Dallas, Texas 08/27/2014 (FINANCIALSTRENDS) – LinkedIn Corp (NYSE:LNKD), the Facebook of professional networking is now tracking its peers progress on the stock market as well.
In recent weeks an upwardly revised coverage by leading analysts has moved the share prices of this professional networking site higher by a few basis points.
Leading the reiteration is First Analysis
LinkedIn Corp (NYSE:LNKD) received coverage by lead analysts First Analysis on Tuesday. The analyst opined that currently the stock is overweight and carried target price of $280.00.
The coverage was initiated following the recent earnings data release earlier in July. The list of other analysts who have been covering LNKD include Stifel Nicolaus which rates the company as a BUY in mid-August and price target of $250.00. Others covering LNKD include Piper Jaffray, where the price target was revised higher to $282.00 and
LinkedIn Corp (NYSE:LNKD) is also covered by Wedbush which saw the price target revision upwards.
The overall consensus for the investment analyst has been a sell rating, with eight others showing a hold rating on this stock. Meanwhile, 17 other analysts have provided a Buy rating on this company.
The average consensus cover for the professional networking site is Buy with an average target price of $236.07.
Meanwhile, apart from the forward looking coverage by leading analysts, the company noted some insider activity as well. Vice President Dipchand Nishar reported the sale of 11,820 shares on Friday, August 22. The price at which these shares were sold was $226.09, where the total value was $2,672.383.80.
Currently, the networking site which has been expanding its services to more articulated hiring processes and in-network peer monitoring has over 277 million subscribers and effectively controls the professional networking market segment in the over 200 countries it has operations.