Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Facebook (NASDAQ:FB) Share Price
Media coverage about Facebook (NASDAQ:FB) has been trending somewhat positive on Monday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Facebook earned a news impact score of 0.04 on Accern’s scale. Accern also gave news headlines about the social networking company an impact score of 44.2846080039123 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern’s rankings:
- Why Facebook, Inc. Stock Popped 15% in July – Motley Fool (fool.com)
- Facebook Inc (NASDAQ:FB) Knew Of Snapchats Struggles Before Public – Live Trading News (livetradingnews.com)
- How Facebook Inc (FB) Used A Security App To Crush Snapchat – StockNews.com (blog) (stocknews.com)
- Snap Inc (SNAP) Stock Jukes the Bears! What’s Next? (finance.yahoo.com)
- What's Behind Facebook's Big Push Into Video (finance.yahoo.com)
Facebook (NASDAQ:FB) traded up 1.59% during mid-day trading on Monday, hitting $170.75. The stock had a trading volume of 12,954,231 shares. The firm’s 50-day moving average is $161.50 and its 200 day moving average is $147.44. The stock has a market cap of $495.89 billion, a PE ratio of 38.22 and a beta of 0.70. Facebook has a one year low of $113.55 and a one year high of $175.49.
Facebook (NASDAQ:FB) last released its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.19. Facebook had a net margin of 38.84% and a return on equity of 21.73%. The company had revenue of $9.32 billion during the quarter, compared to the consensus estimate of $9.19 billion. During the same quarter in the prior year, the firm earned $0.97 EPS. The company’s revenue was up 44.8% compared to the same quarter last year. Equities research analysts expect that Facebook will post $5.33 EPS for the current year.
Several research firms have recently commented on FB. Royal Bank Of Canada restated an “outperform” rating and set a $185.00 price target on shares of Facebook in a research report on Saturday, June 3rd. Barclays PLC restated an “overweight” rating and set a $168.00 price target (up from $160.00) on shares of Facebook in a research report on Wednesday, July 12th. Vetr upgraded Facebook from a “hold” rating to a “buy” rating and set a $159.91 price target for the company in a research report on Tuesday, June 6th. Jefferies Group LLC restated a “buy” rating and set a $192.00 price target (up from $175.00) on shares of Facebook in a research report on Thursday, July 27th. Finally, Pacific Crest restated an “overweight” rating and set a $155.00 price target on shares of Facebook in a research report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, forty-two have assigned a buy rating and three have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $182.00.
In related news, insider Michael Todd Schroepfer sold 37,963 shares of Facebook stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $171.98, for a total value of $6,528,876.74. Following the transaction, the insider now owns 882,427 shares in the company, valued at approximately $151,759,795.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $171.88, for a total transaction of $128,910.00. Following the completion of the transaction, the vice president now owns 82,406 shares in the company, valued at approximately $14,163,943.28. The disclosure for this sale can be found here. In the last quarter, insiders sold 10,221,076 shares of company stock valued at $1,613,683,519. Insiders own 19.08% of the company’s stock.
Facebook Company Profile
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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