Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Facebook (FB) Share Price
Media headlines about Facebook (NASDAQ:FB) have trended somewhat positive on Wednesday, Accern Sentiment reports. The research group scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public 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 0.08 on Accern’s scale. Accern also assigned media coverage about the social networking company an impact score of 46.4030505060824 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- France proposes age-of-consent rule for Facebook users (feeds.reuters.com)
- Facebook found just three Russian-bought Brexit ads, amounting to less than $1 (cnbc.com)
- Google, Facebook founders were naive about propaganda, extremist content, say Silicon Valley titans (cnbc.com)
- WWE Bringing ‘Mixed Match Challenge’ Series Exclusively To Facebook Watch (feeds.benzinga.com)
- PATRIOT and High-end Gaming Brand VIPER Attend CES this January (prweb.com)
Several brokerages have recently issued reports on FB. Vetr upgraded Facebook from a “buy” rating to a “strong-buy” rating and set a $198.52 price objective for the company in a research note on Wednesday. Wells Fargo & Company reaffirmed a “buy” rating and set a $215.00 target price on shares of Facebook in a report on Tuesday, December 5th. Evercore ISI assumed coverage on Facebook in a report on Tuesday, December 5th. They set an “outperform” rating and a $225.00 target price on the stock. MKM Partners raised their target price on Facebook to $240.00 and gave the stock a “buy” rating in a report on Friday, December 1st. Finally, Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $202.00 target price on the stock in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the stock. Facebook currently has a consensus rating of “Buy” and an average target price of $200.73.
Facebook (NASDAQ FB) traded up $1.34 on Wednesday, reaching $178.30. The company had a trading volume of 14,534,003 shares, compared to its average volume of 16,956,869. Facebook has a 1 year low of $114.77 and a 1 year high of $184.25. The firm has a market cap of $520,255.88, a PE ratio of 34.50, a price-to-earnings-growth ratio of 1.14 and a beta of 0.69.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, November 1st. The social networking company reported $1.59 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.31. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm had revenue of $10.33 billion during the quarter, compared to analysts’ expectations of $9.84 billion. During the same period in the previous year, the firm posted $1.09 EPS. Facebook’s revenue for the quarter was up 47.3% on a year-over-year basis. research analysts expect that Facebook will post 5.86 EPS for the current fiscal year.
In other news, VP Colin Stretch sold 750 shares of the company’s stock in a transaction dated Tuesday, September 26th. The stock was sold at an average price of $164.21, for a total transaction of $123,157.50. Following the completion of the transaction, the vice president now directly owns 92,591 shares of the company’s stock, valued at approximately $15,204,368.11. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP David B. Fischer sold 16,621 shares of the company’s stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $183.51, for a total value of $3,050,119.71. The disclosure for this sale can be found here. Insiders have sold a total of 5,027,649 shares of company stock valued at $896,849,901 over the last three months. 17.23% of the stock is currently owned by 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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