s stock, valued at approximately $5,424,062. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
LinkedIn Corporation (NYSE:LNKD) is a professional network on the Internet with more than 238 million members in over 200 countries and territories.
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