Avondale Partners Downgrades LinkedIn Corp to Market Underperform with Price Target $196.00

Brokerage firm Avondale Partners Downgrades its rating on LinkedIn Corp(NYSE:LNKD). In a research note issued to the investors, the brokerage major Raises the price-target to $196.00 per share. The shares have been rated Market Underperform. Previously, the analysts had a Market Perform rating on the shares. The rating by Avondale Partners was issued on Jun 13, 2016.

In a different note, On Jun 9, 2016, RBC Capital said it Upgrades its rating on LinkedIn Corp. The shares have been rated ‘Outperform’ by the firm. On May 2, 2016, Avondale Partners said it Maintains its rating on LinkedIn Corp. In the research note, the firm Raises the price-target to $120.00 per share. The shares have been rated ‘Market Perform’ by the firm. On Apr 8, 2016, MKM Partners said it Downgrades its rating on LinkedIn Corp. The shares have been rated ‘Neutral’ by the firm. On Apr 6, 2016, Credit Suisse said it Maintains its rating on LinkedIn Corp. In the research note, the firm Lowers the price-target to $230.00 per share. The shares have been rated ‘Outperform’ by the firm. On Apr 1, 2016, Citigroup said it Maintains its rating on LinkedIn Corp. In the research note, the firm Lowers the price-target to $194.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 29, 2016, Barclays said it Downgrades its rating on LinkedIn Corp. In the research note, the firm Lowers the price-target to $205.00 per share. The shares have been rated ‘Equal-weight’ by the firm.

LinkedIn Corp (LNKD) shares turned negative on Fridays trading session with the shares closing down -0.53 points or -0.28% at a volume of 40,20,550. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $191.4. The peak price level was also seen at $191.4 while the days lowest was $190.8. Finally the shares closed at $190.8. The 52-week high of the shares is $258.389 while the 52-week low is $98.25. According to the latest information available, the market cap of the company is $25,480 M.

LinkedIn Corp(LNKD) last announced its earnings results on Apr 28, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $860.65M. Analysts had an estimated revenue of $829.49M. Earnings per share were $0.74. Analysts had estimated an EPS of $0.60.

Several Insider Transactions has been reported to the SEC. On May 23, 2016, Susan J.s. Taylor (VP, Corporate Controller & CAO) sold 1,063 shares at $125.50 per share price.Also, On May 19, 2016, Michael John Callahan (VP, GC and Secretary) sold 1,855 shares at $128.15 per share price.On May 19, 2016, Leslie J Kilgore (director) sold 174 shares at $128.15 per share price, according to the Form-4 filing with the securities and exchange commission.

LinkedIn Corporation (LinkedIn) is a professional network on the Internet. The Company’s three product lines include Talent Solutions Marketing Solutions and Premium Subscriptions. All three product lines are sold through two channels an offline field sales organization which engages with both large and small enterprise customers as well as an online self-serve channel which includes enterprise customers and individual members purchasing subscriptions. The Company’s solutions include Free Solutions and Monetized Solutions. Its Free Solutions includes the service to manage professional identity service to build and engage with professional networks access to knowledge insights and opportunities and ubiquitous access. The Company also provides other solutions which provide members enterprises and professional organizations with functionality and additional benefits.

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