The Street links sell rating to LinkedIn Corp (NYSE:LNKD)

Posted by George Brook August 28, 2013 0 Comment 982 views

In a report issued on Monday, The Street reconfirmed their “sell” rating on LinkedIn Corp (NYSE:LNKD) shares. The Street analysts’ commented that the company has quite a few negative areas. One important negative point is the premium –valuation that is based on their review of the company’s current price in comparison to the factors such as book value and earnings.

Analyst speak

Recently, many other analysts have weighed-in on the company. Northland Securities analysts’ raised their price-target on LinkedIn shares and moved them up from $178.00 to $218.00 on 15 August. Northland Capital Partners raised their price target for the company’s shares from $178 to $218.00 on that same day and now have a “market perform” rating in the stock. Needham & Company analysts’ upgraded LNKD shares from a “hold” to a “buy” rating on 12 August and have now set a price-target of $280 on the company stock.

One investment-analyst has rated the stock as a “buy”, 13 analysts have assigned a “hold” rating while 15 have given it a “buy” rating. At the moment, the average rating on the stock is a “hold” and the average price-target is $224.17.

Tuesday’s trade

In Tuesday’s trading session LNKD stock dipped by 2.67%. the opening price of the shares was $238.88 which rose to an intraday high of $242.38 and dropped to close at $ 235.92. More than 1.59 million shares were traded on Tuesday while the average volume of shares traded over 30 days was 1,84 million. The company has a market cap of $30.77 billion.

About the company

LNKD is a professional internet social network and has over 90M members spread across 200 territories and countries. Via its platform, members can create, manage as well as share their professional-identity via the internet. They can also engage and build their professional network, access insights and share information.

About George Brook

George Brook covers money and politics for GDP Insider. George is a veteran journalist who has also covered Congress, national political conventions and presidential politics. George also covers the White House as well as economic and domestic policy for GDP insider. George's reporting has won numerous awards, including two Scripps Howard awards, two National Headliners, two Gerald Loeb Awards, as well as honors from Sigma Delta Chi and the National Press Club.

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