Media headlines about Facebook (NASDAQ:FB) have been trending somewhat negative on Wednesday, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Facebook earned a coverage optimism score of -0.04 on Accern’s scale. Accern also assigned media coverage about the social networking company an impact score of 43.4772240542874 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

Shares of Facebook (NASDAQ:FB) traded down $0.03 on Wednesday, hitting $187.84. The stock had a trading volume of 10,520,000 shares, compared to its average volume of 16,800,000. Facebook has a 52 week low of $124.06 and a 52 week high of $188.90. The company has a market capitalization of $545,830.00, a P/E ratio of 34.91, a price-to-earnings-growth ratio of 1.06 and a beta of 0.68.

Facebook (NASDAQ:FB) last issued its quarterly earnings data on Wednesday, November 1st. The social networking company reported $1.59 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.31. The company had revenue of $10.33 billion during the quarter, compared to the consensus estimate of $9.84 billion. Facebook had a return on equity of 23.64% and a net margin of 41.69%. The firm’s revenue was up 47.3% compared to the same quarter last year. During the same period last year, the company earned $1.09 earnings per share. sell-side analysts anticipate that Facebook will post 5.86 EPS for the current fiscal year.

FB has been the topic of several research analyst reports. Mizuho reaffirmed a “buy” rating and issued a $230.00 price objective on shares of Facebook in a research note on Wednesday, September 20th. Vetr raised Facebook from a “hold” rating to a “buy” rating and set a $180.74 price objective on the stock in a research note on Monday, September 25th. Zacks Investment Research raised Facebook from a “hold” rating to a “buy” rating and set a $191.00 price target on the stock in a research note on Tuesday, September 26th. Wells Fargo & Co reissued an “outperform” rating and set a $215.00 price target (up from $185.00) on shares of Facebook in a research note on Wednesday, September 27th. Finally, Cowen reissued an “average” rating and set a $200.00 price target (up from $195.00) on shares of Facebook in a research note on Wednesday, September 27th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, forty-three have given a buy rating and three have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $202.56.

In other Facebook news, CEO Mark Zuckerberg sold 246,237 shares of Facebook stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $172.60, for a total value of $42,500,506.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Colin Stretch sold 750 shares of Facebook stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $172.43, for a total value of $129,322.50. Following the completion of the sale, the vice president now owns 89,916 shares of the company’s stock, valued at $15,504,215.88. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,390,419 shares of company stock valued at $788,084,203. 17.23% of the stock is currently owned by corporate insiders.

TRADEMARK VIOLATION NOTICE: This article was originally posted by Watch List News and is the property of of Watch List News. If you are reading this article on another domain, it was stolen and republished in violation of United States and international copyright and trademark law. The original version of this article can be read at https://www.watchlistnews.com/somewhat-negative-news-coverage-somewhat-unlikely-to-impact-facebook-fb-share-price/1801763.html.

About Facebook

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.

Insider Buying and Selling by Quarter for Facebook (NASDAQ:FB)

Receive News & Ratings for Facebook Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Facebook and related companies with MarketBeat.com's FREE daily email newsletter.