LinkedIn Corp. (NYSE:LNKD)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued on Monday, AnalystRatingsNetwork reports. They currently have a $235.00 price objective on the stock. Zacks‘ price target suggests a potential upside of 4.90% from the company’s current price.
Zacks‘ analyst wrote, “LinkedIn reported mixed third-quarter results. Although, the company’s top line surpassed the Zacks Consensus Estimate, the bottom line missed the consensus mark. Year-over-year revenues benefited the most from growth in its Talent Solution and Premium Subscription businesses. The company’s traction in the mobile segment was also encouraging. Moreover, the company upped its guidance. The company is expected to continue its investments in the near term which might impact its profitability. We believe that the investments in strategic products are necessary as LinkedIn faces stiff competition in the professional networking space from its peers. Thus, we reiterate our Neutral recommendation on LinkedIn and set a target price of $235.00.”
LinkedIn Corp. (NYSE:LNKD) traded down 1.41% during mid-day trading on Monday, hitting $220.86. 694,932 shares of the company’s stock traded hands. LinkedIn Corp. has a one year low of $105.12 and a one year high of $257.56. The stock’s 50-day moving average is $227.8 and its 200-day moving average is $214.. The company has a market cap of $26.372 billion and a P/E ratio of 1009.14.
LinkedIn Corp. (NYSE:LNKD) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters 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. On average, analysts predict that LinkedIn Corp. will post $1.61 earnings per share for the current fiscal year.
In other LinkedIn Corp. news, VP Erika Rottenberg sold 2,941 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $223.02, for a total value of $655,901.82. Following the completion of the transaction, the vice president now directly owns 24,590 shares in the company, valued at approximately $5,484,062. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Several other analysts have also recently commented on the stock. Analysts at TheStreet reiterated a “sell” rating on shares of LinkedIn Corp. in a research note to investors on Monday, November 25th. Separately, 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. Finally, analysts at Deutsche Bank initiated coverage on shares of LinkedIn Corp. in a research note to investors on Thursday, November 21st. They set a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, eighteen have given a hold rating and sixteen have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $240.73.
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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