Facebook, Inc. (NASDAQ:FB) registered a 0.04% increase, still its new closing price is 43.14% up from the company’s 1 year high of 133.50.It posted 2.87% gains in previous 5 sessions and is now the subject of 3 analysts who together assign a hold rating on stock. 1 of Wall Street analysts have an underperform rating; the 0 sells versus 22 buy or better ratings. The 48 stock analysts following this company have an average price target at $153.67, with individual PT in the $90.00-$180.00 range. The shares moved at $127.92, implying that brokerage firms see shares gaining about 34.29% in twelve months time.
Facebook, Inc. (FB) SEC Form 4 News
The stock is getting much attention these days as insiders are offloading shares while they posted a 11.19% rise year to date. A Chief Technology Officer at Facebook, Inc. (FB) offloaded shares in a transaction closed on Tuesday January 10, 2017. Schroepfer Michael Todd sold 37,994 shares in the company at $124.79 each and collected $4,741,000 in proceeds. Schroepfer Michael Todd now owns 462,343 shares in the company after this transaction. A VP and General Counsel in the company, Stretch Colin, disclosed a transaction on Tuesday January 10, 2017 that ended up generating $93,001 from the sale of 750 shares at $124.82 per share.
Facebook, Inc. (NASDAQ:FB) Upcoming Results on Tap
Facebook, Inc. will next provide financial results for the March 2017 quarter. Stock analysts expect it to report per-share earnings of $1.26 in that period. Sales during the quarter are predicted to arrive at $7.63 billion.
Earnings surprise history: Last quarter, the company posted approximately $7.01 billion in revenue and EPS of $1.09. The mean forecast was for $6.92 billion and $0.97 a share, respectively. One quarter earlier, revenue for the stock was at $6.44 billion, with earnings at $0.97/share.
Facebook, Inc. (FB) Brokerage Update
Facebook, Inc. (FB) is in Raymond James’s research list so their analyst rating change is noteworthy. These shares were upgraded to Strong Buy from Outperform by Raymond James, according to news reported on Friday January 13, 2017.Another important research note was issued by Monness Crespi & Hardt on Thursday July 28, 2016.The firm downgraded FB to Neutral from Buy. Over the last six months and over the last three months, the shares of Facebook, Inc. (FB), have changed 6.06% and 0.30%, respectively.
Facebook, Inc. (NASDAQ:FB) on January 3, 2017 announced that the company’s fourth quarter and full year 2016 financial results will be released after market close on Wednesday, February 1, 2017. Facebook will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day.
Founded in 2004, Facebook’s mission is to give people the power to share and make the world more open and connected. People use Facebook to stay connected with friends and family, to discover what’s going on in the world, and to share and express what matters to them.