EarthLink Holdings Corp. (ELNK) Given Average Recommendation of “Hold” by Analysts
EarthLink Holdings Corp. (NASDAQ:ELNK) has received an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $10.23.
ELNK has been the subject of a number of research analyst reports. B. Riley restated a “buy” rating and set a $10.00 price objective on shares of EarthLink Holdings Corp. in a research report on Saturday, November 12th. Zacks Investment Research raised shares of EarthLink Holdings Corp. from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a report on Monday, October 17th. Jefferies Group reaffirmed a “hold” rating and issued a $4.90 price target (down previously from $6.50) on shares of EarthLink Holdings Corp. in a report on Thursday, November 10th. Drexel Hamilton downgraded shares of EarthLink Holdings Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, November 8th. Finally, Barclays PLC increased their price target on shares of EarthLink Holdings Corp. to $18.00 and gave the company a “neutral” rating in a report on Thursday, August 18th.
In other EarthLink Holdings Corp. news, EVP Rick C. Froehlich sold 31,499 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $6.33, for a total value of $199,388.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.70% of the stock is currently owned by company insiders.
A number of hedge funds have recently made changes to their positions in the company. BlackRock Group LTD increased its stake in shares of EarthLink Holdings Corp. by 9.8% in the first quarter. BlackRock Group LTD now owns 146,817 shares of the company’s stock valued at $832,000 after buying an additional 13,066 shares during the last quarter. Panagora Asset Management Inc. increased its stake in EarthLink Holdings Corp. by 33.5% in the first quarter. Panagora Asset Management Inc. now owns 1,124,869 shares of the company’s stock valued at $6,378,000 after buying an additional 282,565 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in EarthLink Holdings Corp. during the second quarter valued at $125,000. Shell Asset Management Co. bought a new stake in EarthLink Holdings Corp. during the second quarter valued at $1,735,000. Finally, Smith Asset Management Group LP increased its stake in EarthLink Holdings Corp. by 13.6% in the second quarter. Smith Asset Management Group LP now owns 457,550 shares of the company’s stock valued at $2,928,000 after buying an additional 54,860 shares in the last quarter. 87.68% of the stock is owned by institutional investors and hedge funds.
Shares of EarthLink Holdings Corp. (NASDAQ:ELNK) traded down 2.40% on Wednesday, reaching $5.28. The company had a trading volume of 820,386 shares. The firm’s market capitalization is $556.99 million. EarthLink Holdings Corp. has a 52 week low of $4.85 and a 52 week high of $9.26. The stock’s 50 day moving average is $5.69 and its 200 day moving average is $6.25.
EarthLink Holdings Corp. (NASDAQ:ELNK) last issued its quarterly earnings data on Monday, November 7th. The company reported ($0.10) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by $0.09. The firm had revenue of $235.10 million for the quarter, compared to analysts’ expectations of $232.44 million. EarthLink Holdings Corp. had a negative net margin of 0.01% and a negative return on equity of 14.46%. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. On average, equities analysts anticipate that EarthLink Holdings Corp. will post $0.08 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Wednesday, December 21st will be paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 3.70%. The ex-dividend date is Monday, December 19th. EarthLink Holdings Corp.’s payout ratio is currently -2,000.00%.
EarthLink Holdings Corp. Company Profile
EarthLink, Inc (EarthLink), is a network, communications and information technology (IT) services provider to business and residential customers in the United States. The Company operates in two segments: Business Services and Consumer Services. EarthLink’s Business Services segment provides a range of data, voice, managed IT and equipment services to business customers.
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