Somewhat Positive Media Coverage Somewhat Unlikely to Affect Facebook (NASDAQ:FB) Stock Price

Media stories about Facebook (NASDAQ:FB) have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news 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 0.18 on Accern’s scale. Accern also gave media stories about the social networking company an impact score of 44.9702181890484 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have effected Accern Sentiment’s rankings:

A number of equities research analysts have issued reports on the company. SunTrust Banks, Inc. assumed coverage on Facebook in a research report on Tuesday. They issued a “buy” rating and a $210.00 price target on the stock. Cowen and Company reaffirmed an “outperform” rating and issued a $195.00 price target on shares of Facebook in a research report on Thursday, August 10th. Zacks Investment Research lowered Facebook from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Pivotal Research lowered Facebook from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, MKM Partners reissued a “buy” rating and set a $200.00 target price (up previously from $180.00) on shares of Facebook in a research report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, forty-two have issued a buy rating and three have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $183.47.

Shares of Facebook (FB) traded up 0.30% during mid-day trading on Friday, hitting $167.41. The stock had a trading volume of 15,093,638 shares. The firm has a 50 day moving average of $163.85 and a 200 day moving average of $148.79. The stock has a market cap of $486.19 billion, a price-to-earnings ratio of 37.47 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 posted its earnings results on Wednesday, July 26th. The social networking company reported $1.32 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $9.19 billion. During the same quarter in the previous year, the company posted $0.97 earnings per share. Facebook’s quarterly revenue was up 44.8% compared to the same quarter last year. On average, analysts forecast that Facebook will post $5.33 earnings per share for the current year.

In other news, COO Sheryl Sandberg sold 163,500 shares of the business’s stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $149.55, for a total value of $24,451,425.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Peter Thiel sold 60,316 shares of the business’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $172.25, for a total transaction of $10,389,431.00. Following the completion of the transaction, the director now directly owns 6,311 shares of the company’s stock, valued at approximately $1,087,069.75. The disclosure for this sale can be found here. Insiders sold 12,702,398 shares of company stock valued at $2,054,828,660 in the last quarter. 19.08% of the stock is currently owned by corporate insiders.

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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.

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

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