Argus Research Reiterates a Hold Rating on LinkedIn

By Ryan Adsit

In a report issued on November 3, Joseph Bonner from Argus Research reiterated a Hold rating on LinkedIn (NYSE: LNKD). The company’s shares closed yesterday at $190.12.

According to TipRanks.com, Bonner is a 5-star analyst with an average return of 7.9% and a 66.0% success rate. Bonner covers the Technology sector, focusing on stocks such as Activision Blizzard, Palo Alto Networks, and Electronic Arts.

Currently, the analyst consensus on LinkedIn is Hold and the average price target is $208, representing a 9.4% upside.

In a report issued on October 28, RBC Capital also reiterated a Hold rating on the stock with a $196 price target.

The company has a one year high of $258.39 and a one year low of $98.25. Currently, LinkedIn has an average volume of 1.17M.

Based on the recent corporate insider activity of 90 insiders, corporate insider sentiment is negative on the stock. Most recently, in May 2016, Jeff Weiner, the CEO of LNKD sold 3,240 shares for a total of $415,206.

LinkedIn Corp. operates an online professional network on the Internet. Its proprietary platform enables members to create, manage and share their professional identities online, build and engage with their professional networks, access shared knowledge and insights, and find business opportunities. The company product line includes Talent Solutions, Marketing Solutions and Premium Subscriptions these 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, selfserve channel. LinkedIn was founded by Allen Blue, Reid G. Hoffman, Jean-Luc Vaillant, Konstantin Guericke and Eric Ly on November, 2002 and is headquartered in Mountain View, CA.