News coverage about Facebook (NASDAQ:FB) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Facebook earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned press coverage about the social networking company an impact score of 45.8561648728394 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
A number of analysts have recently weighed in on FB shares. Aegis reiterated a “buy” rating on shares of Facebook in a research note on Monday, May 22nd. Needham & Company LLC restated a “buy” rating and set a $165.00 price objective on shares of Facebook in a research note on Monday, May 22nd. Instinet restated a “buy” rating on shares of Facebook in a research note on Friday, June 2nd. Vetr upgraded shares of Facebook from a “hold” rating to a “buy” rating and set a $157.52 price objective on the stock in a research note on Wednesday, May 31st. Finally, Moffett Nathanson restated a “buy” rating on shares of Facebook in a research note on Friday, June 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating, forty-three have assigned a buy rating and three have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $183.74.
Shares of Facebook (NASDAQ:FB) traded up 0.40% during midday trading on Friday, hitting $171.64. The company’s stock had a trading volume of 15,660,539 shares. The company has a market cap of $498.48 billion, a P/E ratio of 38.42 and a beta of 0.76. Facebook has a 1-year low of $113.55 and a 1-year high of $175.49. The company has a 50-day moving average price of $170.10 and a 200 day moving average price of $153.80.
Facebook (NASDAQ:FB) last posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.19. Facebook had a return on equity of 21.73% and a net margin of 38.84%. The firm had revenue of $9.32 billion for the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The business’s quarterly revenue was up 44.8% on a year-over-year basis. On average, equities research analysts predict that Facebook will post $5.33 EPS for the current year.
In other news, VP Colin Stretch sold 750 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $152.87, for a total transaction of $114,652.50. Following the transaction, the vice president now directly owns 87,656 shares of the company’s stock, valued at $13,399,972.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Sheryl Sandberg sold 131,500 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $152.65, for a total value of $20,073,475.00. The disclosure for this sale can be found here. Insiders sold 13,109,908 shares of company stock worth $2,140,922,321 in the last quarter. 19.08% of the stock is currently owned by company insiders.
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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.
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