Facebook Inc (NASDAQ:FB), world’s biggest social networking site, analysts comprising those at lead underwriter Morgan Stanley (NYSE:MS) mention the social-network operator is value no above its debut price of $38.
Bloomberg compiled data confirms that around 17 securities companies began coverage of the corporation on Wednesday, bringing the median analyst share-price forecast to $37.95.
Morgan Stanley offered Facebook shares equivalent of a buy rating, as did JPMorgan Chase & Co (NYSE:JPM), Goldman Sachs Group, Inc (NYSE:GS) and five other companies. The data show that 8 refers holding of stock while one offers selling.
Facebook, its bankers and listing exchange NASDAQ OMX Group, Inc (NASDAQ:NDAQ) faced criticism after the shares plunged lower than its IPO price of $38 on the second day of trading and extended the drops to 32% on June 5.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Renren Inc (NYSE:RENN) moves up +0.43% to settle at $4.72, Zynga Inc (NASDAQ:ZNGA) moved down -2.34% to end at $5.63 while Groupon Inc (NASDAQ:GRPN) decreased -1.17% to finish on Wednesday at $10.13.
Facebook Inc (NASDAQ:FB) last session volume of 28.60 million shares was lower than its average volume of 68.93 million shares. The stock after opening at $32.46 hit high price of $32.90 and then closed at $32.23 by scoring -2.63%.
FB generated revenue of 3.71 billion in the following twelve months and earned $668.00 million. The Company showed a positive +26.95% in the net profit margin and as well as in its operating margin which remained +47.32%.
The FB past twelve months price to sales ratio was 18.57 and price to cash ratio remained 17.62. The stock showed weekly upbeat performance of +1.99% while the YTD performance remained at -15.69%.
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